All Forum Posts by: Jon Blackburn

Hi folks - wasn't sure whether this should go in Columbus or Dayton forum. I am looking at an occupied multifamily in "downtown" Urbana that after some light work should hit the 2% rule. But I'm from Columbus and know nothing about the area. Is it a worthwhile area to be in if you have a cash flowing property? Is the recent shutting down of Urbana University going to have adverse effects on the local economy? Thanks!

Hi Folks,

I’ve got eyes on a property that will likely hit 2% rule after some light fixing up, in “downtown” Urbana. But I’m from Columbus area and don’t know much about Urbana. Is this a good area to be investing if you can find a property that cash flows? Does the university shutting down permanently affect things adversely?

Thanks all!

@Natalie Kolodij Thanks! Now I just need to figure out if it’s worth it...was reading you can self identify as a fund, but only under a partnership or corporation. As someone looking to get started wIth BRRRR, I’m wondering if that makes things harder than going the individual route with conventional financing.

Do you have to put the gains into a "fund" or can you invest on your own within an opportunity zone?

I’ve seen some posts on using stock proceeds, without a tax hit, to invest in real estate. I can’t tell if my situation is different, though, so thought I’d ask. My employer gave me shares of company stock (company is owned by private equity firm, not publicly traded). When the company is sold to another firm, I’ll receive the value of the stock. I’ve never been through this before...is my capital gain the entire sum of money since I’ve invested none of my own funds? Is there a way to invest all/most of the money into investment properties and delay paying taxes? I’ll obviously consult a tax professional soon, but figure others on BP may have crossed this bridge already!

Hello BP! First time poster from Columbus, Ohio...listener to the podcasts for about a month now. Don't know a ton about real estate (yet), but looking to be able to financially get started investing in the next 6 months. Reading as much as I can until then.

Thinking I want to get into buy & hold investing with SFH or small multi-family, as a start. Would love to connect with forum members, especially anyone local to chat real estate with.