All Forum Posts by: Lee Sanders
Lee Sanders has started 1 posts and replied 9 times.
Post: First time investment in Multi unit retail
- Developer
- Boston
- Posts 9
- Votes 12
Hi Kaushik
I agree with Jaycee's advice. I would also suggest researching the developer’s experience with similar projects. Past success is a good indicator of future performance. understand the risk if the project takes longer or costs more. Good Luck!
Post: Hello from Boston MA
- Developer
- Boston
- Posts 9
- Votes 12
Quote from @Samuel Diouf:
Welcome to Bigger Pockets, Lee!
These forums are a great place to learn and connect with fellow investors.
I’m an investor based out of Columbus, OH. The markets in Ohio are very favorable to home owners.
I’d be happy to connect and chat anytime!
Let's connect!
Post: Hello from Boston MA
- Developer
- Boston
- Posts 9
- Votes 12
Quote from @Brian J Allen:
@Lee Sanders, if you are interested in Worcester, I would be glad to help. I am an agent that does only investments in the area. I now have a full team with property management and contractors in place. As metioned above the property management is the key. Had this team been in place I would still have my own property.
Thanks Brian, I have been looking in that area. Let me know if you have anything in the range of $1 mil- 2.5 mil over 10 + units
Post: Hello from Boston MA
- Developer
- Boston
- Posts 9
- Votes 12
Quote from @Wale Lawal:
Welcome to BP!
To transition to multi-family properties, research landlord-friendly states like Texas, Florida, Tennessee, and Indiana with favorable eviction laws, lower taxes, and higher rental demand. Understand the multi-family market, scale up portfolio efficiently, focus on value-add opportunities, build a reliable team, stay informed, and engage with the community for support.
Good luck!
Great! Thank you!
Post: Hello from Boston MA
- Developer
- Boston
- Posts 9
- Votes 12
Quote from @Simon Ashbaugh:
Quote from @Lee Sanders:
Hello everyone! I'm new to the platform but have been investing in real estate for some time. I started with single-family homes and then moved on to condos, typically holding onto properties longer than I probably should. Now, I'm shifting my focus to multi-family properties, particularly in landlord-friendly states. My experience in Massachusetts, where it took nearly a year to evict a non-paying tenant, has made me more selective about the locations I invest in.
I am looking forward to learning and sharing insights with this community!
Hey Lee, Ohio's a great state for landlords but different cities offer different opportunities. If you're looking for steady rental income, Cleveland could be a solid choice. It's a market with a lot of potential for cash flow. On the other hand, if you're hoping for better appreciation, Columbus will be a better fit. The city is growing and the economy is strong so property values are on the rise.
Definitely looking for a steady income, I recently sold my portfolio of condos and would love to purchase a multi ASAP. I will take a look at Cleveland.
Post: Hello from Boston MA
- Developer
- Boston
- Posts 9
- Votes 12
Quote from @Min Zhang:
Welcome to Bigger Pockets Lee! It sounds like you've had quite the journey in real estate, sorry to hear about the tough eviction experience though!
I recommend checking Ohio, its a very beginner/landlord friendly state to get started. I started purchasing a small multifamily in Columbus, Ohio 2 years ago. Columbus is the only Ohio market that has seen rapid growth in jobs and population. I’d love to help and connect you with my team in the area. Let me know how I can help!
Great! I will definitely take a look there. Are there any realtors you suggest reaching out to?
Post: Hello from Boston MA
- Developer
- Boston
- Posts 9
- Votes 12
Quote from @Daniel McDonald:
Hey @Lee Sanders, welcome! I am just north of Boston. On my second house hack, I am hoping to scale beyond small multis soon.
We should connect, I am looking to build an investor club.
Post: Hello from Boston MA
- Developer
- Boston
- Posts 9
- Votes 12
Quote from @Brian J Allen:
@lee sanders the key is to have good property management, i had a 2 family I loved and sold it just to get away from the tenants. You need to start from the beginning thqt there are no deals, They pay they get a nice place that is it
Agreed!!
Post: Hello from Boston MA
- Developer
- Boston
- Posts 9
- Votes 12
Hello everyone! I'm new to the platform but have been investing in real estate for some time. I started with single-family homes and then moved on to condos, typically holding onto properties longer than I probably should. Now, I'm shifting my focus to multi-family properties, particularly in landlord-friendly states. My experience in Massachusetts, where it took nearly a year to evict a non-paying tenant, has made me more selective about the locations I invest in.
I am looking forward to learning and sharing insights with this community!