All Forum Posts by: Jonathan Styer
Jonathan Styer has started 5 posts and replied 320 times.
Post: Will Investing in Flips and STR Hurt a New Primary Residence
- Real Estate Broker
- Columbus, OH
- Posts 328
- Votes 393
The short answer is maybe. If you're able to get out of a hard money flip before you go looking for a loan you should be fine. If it's all cash, then you don't need to worry about DTI, but that's less cash to show a lender for preapproval. But if you take on debt for a STR, it will affect your DTI. Good luck!
Post: Cost of Separating Water Meters
- Real Estate Broker
- Columbus, OH
- Posts 328
- Votes 393
Are there local companies that will do it for you? That is where you should start. Also, what size of multifamily? I know here in Columbus there are several companies that perform this service and then follow up with doing the readings, but they do not work with properties less than 20 units which leaves a lot of investors out in the dust when it comes to sub metering water. It's become pretty much impossible to sub meter anything less than 20 units here, unless the property was sub metered before this change, which is unfortunate.
Post: Property Under Contract ... NOW WHAT?!
- Real Estate Broker
- Columbus, OH
- Posts 328
- Votes 393
Are you a part of any local real estate investment groups? How about Facebook, any groups there? You want to get it out to as many people with as much information as possible.
Post: What’s the buy formula in Columbus, Ohio
- Real Estate Broker
- Columbus, OH
- Posts 328
- Votes 393
Buy low, sell high. You’re gonna like the way you look. I guarantee it.
Post: Private Investors Deal Structure
- Real Estate Broker
- Columbus, OH
- Posts 328
- Votes 393
Quote from @Adri Jusczak:
Hi Leila,
I was in a similar position. I did the BRRRR method with my parent's money. They funded the deal cash, and I paid them interest only payments monthly. I then refinanced the property and was able to pay them back fully and I had about 10k extra for me. Feel free to message me if you want to talk through the process more!
Post: Rental Properties Investing - Columbus, Ohio
- Real Estate Broker
- Columbus, OH
- Posts 328
- Votes 393
Columbus is great for both appreciation and cash flow. I don’t know anyone who hasn’t done well investing here.
Post: CF property in Columbus, OH area
- Real Estate Broker
- Columbus, OH
- Posts 328
- Votes 393
You are going to struggle to cash flow in the neighborhoods you’re describing. You want to focus on B-/C areas at least if cash flow is your goal.
Post: Cash flow markets for out of state investment
- Real Estate Broker
- Columbus, OH
- Posts 328
- Votes 393
I'll double down on Columbus. I've seen a lot of out of state investors do very well here.
Post: Getting started in the Midwest, Ohio or MI most specifically
- Real Estate Broker
- Columbus, OH
- Posts 328
- Votes 393
Quote from @Cesar Figueroa:
Thanks everyone for the tips. I will check out the neighborhoods listed. Columbus sounds great too, especially with all the growth. My only concern with Cleveland is it seems to be shrinking consistently YoY. But there is definitely less there in the price range I am looking for!
Columbus is great. We see a great mix of appreciation and cashflow here. Plenty of good rental markets for SFH's here as well.
Post: Intel is growing in Columbus, OH
- Real Estate Broker
- Columbus, OH
- Posts 328
- Votes 393
Columbus continues to grow, tech keeps coming here. We have a housing shortage with the amount of people that are moving here every day. I feel that this is just a continuation of the trend we have been seeing here for the past few years. We've been seeing crazy appreciation and are one of the hottest markets in the country. Doesn't look to change anytime soon either.