All Forum Posts by: Najma Osman

Hi @Mayuresh Kshirsagar, 

Welcome to the world of real estate investing! It's good to hear that you've jumped in with your two duplexes in Austin, even though they haven't worked out as planned. Starting out is the hardest part for most. 
While Cleveland, Austin, and Peoria are all good markets, I'd recommend considering Columbus, Ohio, as well. Cleveland is a better market for cashflow but Columbus offers a stable and growing market with a strong rental demand, and diverse economy. I'd be happy to help you explore opportunities here and provide more detailed insights. Feel free to reach out!

Hi @Hughston Thackham, 

It's beneficial to look at other markets with stronger appreciation or higher returns. I invest locally because I am fortunate to live in an affordable, thriving real estate market but I also have experience working with investors from out of state and even internationally. One of the primary challenges they face is navigating the market without trustworthy contacts. I recommend thorough market research, building a strong local team, and staying updated with local regulations for a smooth process. Feel free to reach out if you need any specific insights on investing in Columbus!

Hi @Savannah Walbert, 

I came across a deal similar to this in Obetz, Oh. My buyer was not able to obtain financing on it. Since it is not zoned properly, every lender I talked to said underwriting would not approve the loan. Unless you're paying cash, something to consider. And even if you are paying cash, you may have difficulty selling down the line if you're not able to rezone. 

Hi @John Su, snow removal is typically handled by tenants for 1-4 units. Just make sure the property is maintenanced properly. Things like roof and gutters, heating systems, and insulation should all be in good condition. Utilites should be left on to avoid freezing pipes. 

Overall, it's not a huge concern in Columbus. Your major concerns are still the same (HVAC, roof, foundation). 

Hi @Josh Cutler, to get the ball rolling I would start by connecting with a local agent. They'll introduce you to a lender for a pre-approval and help you get a feel for the market. I'm here to help if you have any questions! 

Hi @Shi Esguerra, 

I agree location is key for a STR/MTR. Since you are a first time out of state investor with little STR experience, I reccomend running your numbers more conservatively. As a backup, try to find deals where the numbers could also work as a LTR. I invest locally in Columbus so free to shoot me anything you're looking at, I'd be happy to provide an opinion!

Hi @Angela Sammons, 

Congrats on your first duplex :) Since you're living right next door and have one tenant for now, I reccomend self managing. I think doorloop is a great landlord tenant software that you can collect rent, track payments, and keep records. 

Hey @Jagger Boyer, unless you have more time on your hands and have a strong network in that state to help with leasing, rush to the property for emergency repairs, help with evictions, handle inspections and turnover.... I'd recommend hiring a pm! 

HI @Matthew Estrada, thanks for sharing. I agree with the other responses. Do not kick yourself too much, it was a learning experience. While it was a costly one, hope it does not discourage you from investing in real estate. There are great people out there that are willing to help and would love to watch you succeed. While you continue to learn, let me know if you ever have any questions about any real estate topics, I'm always happy to chat! 

Hi @Mooyoung O., 

Congrats on starting to grow your portfolio out of state! I think this is awesome, it forces you to really be an investor instead of landlord. I think you're looking at a great RE market too! 

It does not matter where you start as long as you develop your Core 4. The core 4 is David Greene’s long-distance investing strategy and consists of a realtor, contractor, property manager, and lender. Once you have this team in place, you should be comfortable to invest. 

When vetting homes that are out of state, it's important to work with a trusted agent who has experience in the local market who can provide valuable insights about the property, its condition, and the local rental market.

 My team and I also have a good infrastructure in place for out of state investors (i.e. connections to contractors, property management companies, lenders etc.) Please let me know how I can help!