All Forum Posts by: Jimmy Lieu

Hey all,

Looking to get in touch with operators in these markets. Wanting to get different perspectives with the lay of the land. What strategies are operators using to acquire properties? What are the best cities for STR and MTR in Indiana? What are the best cities for STR and MTR in Ohio. Who are the best STR agents in Indiana and Ohio? What lending products are operators using for financing? What is the best way to get on the short list for insurance companies and hospitals to send leads for MTR?

Any advice from the community would be welcomed.

Thanks!

I've been debating this for so long and I just can't decide what's best. I live in Greater Vancouver, Canada.. Would it be best to invest in a non-appreciating duplex that cashflows well (in Saskatoon or Edmonton- compare to midwest for US folks) or a non-cashflowing detached home in the coastal region of Vancouver area (think Seattle!) where there is tons of appreciation but NO cashflow. We would have to supplement the rent for a few years, but these properties are million dollar homes with great value. I'm so torn. what would you do? We have a decent amount to put in for a down payment (200k) but would stay with the 20% downpayment if going with a cheaper property (400-600k). We want to maximize our money to go as far as possible. Help please!! thank you so much for any responses!!! 

 Definitely not a fan of blanket statements like these. $100 net on a large deal may not be enough to cover a large unexpected expense, or a prolonged vacancy. I know you mention other metrics in other comments, but this comment alone can lead many inexperienced investors down the wrong path with bad investing fundamentals. You cant guarantee 20% coc return in 10 years and neither is coc return a good metric for long investment decisions.

Ed's caution, although maybe a little too wary, is still very valid to encourage new investors to do their own due diligence, especially given current conditions. I'm bullish on columbus still, but you cannot ignore the fact that there are a lot of impacting this market. Still lots of instability and that can be very risky for investors in the short term and result in them never being able to realize the long term gains. Buy and hold strategy doesn't work if you can't hold it long enough.

Hello there! I'm based in San Jose, CA (and may be moving to NYC in the next ~1.5 yrs) and have been trying to decide which market to invest in out of state. I make a decent six-figure income here but couldn't fathom ever affording a remotely decent place here, which has driven me to look at markets out of state where I could actually come up with $40k for a down payment. In particular, good price-to-rent ratios, low median home values, and high rental demand have led me to consider the areas around Milwaukee, WI and Detroit, MI -- but honestly I've only just started researching. Open to other market suggestions too.

I did also consider Denver, CO since I'm originally from there and am familiar with the area, but the Denver metro area has gotten quite expensive itself... maybe a smaller town like Greeley?

I'm interested to know if anyone has any experience (benefits or risks) in OOS investing in a similar situation and what type of property you've invested in.

I'm also open to any advice you might have for someone who is buying for the first time and doing it out of state no less. Thanks!

Ive seen a lot of pull into Columbus due to the developments that are about to hit the city. Intel being built is going to bring 7,000 construction jobs as well as 3,000 permanent positions!  

Columbus is adding multiple developments in the next couple of years.

First, Intel being built is bringing 7,000 construction jobs, as well as 3,000 permanent jobs to the city!

Secondly, Nationwide Childrens Childrens hospital is adding on a new orthopedics and surgery center, new research facilities, and a new 12 story inpatient hospital tower. 

Lastly, there have been talks about a professional volleyball team that will be calling Columbus their home town. This looks like they will be hitting the city in 2024. 

Lots to be excited about for the city of Columbus!

I am just now starting out as a real estate investor. I am looking to buy my first property. I am a Physician Assistant and make decent money (over 100k yearly) but in my area everything is still super expensive, very unlikely to find anything under 300k. 

I was originally planning on finding a multi family and renting it out. my goal for my first property to eventually pay for itself and maybe even have a slight positive monthly net income, but even then Multi families get bought out rapidly. 

the real estate agent Ive been working with recommended using a 203k to fix up a property and suggested doing a house flip with a single family. flipping wasn't my original plan but it seems possible, but I get worried about the monthly payments for the whole first year before I can sell it and my abliltiy to sell it with the market being unstable and possible crash coming. I am not sure what I should go for. 

any advise on what to do? also renting and keeping vs flipping given my situation? open to any advice for first time investor. 

Is anyone else wondering why these big left coast companies are moving to Ohio?  I sure hope they don't bring the same problems they caused out west.  I say this because Ohio is on my bucket list to visit and I would appreciate experiencing Ohio for what it is currently and not what it might become under outside influence.

 That's awesome Jimmy! Happy for your success my man.

I'm looking for top properties in the short-term rental market in Columbus, OH and Kansas City, MO.

I want to know more about the current state of the market, top-performing neighborhoods, and high-quality properties for short-term rentals. If you have experience investing in short-term rental properties in these cities, please share your insights, strategies, and tips for success.

Thank you!