All Forum Posts by: Jimmy Lieu
Jimmy Lieu has started 97 posts and replied 2104 times.
Post: New to investing
- Real Estate Agent
- Columbus, OH
- Posts 2,184
- Votes 1,657
Quote from @Andrew Sangar:
Hey everyone, just turned 23 and want to get into real estate investing asap. I'm based in Chicago and want to start buying in Indiana where I currently have a Airbnb arbitrage unit(I pay rent). Feel free to reach out - I'm always looking to learn and meet ppl!
Post: Anyone investing from Canada?
- Real Estate Agent
- Columbus, OH
- Posts 2,184
- Votes 1,657
Quote from @Mirza Razin Alam:
Quote from @Jimmy Lieu:
Quote from @Mirza Razin Alam:
Hello BP community!
I've been diving into research lately on getting into the U.S. real estate market, with a particular interest in BRRRR strategies—especially in more affordable areas like Ohio (seems to be a lot of buzz there).
I'm still fairly early in the journey: I've purchased a turnkey property here in Canada before, but haven't done any BRRRRs yet. Honestly, the Canadian market feels a bit too restrictive and cash-heavy to make BRRRR viable, which is why I'm exploring options south of the border.
I'd love to connect with anyone who's done BRRRRs in the U.S. as a Canadian. Curious to hear your experience setting up an LLC and staying on the right side of taxes, how you've handled project financing with reasonable down payments and cash-out refi exit options, and what it's been like working with contractors and property managers from afar.
Also, if you've got any advice on mistakes to avoid early on, I'm all ears. And I'm open to chatting about the idea of going the JV route to get a feel for the process before going all in.
Any insights or stories you’re open to sharing would be really appreciated. Thanks in advance!
Happy to connect you with some great lenders who work with canadian investors - they know how to do the legal entity and tax structure when investing out of state and will give you the best financing terms possible! Happy to make the connection and answer any questions you have!
Yes please! That would be awesome
Thank you
Feel free to PM me and I'll make the intro!
Post: Ohio State Tax Filing - Netting Rental Income and Losses Across States
- Real Estate Agent
- Columbus, OH
- Posts 2,184
- Votes 1,657
Quote from @Seamus Cronin:
My federal tax return worksheet shows a net passive loss from investments rental properties. This is because the net loss on my NY properties (where I reside) override the net rental income on my Maple Heights properties in Ohio. I therefore report zero rental income on the federal return because I am not a real estate professional and do not deduct the net loss. But Am I permitted to net my NY rental loss against the net gain on my Ohio properties on the Ohio state return?? H&R Block tax program seems to think I can because the starting point is the Federal return when allocating income to Ohio. My federal rental income is zero and therefore nothing to allocate to Ohio. Obviously I still intend to file an Ohio state return even though there is tax owed,
Hi Seamus, have a great CPA who handles all of my rental properties and works with a lot of my investor clients, happy to make the connection!
Post: Anyone investing from Canada?
- Real Estate Agent
- Columbus, OH
- Posts 2,184
- Votes 1,657
Quote from @Mirza Razin Alam:
Hello BP community!
I've been diving into research lately on getting into the U.S. real estate market, with a particular interest in BRRRR strategies—especially in more affordable areas like Ohio (seems to be a lot of buzz there).
I'm still fairly early in the journey: I've purchased a turnkey property here in Canada before, but haven't done any BRRRRs yet. Honestly, the Canadian market feels a bit too restrictive and cash-heavy to make BRRRR viable, which is why I'm exploring options south of the border.
I'd love to connect with anyone who's done BRRRRs in the U.S. as a Canadian. Curious to hear your experience setting up an LLC and staying on the right side of taxes, how you've handled project financing with reasonable down payments and cash-out refi exit options, and what it's been like working with contractors and property managers from afar.
Also, if you've got any advice on mistakes to avoid early on, I'm all ears. And I'm open to chatting about the idea of going the JV route to get a feel for the process before going all in.
Any insights or stories you’re open to sharing would be really appreciated. Thanks in advance!
Happy to connect you with some great lenders who work with canadian investors - they know how to do the legal entity and tax structure when investing out of state and will give you the best financing terms possible! Happy to make the connection and answer any questions you have!
Post: Zoom/ meeting set up for connections
- Real Estate Agent
- Columbus, OH
- Posts 2,184
- Votes 1,657
Quote from @Alex Ross:
Hey all, I am writing this post for anyone who would be interested in setting up a time/location/zoom meeting for people to come together and cooperate on projects, questions, or anything they may need to, am open to ideas, feel free to reach out.
Based in Columbus Ohio and would be interested in this! Have tons of investors for any real estate investment opportunities.
Post: Top 5 FAQs About Out-of-State Investing in Columbus Ohio ANSWERED! (Real Investor Q&A
- Real Estate Agent
- Columbus, OH
- Posts 2,184
- Votes 1,657
Are you considering investing in Columbus Ohio real estate from out-of-state but feeling hesitant? In this comprehensive guide, I answer the TOP 5 most common questions out-of-state investors ask before buying investment properties in Columbus.
As an experienced investor agent who has facilitated over $20 million in real estate transactions, I debunk common misconceptions and share insider knowledge about:
🏠Do you need to fly to Columbus for every property you're interested in?
🏠How to evaluate Columbus neighborhoods when you've never visited
🏠Conducting proper due diligence from thousands of miles away
🏠Building your team of reliable lenders, property managers, and contractors
🏠Handling closing documents without traveling to Ohio
Learn how my team at Swiss Realty helps bridge the gap for remote investors through video walkthroughs, neighborhood assessments, and connecting you with vetted professionals in the Columbus market.
Whether you're looking for buy-and-hold rentals, BRRRR properties, or short-term rental investments, this video provides the practical guidance you need to confidently invest in Columbus Ohio real estate from anywhere in the country.
Related Tags -
- BRRRR
- Buy and hold
- Flip
- Short Term Rental
- Mid Term Rental
- STR / MTR
- Out of state investing
- OOS investing
- Real Estate Education
- Real Estate Consulting
- Property Analysis
- Buyer Agent & Brokerage Representation
- Seller Agent & Brokerage Representation
- FSBO Property Sales & Marketing
- Property Management
- General Contracting
- New Construction
- Investor Financing
- Lender Financing
- Seller Financing
- Title Work
- Property Insurance
- Section 8 Consulting
Hit me up to talk or network about investing in the following markets!
- Cleveland, Ohio
- Columbus, Ohio
- Akron, Ohio
- Canton, Ohio
- Cincinnati, Ohio
- Dayton, Ohio
Post: Anyone have experience with buying a property with a POS?
- Real Estate Agent
- Columbus, OH
- Posts 2,184
- Votes 1,657
Quote from @Lara Gott:
Hi! First time investor here looking at finding my first property. I found a few homes that looked promising at first, but they said they require a POS inspection/certification. I'm in California and looking in Ohio, and this is something I am not familiar with. Anyone have experience with this? I'm looking to learn all I can, and appreciate any wisdom you would like to share.
Post: Looking Out of State
- Real Estate Agent
- Columbus, OH
- Posts 2,184
- Votes 1,657
Quote from @Krystan Menz:
Good Afternoon BP!
What would be some markets you would suggest getting into, starting out? Looking for SFH to start and build a portfolio from there. We currently live in Maine, and the Market here is not great, not a lot of opportunities for what we are looking for. Currently looking for turnkey properties where we can learn without the hassle and worry of rehabbing out of state.
Thank you in advance for any and all advice!
Hi Krystan, yes, when buying your investments from out of state, definitely focus on near turnkey, minimal work needed, something that will instantly cash flow right away, and has tons of upcoming appreciation/growth. 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: SPRINGFIELD, OH? Worth it?
- Real Estate Agent
- Columbus, OH
- Posts 2,184
- Votes 1,657
Quote from @Carlos Quiros:
What's in Springfield OH? I keep getting offers/investment opportunities from a realtor I know in the area.
Is the juice worth the squeeze there?
I currently own rentals in Columbus, OH
It depends on how the numbers look - how much cash flow we talking? What's the cash on cash return or cap rate of the investment deal? If it's a really good one, maybe worth considering. if it was an average deal, i would pass. You can still find deals that positive cash flow (aka hit the 1% rule) and have amazing appreciation in Columbus Ohio so I'd personally rather invest there. Happy to connect and answer any questions you have!
Post: right expectation on the return for cash flow properties in Columbus, Ohio
- Real Estate Agent
- Columbus, OH
- Posts 2,184
- Votes 1,657
Quote from @Runbang Tang:
Hi Everyone,
As a first time out-of-state investor, I plan to do out-of-state investing in Columbus, Ohio. I found that normal duplexes or SFHs in C area do have cash flow, but the numbers didn't seem worth investing. For example, a duplex (in 1920s) ~ 240k, $2600 total rents with 20k rehab and 5% vacancy, 8% management and 12% maintenance, 1.37% property tax, $960 insurance, 25% downpayment and 7.25% interest rate. The overall cash on cash return is only 5.73% (with principal is 7.84%). It's way below the average return of qqq (12.5%). I want to know in this case if it is still worth investing in Columbus Ohio or if there is anything wrong in my calculation/expectation. I found that the return will be more than 12.5% when the interest rate <5%. Perhaps I should wait till the interests go down? Please share your thoughts and experience and what are the right investments to look at Columbus Ohio. Thanks a lot!
Hi Runbang! When it comes to real estate investments, you can't look purely at cash on cash return because real estate is so much more than that - it is cash flow, appreciation, principal paydown depreciation, and depreciation. When you add in all of those returns, your yearly return is closer to 20% a year. With that being said, appreciation in Franklin County ranges from 7-10% a year based on a report I read recently - it's one of the fastest growing cities with some of the highest appreciation potential in the US.
In Columbus Ohio, you can definitely find the 1% rule and tons of positive cash flow here after PITI but it won't be the BEST cash flowing market. But if you're okay with netting a few hundred dollars a door after PITI and reserves, you'll definitely find deals here!
Additionally, it's one of the best appreciating markets in the US with tons of macroeconomics - population growth, job growth, and companies moving/developing here. So you're buying future appreciation over the next few years that will make the real estate 2-3x! Happy to connect and answer any questions you have!