All Forum Posts by: Marc Rice
Marc Rice has started 3 posts and replied 1809 times.
Post: When can I start deducting short term rental expenses?
- Real Estate Agent
- Columbus Cleveland Dayton, OH
- Posts 1,877
- Votes 1,837
@Padric Lynch
I am not a CPA but Section 179 expenses is what you want.
Post: Which banks can finance Investment Properties under 100k?
- Real Estate Agent
- Columbus Cleveland Dayton, OH
- Posts 1,877
- Votes 1,837
@Melanie Daigle
Would love to be of help in Columbus on your search. Chris and I work together a lot for out of state investors!
Post: Property Management in Cincinnati - Year 21
- Real Estate Agent
- Columbus Cleveland Dayton, OH
- Posts 1,877
- Votes 1,837
@Sitaram Koppaka
Good luck! I’m sure fellow agents from Cincy can assist.
Post: In the first stages of getting to my goal. Feedback
- Real Estate Agent
- Columbus Cleveland Dayton, OH
- Posts 1,877
- Votes 1,837
@Libby Burroughs
Best of luck! I’m down in Columbus if you ever have any questions.
Post: Best cities to invest in (Multifamily)
- Real Estate Agent
- Columbus Cleveland Dayton, OH
- Posts 1,877
- Votes 1,837
Originally posted by @Bastian Kneuse:
@Marc Rice Why are you so bullish on multifamily in Columbus, OH? I am not saying it is a bad market, but just curious about your rationale.
As an investor, agent, and seeing the growth first hand since 2015 here in Columbus, it continues to grow with great appreciation and cash flow. The barriers to entry are very low here with homes starting at $50k and multi-family around $100k. Overall it is just a great growing market with lots of companies moving here and a strong education system as well.
Post: New to BP in Columbus, Ohio
- Real Estate Agent
- Columbus Cleveland Dayton, OH
- Posts 1,877
- Votes 1,837
@Cynthia Pochatek
You should do an owner occupied house hack. If your a first time home buyer you can get a 1% down loan on a single family and rent the bedrooms out. Or if you want a duplex you can do 3% down on that.
Post: Kitchen Cabinet Quality
- Real Estate Agent
- Columbus Cleveland Dayton, OH
- Posts 1,877
- Votes 1,837
@Curt Bixel
You could go to the Habitat for Humanity Restore and get cheaper durable cabinets and paint them. Formica/laminate tops are standard for C class neighborhoods. Dishwashers are nice but an amenity there.
The cheaper you go the cheaper tenant you’ll attract. You could go mid grade with decent level finishes and get a more stable tenant. There is a large fixed cost with any cabinet install, so spending and extra few hundred bucks to actually make the kitchen great could be worth it.
Post: Out of State Rental Property
- Real Estate Agent
- Columbus Cleveland Dayton, OH
- Posts 1,877
- Votes 1,837
@Mike Oz
I think you can find something in the $75-100k range in a C class neighborhood that can rent for around $800-900/mo. Happy to help you on your search and connect you to local lenders.
What’s your timeline? Have you already received preapproval from a lender?
Post: COLUMBUS OHIO IS ON FIRE 🔥 🔥
- Real Estate Agent
- Columbus Cleveland Dayton, OH
- Posts 1,877
- Votes 1,837
@Michael P.
Columbus is popping off. The amount of flippers, BRRRRers, and owner occupants seems to be only increasing. There’s a lot of neighborhoods on the rise as well with new developments popping up. It’s a great appreciation and cash flow hybrid market.
Post: Best cities to invest in (Multifamily)
- Real Estate Agent
- Columbus Cleveland Dayton, OH
- Posts 1,877
- Votes 1,837
@Zaid Bender
1. Columbus, OH
2. Columbus, OH
3. Columbus, OH