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All Forum Posts by: Jimmy Lieu

Jimmy Lieu has started 97 posts and replied 2104 times.

Post: Looking for guidance

Jimmy Lieu
Posted
  • Real Estate Agent
  • Columbus, OH
  • Posts 2,184
  • Votes 1,657
Quote from @Robert Smith:

Hey folks,

I'm looking to buy my first multi-family and first property in total. I currently live in the Denver, Co area, but I am looking in the following markets: Lansing, Mi and Cleveland, Oh. Would anyone be available to grab a coffee or beer? I'd love to pick your brain about how you got started, mistakes and lessons learned...etc.

Thanks,

Robbie

If you live in Denver, you should definitely consider investing out of state. As an investor, you should look into income hacking. It's a concept which you earn a high income in your local market but you use the capital to invest in a much cheaper up and coming real estate market where you can still find cash flow and tons of appreciation. Personally, I would recommend taking a look at Columbus Ohio! A lot of my out of state real estate clients really like this market because the macroeconomics look so good for this market - population is growing, job growth is growing, and so many companies moving and developing here. Look at Intel headquarters, Google, FB, Microsoft, LG, Amazon, Nationwide, Honda, etc. Additionally, the price point is still cheap enough to find the 1% rule and positive cash flow and it's super landlord friendly (so you will never have to go through a 12 month eviction or anything close to that!). Lastly, the price point is still very cheap here in the sense that you can still find investment deals that hit the 1% rule for 120-180k! Happy to connect and answer any questions you have!

Post: New here-Love to connect!

Jimmy Lieu
Posted
  • Real Estate Agent
  • Columbus, OH
  • Posts 2,184
  • Votes 1,657
Quote from @Temesgen Merga:

Hello everyone, my name is Gobena. I will be moving to Decatur Illinois soon and would love to connect with realstate investors and Agents around that area. Champaign,springfield,Decatur or Bloomington! 

Welcome to BiggerPockets, tons of great connections and resources here!

Post: Saving for a House Hack

Jimmy Lieu
Posted
  • Real Estate Agent
  • Columbus, OH
  • Posts 2,184
  • Votes 1,657
Quote from @Ethan Tomlinson:

Hello, my name is Ethan Tomlinson. I am a 22 year old college student at BYU-I. It’s been a dream of mine to house hack the moment I have learned of it, which was four years ago. Listening to countless podcasts and reading tons of books, etc. Since then it’s been on my mind. Aged 19-21 I served a mission for my church in the New England area, but since I’ve been home I’ve been saving money. To get to the gist of things…

I'm wondering if anyone in this local area of south east Idaho knows a lot about the process of getting your first house hack. Costs, getting pre-approved for an FHA loan, who to talk to first. Etc

I have two part time jobs and in total I bring home between 2800-3000 a month. I have no debts, I only have to pay for groceries and gas right now so I’m able to save about 2300-2500 each month after paying my living expenses each month.

Other things to know:

My current savings are about 20k and I have 4k in a Roth.

My credit score has been 750+ for quite some time now


I have only had my two w-2 part time jobs for about a couple months, before then a lot of my labor was 1099 or even just being payed cash, and if I remember correctly you need 2 years of income to get approved for an FHA loan generally.

So what steps should I take to inch closer to obtaining a house hack? It’s killing me more and more not being able to start this, i definitely haven’t done any deal analysis in a while with the calculators, but I used to a lot years back. 

if it helps, ask me questions too! I bet I’m overlooking a lot of things. I greatly appreciate all comments and I will listen, as you reading are the likely seasoned veteran, not me.


You should look to house hack out of state as you'll get a much better bang for your buck rather than doing it in Idaho!

Post: Central Illinois Rookie

Jimmy Lieu
Posted
  • Real Estate Agent
  • Columbus, OH
  • Posts 2,184
  • Votes 1,657
Quote from @Jai Windish:

Hey everyone,

I am from Illinois and actually closer to Peoria than Champaign, but choices were limited. I am getting into Real Estate investing but am a rookie looking to connect, learn, network, and pick up any lessons along the way. 

Thanks in advance to all.

Jai

Welcome to BiggerPockets Jai! So many great resources and connections here!

Post: Multifamily Investor | Relocating to Columbus | 2–3 Unit Buy & Hold Focus

Jimmy Lieu
Posted
  • Real Estate Agent
  • Columbus, OH
  • Posts 2,184
  • Votes 1,657
Quote from @Daquan Long:

Multifamily investor currently based in Connecticut, relocating to Columbus in Fall 2025. I specialize in 2–3 unit buy-and-hold rentals with a focus on cash flow, value-add opportunities, and long-term wealth building. I currently own property in  CT and I’m planning to scale to 5+ doors in the Columbus market over the next few years. Always open to connecting with investor-friendly agents, lenders, or local partners focused on lean, ethical growth.

Hi Daquan, I'm based in Columbus Ohio as well! I strongly recommend this market and I definitely think you're making the right choice (I moved here from Portland Oregon)! It's one of the hottest markets in the US right now with some of the fastest population and job growth and companies moving and developing here. I would recommend taking a look into 26B Intel headquarter development, Amazon, FB, LG, Google, Anduril, Nationwide, Ohio State University, and many other companies here! Additionally, you can still find properties for 120-180k that will positive cash flow and hit the 1% rule. Recently one of my clients purchased a $120k single family house and is currently renting it out for $1550/mo. Anything you buy in the Columbus Ohio market is currently blowing up in terms of appreciation growth. Happy to connect and answer any questions you have

Post: Hi Im an investor asking for some advice

Jimmy Lieu
Posted
  • Real Estate Agent
  • Columbus, OH
  • Posts 2,184
  • Votes 1,657
Quote from @Sona Pierres Girl:

This is my first time posting here. I am purchasing my 4 plex units, have rental property andairbnb property. But also have been interested in flipping/ selling a home for as long as I can remember. I kind of want to do it for a hobby and make extra cash. I saw Michigan Indiana Ohio are good places. I live in Louisiana. Where would anyone recommend and how do I start? Ty

If you're looking to flip houses for fun, I wouldn't do it out of state, it's another beast in itself - you have to make sure you're on top of everything and have a lot of systems and processes in place or else you'll likely be burned really badly. You should instead focus on a standard buy and hold or BRRRR from out of state - these are much more manageable and easier to do. You can still find the 1% rule and get tons of appreciation here in Columbus Ohio!

Post: New investor ready to learn from others

Jimmy Lieu
Posted
  • Real Estate Agent
  • Columbus, OH
  • Posts 2,184
  • Votes 1,657
Quote from @Istel Contreras:

Hello, my name is Sofia Contreras and I'm a new investor  in the area of Ashville NC , ready to learn and start getting my feet wet. I'm learning the ins and out of wholesaling but my end goal is to fix and flip and buy and hold properties. Great a portfolio of rental properties and generate cash flow. If you are in the area would love to connect and learn from experience investors that are willing to help someone that is brand new to this business.

Definitely agree with your investing strategy - focus on building your capital with wholesaling but end goal should always be buy as much real estate and hold onto it for long-term. If you're looking for a cheaper real estate market, I would definitely suggest Columbus Ohio. It's one of the hottest markets in the US right now with some of the fastest population and job growth and companies moving and developing here. I would recommend taking a look into 26B Intel headquarter development, Amazon, FB, LG, Google, Anduril, Nationwide, Ohio State University, and many other companies here! Additionally, you can still find properties for 120-180k that will positive cash flow and hit the 1% rule. Recently one of my clients purchased a $120k single family house and is currently renting it out for $1550/mo. Anything you buy in the Columbus Ohio market is currently blowing up in terms of appreciation growth. Happy to connect and answer any questions you have

Post: Out-of-State Investor - Need Feedback and Advice

Jimmy Lieu
Posted
  • Real Estate Agent
  • Columbus, OH
  • Posts 2,184
  • Votes 1,657
Quote from @Mohammed Youssef:

Hey BP community,

I’m a California-based investor looking to build a long-term out-of-state portfolio in the Midwest. I’ve narrowed down my focus to three markets for now:

Milwaukee (WI), Columbus (OH), and parts of Michigan (open to cities like Grand Rapids, Lansing, or suburbs of Detroit).

I’m at the stage of interviewing investor-friendly realtors and would love to hear how you screen and vet agents in these markets. My goal is to buy 1–2 buy-and-hold properties this year, then scale gradually.

Here’s what I’m asking realtors so far:

• Do you work with out-of-state investors regularly?

• Are you an investor yourself or familiar with analyzing deals?

• Can you help me with rent comps, cap rates, and neighborhood breakdowns (A-D class)?

• Do you have a network of reliable property managers, lenders, inspectors, or contractors?

• What areas do you recommend (or avoid) for long-term rentals in your market?

• How responsive are you, and what’s your communication style?

• Can you send me sample deals or recent investor purchases you’ve worked on?

What am I missing? What other questions or red flags should I watch out for?

My Current Approach (Open to Feedback):

• Focused on Milwaukee, Columbus, and Michigan for affordability and rent-to-price ratios

• Interviewing 3–5 realtors in each market

• Gathering referrals from BP, Facebook groups, and local investor meetups

• Asking for CMAs, past deals, and insight on ideal zip codes for cash flow

• Tracking all interactions in a spreadsheet to rate professionalism, experience, and communication

Would love feedback on how I can improve my process—especially as a long-distance investor trying to build strong relationships with boots-on-the-ground partners.

If you’ve invested in any of these markets, I’d also appreciate your take on:

• Best neighborhoods to invest in (or avoid)

• Local challenges or surprises

• Team-building tips specific to your experience

Thanks in advance! Appreciate any advice, referrals, or feedback you’re willing to share. I’m here to learn and make smart, intentional moves.

Hi Mohammed, definitely agree with your opinion on looking into investing in Columbus Ohio! It's a super affordable real estate market where you can still find deals that hit the 1% rule anywhere from $120-180k purchase price. It's one of the hottest markets in the US right now with so much population growth, job growth, and companies moving/developing here (26B Intel headquarters being built here, 68K+ enrollment in Ohio State University, Amazon, FB, Google, Honda, Microsoft, LG, Nationwide, Anduril, etc.). You can still find positive cash flow (aka the 1% rule) and amazing appreciation potential. Recently I read an article stating Franklin County properties have appreciated anywhere from 7-10% over the past 12 months. Happy to connect and answer any questions you have.

Post: Looking for CA residents with out of state investments to network

Jimmy Lieu
Posted
  • Real Estate Agent
  • Columbus, OH
  • Posts 2,184
  • Votes 1,657
Quote from @Fontaine Schaber:

Hi everyone, 

Excited to learn from this community. I am a corporate tech business professional based in CA, SF Bay Area. I have my real estate license, and I am looking to diversify in out-of-state real estate investments as a flip or med/ long term rental, single family. Would consider short term based on market. 

What I’m seeking:

• Connection with experienced investors in CA who are successfully managing out-of-state properties

• Insights on your investment strategy, market selection criteria, and property management approach

• Potentially shadowing opportunities to learn your process firsthand

What I can partner and offer in return to start:

• Support in Sales prospecting approach- identify ways to refine the approach to finding off-market properties or finding relationships with agents in target markets

• Data-driven decision frameworks – My experience implementing metrics-based systems could help optimize property analysis or portfolio performance tracking

• Marketing communications skills – Whether it’s creating compelling rental listings or communicating effectively with potential sellers, I can share strategies

• Customer success principles – These can directly translate to tenant relations and retention strategies that maximize occupancy and minimize turnover

I'm approaching this with humility as a newcomer to REI but bringing the discipline, data-driven hunting mindset that has served me well professionally. I'm NOT interested in get- rich- quick schemes or quick shortcuts, so pls do not reach out if that is the case. I am interested in building relationships with successful investors who might be open to sharing their experience and wisdom.

If you're open to connecting or can recommend someone who might be, please reach out. I'm also interested in any local REI meetups or groups that would be worthwhile. Thx and looking forward.

I just had a client from California out-of-state that purchased a 3/1 single family house in Columbus Ohio for $120k and they're currently renting it out for $1550/month - happy to make the introduction if you're interested. Also have quite a lot of other investors from CA that have done the same exact thing and have closed rental properties here that hit the 1% rule and get amazing appreciation/growth. Happy to plug you in with my network and answer any questions you have!

Post: New Member Introduction

Jimmy Lieu
Posted
  • Real Estate Agent
  • Columbus, OH
  • Posts 2,184
  • Votes 1,657
Quote from @Prateek Bhargav:

Hi everyone! My name is Prateek. I’ve been working in healthcare for the past 10 years, and I came across BiggerPockets while reading Rental Property Investing by Brandon Turner. That book really shifted my mindset and got me excited about building financial freedom for myself and my family through real estate.

I'm especially interested in multifamily properties and the BRRRR strategy (Buy, Rehab, Rent, Refinance, Repeat). I've been diving into podcasts and learning as much as I can, and my goal is to purchase my first multifamily property or complete a BRRRR deal before the end of this year.

I’m excited to be part of this community and connect with others on the same journey!

Keep crushing it Prateek! Keep reading BP books and listening to as much real estate podcasts as well. However, make sure that you're taking action and not just in a stage of paralysis analysis. If you're in an expensive market, I would look into out of state investing! You can still find great BRRRRs in Columbus Ohio! Recently a client of mine closed on a 3/2 single family house that was $185k purchase price, $25k rehab, and appraised at $264k (clean BRRRRR). Happy to connect and answer any questions you have! :)