All Forum Posts by: Jimmy Lieu
Jimmy Lieu has started 97 posts and replied 2097 times.
Post: I'm looking for a team for my Investment Properties in Seattle
- Real Estate Agent
- Columbus, OH
- Posts 2,177
- Votes 1,653
Quote from @Muhammad Danish:
Hey everyone, I'm Danish Mohamed. I am new to BiggerPockets, and I'm also new to real estate investing in the United States of America. I came to the United States from my old country, Vietnam, around four years ago, and I am blessed to have some extra funds to invest in the BRRRR strategy of real estate in the Seattle and its surrounding markets.
At first, I initially looked at the Cleveland market as well, but the anxiety built up in me because of the fact that I'm out of state, and obviously, Washington and Ohio are not really close. And especially for my first deal in the United States, it made me anxious.
(I would love to hear some professionals give me unbiased perspective between Seattle and Cleveland market)
So I decided, you know what, I will try to stick to the Seattle market where I am staying to see how it goes.
I would love to build a team or network with real estate professionals in the Seattle area, like a real estate agent who knows a lot about investment properties and the nuances of the Seattle market.
Even though I have done my homework for the past two years, I also want to connect with a property manager who specializes in Section 8 rentals because I'm planning to rent it out to Section 8 after I rehab the property.
Additionally, I would love to connect with some hard money lenders in the area or those who have a footprint in Seattle, Washington, that are investor and beginner-friendly.
Although this is my first time doing deals in the US, when I was in Vietnam, I did something quite similar to the BRRRR strategy, but in my home country. And that's also where I get the fund from, liquidating the one in Vietnam :)
Obviously, the market nuances are different, and everything is different, but I would say that I do have some indirect experience, and I just want to get my first deal done in the United States.
Most Importantly, I also want to connect with a general contractor who specializes in rehabbing.
So yeah, I would love to connect with people in those professions. Feel free to reach out to me directly instead of posting if you would love to network.
Thanks, all.
Hi Muhammad, I'm actually from Portland OR and have been to Seattle over a dozen times and moved to Columbus Ohio about 4-5 years ago to start my investing journey! There's tons of differences between the two markets. Seattle and anywhere in the west coast is wildly overpriced but Ohio is so much more affordable (i can only speak on Columbus as this is where I moved to). In Columbus Ohio, 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, Nationwide, Anduril, etc.). You can still find positive cash flow (aka the 1% rule) and amazing appreciation potential. Happy to connect and answer any questions you have.
Post: First Deal in Need of Second Opinion
- Real Estate Agent
- Columbus, OH
- Posts 2,177
- Votes 1,653
Quote from @Brendan Lim:
Hey everyone,
I'm a first time real estate investor looking to close my first deal in Columbus, OH. I've got a lot of conflicting ideas bouncing around in my head, and I'm afraid I'm falling into analysis paralysis.
Are there any experienced real estate investors in Columbus, OH who would be interested connecting?
I know that real estate is super specific to the locale, and I'd love to hop on a quick call with someone who has context in the Columbus market.
Without digging too much into the details, I'm under contract for a duplex in the Franklinton area. The units are pretty much turnkey, but my analysis shows that the property will barely break even. In short, this would be an entirely appreciation-based investment.
Given the state of the economy today, with high interest rates and the seller-buyer lock out effect, I want to discuss the pros and cons of this investment at length, specifically in the context of all the other properties / neighborhoods that I have been evaluating.
I feel that I don't have enough experience to know if I could do better or worse. At the same time, I feel that time is against me. People always say the best time to invest in real estate was last year.
Congrats on getting under contract! Real estate investing isn't a black or white answer and there's many ways to invest here whether by cash flow or appreciation. I would say most of my clients who invest here are looking for the extremely high appreciation potential, which you will get when investing here. In Columbus Ohio, 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, Nationwide, Anduril, etc.). Happy to connect and answer any questions you have.
Post: Recommendations for first time out of state investing
- Real Estate Agent
- Columbus, OH
- Posts 2,177
- Votes 1,653
Quote from @Peter Mastrorocco:
Interested in hearing responses as well. In a similar situation in NY.
Would love to hear any experiences in more investor friendly markets like Florida, Alabama, Ohio, Georgia, etc.
Moved from Portland OR to Columbus Ohio to real estate invest and it's been the best decision I've ever made lol
Post: Should You Avoid Older Homes? Columbus Real Estate Investor Explains!
- Real Estate Agent
- Columbus, OH
- Posts 2,177
- Votes 1,653
Worried about investing in older properties in Columbus? In this video, I break down why an older house doesn't automatically mean a bad investment - and how to turn it into a profitable opportunity!
Learn the crucial differences between two types of older properties:
✓Properties with 30+ years of deferred maintenance
✓Well-maintained older homes with consistent updates
Discover what smart investors look for when evaluating older properties:
✓ Electrical systems (knob and tube vs updated)
✓ Plumbing conditions (cast iron vs modern)
✓ Roof integrity
✓ Foundation status
✓ Major mechanical systems
✓ Renovation budget considerations
As a Columbus real estate investor, I'll show you exactly how to evaluate older properties and protect your investment through:
✅Working with an experienced investor agent
✅Utilizing inspection contingencies
✅Getting proper contractor estimates
✅Understanding renovation budgets
#RealEstateInvesting #BuyAndHold #RentalProperties #PassiveIncome #RealEstateBeginners #CashFlow #FinancialFreedom #investmentproperties
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: Canadian Wanting To Invest In The US Market, Is Ohio The Right Fit?
- Real Estate Agent
- Columbus, OH
- Posts 2,177
- Votes 1,653
Quote from @Hai Loc:
Columbus better then Cincy
I watched Columbus grow from 2014 onward. Construction on the 71 by the 270 in Grove City.. Owned trailer parks for almost a decade
Yessir, Columbus is on fire right now! If you drive through Columbus, you see construction cranes and development happening EVERYWHERE!!!
Post: Recommendations for first time out of state investing
- Real Estate Agent
- Columbus, OH
- Posts 2,177
- Votes 1,653
Quote from @Zeina Awad:
Hello BP team,
How are you all? Hope all is well. I am looking to invest outside of California for the first time. I am looking to rent and hold (purchase a rental income property). Any recommendations for which cities and dates to look into as a starter? Would appreciate the insure.
Hi Zeina, my answer would be to look into Columbus Ohio as your next real estate market (many Californians invest here as well). 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, 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!
PS - the best time to invest in real estate was yesterday, the second best is today! Happy investing!
Post: Trying to switch property managers but existing one won't respond
- Real Estate Agent
- Columbus, OH
- Posts 2,177
- Votes 1,653
Quote from @Drew Clayton:
I need advice on how to handle the transition my long-term rentals to a new property manager when my current one won't return calls, emails, or texts.
After a year+ of unreliable management, I finally decided to switch to a new company. The current PM had delayed two months of rent payments with all kinds of excuses (that is when he did reply, which was rare). Per our signed agreement, I gave him 30 days notice of termination of his services via email and asked him to remit all outstanding payments and documentation (he hasn't delivered an owner's statement since June of '24) and assist with the transition to the new PM company.
He responded to one text a couple weeks ago when I asked for an update on the transition saying he hadn't received notice from me or heard from the new PM. The new PM has repeatedly tried to contact him with no response. He's also contacted the tenants with notice of management change, but they say they won't work with him without notice from the current PM to confirm it's legitimate.
I only have the lease and contact info for one of my two properties. The PM never sent me the other, despite numerous promises to do so, so I don't know the name or contact info of that tenant.
I'm an out-of-state owner. The properties are in Columbus, Ohio.
The 30 days of notice ends on Feb 27. I need to get this existing company out of my life.
Open to all suggestions.
Hi Drew, happy to refer you over to my investor friendly PMs here in Columbus Ohio - they are the best in the business and super responsive/communicative and have done an amazing job for both me and my clients! In regards to not replying, I would recommend reaching out to the Ohio Division of Real Estate (as they have to be licensed to be a PM).
Post: Agents Specialized in Finding STR
- Real Estate Agent
- Columbus, OH
- Posts 2,177
- Votes 1,653
Quote from @Kwanza P.:
Hi,
I'm looking for recommendations for agents you've worked with who specialize in finding STR (or MTR) properties. So they're not just a realtor, but they have a track record in identifying markets (they know the regs) and properties.
I’m especially interested in connecting with anyone with experience in:
-California, Ohio, Alabama, Texas, Washington DC.
Thanks!
Kwanza
Hi Kwanza, Columbus Ohio is the market for STR/MTR - just helped a client close on a deal that is $245k purchase price, $35k rehab, and $330-350k ARV that will be making low-mid 3k a month as a MTR. Columbus is a great market for STR/MTR because 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 (plus SO MANY HOSPITALS FOR TRAVEL NURSES)! Additionally, you can still find properties for 120-180k that will positive cash flow and hit the 1% rule. Happy to connect and answer any questions you have!
Post: I am searching looking for a real estate investment property
- Real Estate Agent
- Columbus, OH
- Posts 2,177
- Votes 1,653
Quote from @Voley Martin:
I am a new pro member. My plan is to buy something in the next 90 days to a year that I can cash flow at least $100 a month after all expenses are accounted for; i.e. property management, taxes, insurance, cap expendetures etc. What are some of the best markets to get started in? colombus/springfield OH seems at least somewhat promising to me.
Hi Voley! I would recommend Columbus Ohio! You can definitely get better returns than $100/mo here (typically have seen deals anywhere from $100-300/mo net cash flow AND amazing appreciation). The macroeconomics are on fire here - population growth, job growth, and companies moving and developing here. For example Intel headquarters, Google, FB, Amazon, Nationwide, Honda, (recently Anduril announced another 4k jobs to Columbus). Additionally, the price point is still cheap enough to find the 1% rule and positive cash flow and there's amazing appreciation potential. 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: Real estate investor
- Real Estate Agent
- Columbus, OH
- Posts 2,177
- Votes 1,653
Quote from @Sankalp Godugu:
Hi there! I’m a real estate investor looking to purchase his first multi family rental property in the city of Columbus, Ohio! I’m looking for actionable steps with hard numbers to find that deal, make that first decision.
Hi Sankalp, I'd be happy to help! First step would be to work with a good investor agent, second step would be getting preapproved so you know what's within your budget for your debt-to-income ratio, and third step is working with your agent to build out the rest of your time and finding a great investment deal! Where are you currently at in the process?
With that being said, great choice looking at 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, Nationwide, Anduril, etc.). You can still find positive cash flow (aka the 1% rule) and amazing appreciation potential. Happy to connect and answer any questions you have!