All Forum Posts by: Marc Rice
Marc Rice has started 3 posts and replied 1807 times.
Post: Beginning Phase of Wholesaling
- Real Estate Agent
- Columbus Cleveland Dayton, OH
- Posts 1,875
- Votes 1,835
Quote from @Wesley Robinson:
Greetings everyone, my name is Wesley Robinson. Graduated from UNO in Marketing/Business and I'm looking to establish myself in the real estate realm. I plan on starting with wholesaling to get some available capital & experience in going through the processes. I have 2 1/2 years of sales experience from working at a credit union as a consumer lending advisor. Looking forward to connecting with some professionals within the business and cash buyers.
Welcome! Becoming an investor friendly realtor really helped kickstart my career.
Post: New Real Estate Investor from Layton, UT
- Real Estate Agent
- Columbus Cleveland Dayton, OH
- Posts 1,875
- Votes 1,835
Quote from @Jason Reeder:
Hello everyone,
My name is Jason Reeder. I'm new to real estate investing. I've owed prior rentals but didn't understand how to operate those rentals effectively. I'm looking to acquire the knowledge, skills, application, and network to be successful with real estate investing. Looking forward to a prosperous journey. Have a great day!
-Jason
Welcome! The rental software is great now. I started with Cozy/apartments.com and then switched to Buildium (which is a little too confusing but scales nicely). TenantCloud is a good simple middle ground too! Welcome back!!!
Post: Advice for time share seller
- Real Estate Agent
- Columbus Cleveland Dayton, OH
- Posts 1,875
- Votes 1,835
Quote from @Maile Winward:
Quote from @Marc Rice:
Quote from @Maile Winward:
Aloha all,
I’m currently getting into the real estate world and have come across someone who has requested my help with her problem. Naturally I want to help everyone I can as that’s how I feel we truly become successful. However have no idea about the time share game (nor do I want to get into it).
I was hoping someone in the thousands of people here could provide me with some insight, reliable resources, or best yet a credible person in Hawaii that I could direct this client to.
I appreciate any and all help!
aloha 🌺
I would look up recent sales of timeshares and connect with those agents/brokers who did those deals.
@Marc Rice thank you for the advice
No problem!
Post: Networking with Investors & Lenders
- Real Estate Agent
- Columbus Cleveland Dayton, OH
- Posts 1,875
- Votes 1,835
Quote from @Shaleaha Flowers:
Quote from @Marc Rice:
Quote from @Shaleaha Flowers:
Hi All, My name is Shaleaha, I’ve been studying Real Estate since February of 2022, and enrolled to a paid mentorship. I’ve also read books such as Think and grow rich, The Millionaire Next Door & Rich dad poor dad which then inspired me to start my own business to gain financial freedom and build great relationships with other people. I am also new to this incredible resource Bigger Pockets Community. More importantly, I am looking to start networking with investors, investor friendly real estate agents and attend networking events to enhance my portfolio. My goal is to invest in fix and flips to build a rental portfolio and/or buy property to perform a complete renovation and put it back on the market within 6 months. I’ve learned while being mentored, in order to thrive successfully in my goals, it’s all about networking and solid connections. I’ve written out a Business Plan for 2023 to make sure I am staying focused and aligned with the core values of planning, finding deals, analyzing the deal, get funding and staying motivated. I would love for a seasoned investor/lender to review it and give thoughts and/or recommendations. Thank you for reading. I look forward to hearing from you.
Best of luck! Buying a 2-4 unit house hack is a great way to get started with only putting 3-5% down. Ask your lender about the HomePossible 5% down 2-4 unit loan program, FHA 3.5% down loan program, and call around until you find a bank who can do a 2-4 unit portfolio loan for 3-5% down with no PMI (some of these portfolio loans require you to be a first time home buyer).
If you have any questions I'm happy to help. Make sure to find a good investor friendly realtor who owns property themselves.
Thank you for your encouraging words. I reached out to some lenders today to request a one on one to see my options. I will definitely mention the options you suggested. I also had a meeting with an investor friendly realtor today and it was incredible. I think we’re off to a good start and heading in the right direction. Thank you for the open door policy. I will keep you posted on my progress. Thank you again.
Great news!
Post: Reno costs on a fully gutted 3/1?
- Real Estate Agent
- Columbus Cleveland Dayton, OH
- Posts 1,875
- Votes 1,835
Quote from @Pete Milenkovich:
I’m looking at a deal today I’m hopeful I can wholesale. It’s a 2BR/1BA just under 1100 sqft but can be easily converted to a 3/1. It’s currently gutted to the studs and needs all new mechanicals. I’m not sure how to estimate repair costs on a house like this as I’ve never actually done a flip before myself. Is this a deal that should be estimated with a generalized price by sqft or a different way? Let me know! Thanks
Post: MTR Tenant Not Vacating Property - Next Course of Action?
- Real Estate Agent
- Columbus Cleveland Dayton, OH
- Posts 1,875
- Votes 1,835
Quote from @Alex Schober:
Hey all, relatively new landlord here. I've been renting my house to a family for the last three months and their lease ended at the end of March. I am reverting back to a STR strategy, with the next guests arriving this coming weekend.
The problem: the guests are demanding to stay until the end of next week, citing a clause in the lease that they have 15 days "to correct the violations of the lease", which she has interpreted as allowing her to stay 15 more days.
Has anyone dealt with tenants that have literally overstayed their welcome? At what point should I get lawyers or even law enforcement involved? I'd like to avoid getting messy, but I may not have a choice if she continues to stay.
P.S. If any investors are in Columbus and recommend good legal counsel for landlords, I'd appreciate it!
-Alex
Reach out to an attorney to begin the eviction process and explain to the guest/tenant that the eviction will be permanently on their record if they don't vacate. You could also just offer them $250-500 cash for keys and take the learning lesson.
Post: What is a good investor friendly broker in the Atlanta area for an agent
- Real Estate Agent
- Columbus Cleveland Dayton, OH
- Posts 1,875
- Votes 1,835
Quote from @Thy Pham:
I recently renew my real estate license for investing and want to see what broker is investor friendly ( in the Atlanta, GA area) and can help with the guiding an agent with paperwork initially. I plan on doing real estate as a part time but more so for investment
You should join the local investor facebook groups or REIA there and network with good brokerages who are closing investment deals.
Post: Carlisle PA NEW INVESTOR
- Real Estate Agent
- Columbus Cleveland Dayton, OH
- Posts 1,875
- Votes 1,835
Quote from @Neil Bingaman:
Hello BP community. Are there any real estate investor minded realtors in here or that someone can recommend for the Carlisle PA area? I'm new to investing and looking to get started. I have seen a property or 2 that seem like they could have potential to me but I don't know much about that market and am looking to bounce some ideas off of someone or make some possible contacts for future investments.
Search for facebook groups for that city or surrounding cities. There are good meetups all over.
Post: Purchasing very old homes in Milwaukee: Good or Bad Idea?
- Real Estate Agent
- Columbus Cleveland Dayton, OH
- Posts 1,875
- Votes 1,835
Quote from @Kollin Ruiz:
Hi all,
I am wondering if I can receive some advice from experienced investors when it comes to purchasing older homes in the Milwaukee area. Obviously, there are a lot of homes in Milwaukee that are very old. However, should I not consider purchasing properties that are past a certain age? For example, should I consider a property built in 1900 to be too old to not have any major defects? Also, what is your experience with how easy it is to sell these older homes when you want to liquidate? Thank you in advance for any advice!
Most homes I see in my local market are 1920-1945. Just be cautious of the basement, joists, knob and tube electric, galvanized plumbing, lead toilet elbows, termites, lead based paint, etc.
Post: opinion about this offer
- Real Estate Agent
- Columbus Cleveland Dayton, OH
- Posts 1,875
- Votes 1,835
Quote from @Brechman Dieujuste:
Hello Bigger pocket Community,
I am looking to buy my first real estate investment in ohio Cleveland. the deal i found is 60 unites of multiple properties with seller financing. I would like to have your thought on how i can approach that deal? what should i do or the step to take as new investor out of state? thank you in advance
Why not just do a 2-4 unit seller finance deal first to start?