All Forum Posts by: Jimmy Lieu

Quote from @Devan S.:

Investment Info:

Small multi-family (2-4 units) buy & hold investment.

Purchase price: $532,500
Cash invested: $106,500

I just bought a duplex on 3rd Ave on the Columbus side of Grandview and am planning on living in one side and renting out the other.

Congrats Devan! House hacking is the BEST way to get into real estate investing and that's how I personally got started as well too. I would say that this is an amazing location and you're going to learn so much!

Quote from @Zack Whiting:

Hello Bigger Pockets Community! I am Zach, I work in construction in Toledo, Ohio. I joined bigger pockets to grow and scale my rental portfolio. Also to network and learn from like minded people. I currently own 3 houses (2 rentals) (1 primary). 

Welcome to BP! Ohio is a great market to be invested into as you can still find positive cash flow (aka the 1% rule) and tons of appreciation here! Keep crushing it!

Quote from @Zachary Luchs:

Hi, I am new to real estate investing and have narrowed down my markets to the Cleveland, Columbus and Akron. I am an OOS investor and looking for a team to help with my investments. I am looking for a property manager/management firm (ideally a firm that handles properties in all three cities so I can expand in the future) and a real estate agent that also deal with real estate investing (I need them to be able to understand/perform property analysis and not just throw every single listing at me). Please let me know if you have contacts/worked with people in the area in the past or if you your self are one of these. I would love to connect and talk about our goals and possibly making some deals. Thank you so much!

Hi Zach! Welcome to the Ohio market. I personally like Columbus Ohio more than the other two markets because Columbus is by far the fastest growing market in terms of population growth, job growth, and companies moving/developing there. The other two cities aren't really growing and are actually losing population. For me as an investor, I like investing in cities that are blowing up in terms of growth and appreciation. 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!

Quote from @Andrew Syrios:

The BRRRR strategy is tough these days (I even wrote an article about it that goes into more detail a little while back: https://www.biggerpockets.com/blog/beyond-brrrr-taking-advan...)

In short, high interest rates as well as labor/material costs makes it hard to buy a property with debt and cash flow. Not impossible, but much harder than before. By far your best bet are cheaper markets. Baltimore and Jacksonville are certainly better than say New York or San Francisco. But southeast and midwest cities (not including Chicago or Miami or most of Florida) are your best bet

Agreed! To do a clean BRRRR nowadays with the high interest rates are very very hard to do! Partial BRRRRs yes, but to do a clean BRRRR, definitely much harder.

Quote from @Dayana García:

Hi all! I live in Florida and willing to move to whatever city I can implement BRRRR estrategy, here in Miami doesn't seem possible. Was thinking about Baltimore, Maryland or Jasksonville FL. What do you guys think? Any suggestions and recommendations are very welcomed and appreciated!

I would recommend taking a look at the BRRRR model in a cheaper market like Columbus Ohio. My client recently got under contract on a BRRRR that is purchase price $245k, rehab is $35k, and the ARV is $350k. It will be a clean BRRRR and will be able to own the property free and clear after the cash out refinance. 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!

Quote from @Zalman Schurder:

I just made 150k and I'm looking to make a solid investment for maximum return in a short time.
I will need to pull out the money in about a year or so.

I am looking for something that will cashflow, not make money over time...

What can I do to invest it wisely?

Hi Zalman, I would recommend possibly looking into BRRRRing, flipping, or private money lending in this case especially since you need the capital back in the short term! Recommend taking a look at Columbus Ohio, there's still tons of positive cash flowing and amazing appreciation potential there :)

Quote from @Mitchel Quinn:

My name is Mitchel Quinn and I would like to get a good foothold in the door of real estate to get on the right path and stay there. My girlfriend and I have been looking at properties over the last couple of months due to life situations changing and having a decent chunk of change saved for a down payment. We walked through a property that we went into thinking we were not going to like it and we ended up loving it and jumping on it pretty quickly after because the seller was getting other cash offers and the price/location/set-up of the property just fit our situation well. The price we thought was very reasonable in this current market based off the other properties we have seen prior to that with similar layouts. We would be incurring the tenants in one half and would live in the other half ourselves. Currently we are finalizing paperwork and figuring out what insurance we need and just trying to figure everything out all at once. I would love to just put my mind at ease with a little more knowledge and pointers as to how we can start out as strong as possible. Thank you for your time.

Congrats Mitchel!  House hacking is the BEST way to get started in real estate investing! Stoked for you and your journey to financial freedom. See you at the top!

Quote from @Lledenhia Romero:

i want to buy rental property in cities very good return using my sdria and also have property also looking for pm to manage it can anyone help me

If you're looking for a city with very good returns, 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 Intel headquarters, Amazon, FB, LG, Google, Anduril, Nationwide, Ohio State University, and many of the other companies developing here! Additionally, you can still find properties for 120-180k that will positive cash flow and hit the 1% rule. Anything you buy in the Columbus Ohio market is currently blow up in terms of appreciation growth so it's one of those markets you want to hold the real estate for the rest of your life. Happy to connect and answer any questions you have.

Quote from @Christine Vasquez:

Hello all! 
I live in LA, and have a rental here as well. It has become too expensive to invest in another rental at this point. Looking for recommendations on states I can look into for a potential new investment. Long term/ short term rentals would work, ideally in the $400k range or lower. Thanks in advance for the help, open to any ideas. 

Hi Christine! I moved from Portland, OR to Columbus OH for this exact reason! I strongly recommend looking into Columbus Ohio. You can get multiple rental properties for under the 400k range here. There are still a lot of deals that are anywhere from 120-180k and multifamily typically starts around 200-250k. So you get way better bang for your buck and there is still positive cash flow and deals that hit the 1% rule. 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). Anything you buy here will EXPLODE in terms of appreciation/equity. Happy to connect and answer any questions you have!

Quote from @Josh Abbey:

I'd like to purchase my first property and get the process started. I'm a newbie with a good grasp on the investment process but am a little discouraged with what's availabe in my immediate area of Denver. I'm interested in investing and have a small chunk of cash for a down payment but don't know where to look outside of Denver. I'm very familiar with home design, construction, and navigating zoning and building permitting challenges (if that helps!). Looking to build a team!

Hi Josh, I was in the same boat as I'm from Portland Oregon and moved to Columbus Ohio to start my real estate investing journey (all the way back in 2021). If you are looking for another market to invest into, 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, 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!