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All Forum Posts by: Marc Rice

Marc Rice has started 3 posts and replied 1737 times.

Post: Out-of-State - Ohio Section 8 Housing

Marc Rice
Posted
  • Real Estate Agent
  • Columbus, OH
  • Posts 1,802
  • Votes 1,795
Quote from @Danielle B.:

I'm looking to get involved in Section 8 housing out-of-state - in OH. For those who are running successful Section 8 businesses out-of-state, did you start in just 1 state or if the opportunity made sense would you purchase the property regardless of the state?

Self-proclaimed Section 8 guru's online claim to do the latter and then find Property Managers after they purchase the property in whatever state, but I don't know how real that is.


 It's hard enough to find 1 good property manager you align with, let alone 1 per state. I'd start and scale in one market first before moving on.

Post: Best Growing Markets To Invest In

Marc Rice
Posted
  • Real Estate Agent
  • Columbus, OH
  • Posts 1,802
  • Votes 1,795
Quote from @Jerry Zigounakis:

Their are a few out of state properties I am looking into. Just wondering what tools others use to analyze different markets to invest in like Growth, Economy, Neighborhoods, etc.


 Rent to price ratios, # of new building permits vs new residents.

Post: Expanding to Columbus, Ohio - Looking to Connect!

Marc Rice
Posted
  • Real Estate Agent
  • Columbus, OH
  • Posts 1,802
  • Votes 1,795
Quote from @Charles Masten:

Good afternoon BiggerPockets family,

I hope everyone’s 2025 is off to a fantastic start! Reflecting on the past year, I’m incredibly thankful for the opportunities I’ve had and excited for the journey ahead. 

In 2024, I focused on the Charlotte, NC market, completing 21 deals in my first year of taking consistent action. These included cash buys for flips, seller financing, and subject-to deals. For those just starting out: keep taking consistent action and small steps. Momentum builds over time, and I promise things will start falling into place.

This year, I’m expanding into Columbus, Ohio! My wife and I plan to purchase a few properties ourselves, but with the lead generation strategies I’ll be implementing, I expect to come across more deals than we can personally handle.

That’s where you come in! I’m looking to connect with other investors and buyers in the Columbus area. Whether you’re looking for creative financing opportunities or cash deals, I’d love to bring you potential deals that align with your goals. I’m actively working on agent outreach and direct-to-seller approaches and would love to collaborate or learn more about your investing criteria.

This community has been such a tremendous resource for me, and I’m eager to give back by helping others find great opportunities in Columbus. Let’s connect, share insights, and grow together!

Feel free to reply here or DM me—I’d love to learn more about your investing strategies and see how we can help each other succeed.

Wishing you all a successful and prosperous 2025!


 I'd be intersted in connecting on closing excess or helping you find deals to buy. Let me know!

Post: 203k Rehab Contractors

Marc Rice
Posted
  • Real Estate Agent
  • Columbus, OH
  • Posts 1,802
  • Votes 1,795
Quote from @India H.:

Hey. I'm considering buying a home with an FHA 203k loan. I'm looking for some reputable and certified 203k contractors in the Dayton, OH area. I've looked on the 203k contractors website and there's not very many. Any recommendations?


 I have good licensed GCs there but idk if they want to deal with 203k paper work. Could you do hard money instead?

Post: New Rental Property Purchase - Out of State

Marc Rice
Posted
  • Real Estate Agent
  • Columbus, OH
  • Posts 1,802
  • Votes 1,795
Quote from @Shayan Sameer:

Hello,real estate investors,

I have a question for those with experience pulling home equity to fund new investments. I'm considering tapping into the equity from either my primary residence or rental property to purchase another rental home that generates solid monthly cash flow.

I'm open to investing out of state and have heard that areas like Ohio, Tennessee, Georgia, and North Carolina offer potential opportunities. However, I'm unsure of the specific areas within these states to target. For example, if I were to invest in Columbus, Ohio, could anyone share their insights on which neighborhoods or parts of the city offer good returns?

My goal is to ensure that I hit the 1% rental return per month. My budget for the property is up to $200K.  Is that enough?  I reside in FL, so I would like to purchase in neighboring states if possible, but I heard Ohio is a great market.   

I'm open to all suggestions and ideas! Looking forward to your recommendations.


 For max $200k you can really only afford Hilltop, Franklinton, Linden, Driving/Deshler Park, Whitehall. And will be limited to really beat up duplexes or 2bd/1ba per a side duplexes. 

The best strategy is to buy properties that need fixed up with hard money/HELOC, fix them up, the refi out to pay back your HELOC/hard money.

Post: Contractor recommendations in Columbus

Marc Rice
Posted
  • Real Estate Agent
  • Columbus, OH
  • Posts 1,802
  • Votes 1,795
Quote from @Alexandra Feig:

Hi all,

About to close on a property in Columbus and seeking some contractor recommendations!  


 Happy to send over some referrals - some are better for big rehabs vs small cosmetic vs subcontractor only projects. I can message you.

Post: Questions From a first time Investor

Marc Rice
Posted
  • Real Estate Agent
  • Columbus, OH
  • Posts 1,802
  • Votes 1,795
Quote from @David Young:

My wife and I are new to this and are saving for our first property our goal is to start looking for properties in November 25, we have a couple questions, would it be wise to invest out of state for our first time investment (we do plan on physically going to see the properties to potentially invest in) ? where can we find places-websites to analyze areas that will provide positive cash flow? Would it be wise to use a HELOC on our current residence to use for a down payment on a new property


You can make $ investing anywhere. Out of state offers lower price points and more landlord friendly areas in general (i.e. Ohio/midwest). Downsides is you have less of your feet on the ground and really need to trust and verify all vendors. I like the idea of using a HELOC for value add projects where you can refi in 12 months to pay back your HELOC.

Post: Best Area For Starting Out

Marc Rice
Posted
  • Real Estate Agent
  • Columbus, OH
  • Posts 1,802
  • Votes 1,795
Quote from @Kaleb Johnson:

Hey guys, I am a real estate agent looking to get into property investing. I was wondering what are some good areas to look into for investing. I live in Upstate New York but i was thinking of areas more out west or down south. Thanks!


 Network with your local market experts and see how people are making $. Or look in the midwest (i.e. Ohio).

Post: How did YOU get into your first commercial multifamily deal?

Marc Rice
Posted
  • Real Estate Agent
  • Columbus, OH
  • Posts 1,802
  • Votes 1,795
Quote from @Brandon Cormier:

Hello all! I am an investor friendly agent, and an investor myself in small residential multifamily in central MA. I have had my eye on 5-20 unit multifamily for a while, as I see it much more controllable and predictable way to go about a real estate deal. This year id love to partner with some people in the area and make the jump into my first commercial deal.

What challenges have you seen in the commercial space vs smaller residential multifamily?

What are people seeing for terms nowadays in different areas?

What are some pros and cons of commercial real estate?

What are the most recomended ways to go about targeting off market commercial or portfolio deals?


Harder to cash flow due to 25yr am vs 30yr standard. Less liquidity. More relationship underwriting with local banks.

7% interest, 25yr am, 20% down

Easier to scale, easier to manage. Harder to liquidate, amplified results if you fail, and cash flow less.

Pull a list and cold call, or develop relationships with brokers.

Post: HELOC referral for an investment 4plex residential building in Ohio?

Marc Rice
Posted
  • Real Estate Agent
  • Columbus, OH
  • Posts 1,802
  • Votes 1,795
Quote from @Susan Tan:

Do you have any favorite HELOC lenders in Cincinnati, OH, USA? I need to find a HELOC loan for a big capex repair & garage conversion at a 4-unit building in Cincy, OH that I'm managing out of state.


Wright Patt Credit Union has high LTV.