All Forum Posts by: Marc Rice

@Austin Shade

The Midwest and Ohio in particular is a great place to invest to achieve higher returns than out west. If you’re paying high rent in California now it also could be smart to get a low 1-5% down 1-2 unit in California and start eliminating rent you could then use those savings to buy homes in the Midwest. Columbus, OH is a great market to be in!

@Ravi Ramphal

Abundance mindset, so many opportunities out there!

@Daniel Fridrij

It's $99 to file a new LLC through the Secretary of State. A statutory agent needs to be someone who is a resident of Ohio. If you find a CPA or lawyer here to help with your filing they can be your statutory agent.

You'll need to talk to a lender. I think if it's non owner occupied its below 40% but they could use the income from the vacation home to your DTI.

3.75% is cheap for an investment property loan.

Throughout the midwest you'll find strong cash flowing properties. In Columbus, Ohio you can find 1% rules throughout and a very low price entry point. No matter where you invest its critical to have a local team of agent, lender, property manager, and contractors.

@William Huston

Try to shop some local sellers of stainless appliances. You’ll probably pay the same amount as new white standard ones

@Jackson Hartman

Excited for making this a short term rental. Definitely going to beat market rents!

@Cody McVay

Congrats! For me getting my license and learning under a mentor helped me grow my business and my real estate acumen. There are many paths to go in to continue to grow your rental portfolio/experience. No answer is the right way. Go whichever path you feel most natural to you.

@Anthony Mirabile

I’ve heard great things about Kettering, sounds like it’ll be a nice fixed up property!