All Forum Posts by: Patrick Drury

@Linette Westley 

@Remington Lyman and @Brandon Goldsmith both hit the nail on the head. If the numbers don't work with a house hack you should invest out-of-state in a market that the numbers do work, as well as one that has good population growth, and job opportunities. I would recommend Columbus OH where there are lots of job opportunities (battelle, L-Brands, OSU, and etc) as well as good population growth the city is constantly growing and expanding. In Columbus, you get good appreciation and cash flow unlike some of the other cities in OH where its slightly more cash flow and basically no appreciation.   

@Heather Rodden

If you're looking for short-term rentals out-of-state Columbus OH would be a good place to invest. The price points make sense and the city of Columbus is on fire and growing at a rapid rate because of job opportunities and population growth here. I have a colleague I would recommend @MarcRice who manages specifically short-term rentals and is very good at what he does. 

@Gin Andrew 

You should get a HELCO or Cash out Refinacne to use the equity you already have to buy more rentals and leverage other people's money. Or if you are dead set on selling (no one would blame you it's a good time to sell based on the market) do a 1031 and buy something bigger with more units. 

Population growth and job opportunities are good things to measure for an area to be good to invest in. Columbus OH is a good example of this I would recommend investing here. I Invest in long-term buy and holds here in Columbus OH, but I think the same principle applies you don't want to buy in an area (more specifically state) that's not showing significant signs of development and job opportunities for people to live there.

I would recommend investing in Columbus OH it has great job opportunities and population growth here. 

@Chilly Nathan I would recommend looking to invest in Columbus OH. The job opportunities and population growth here make Columbus a really good candidate for out-of-state investing as well as the returns investors can get here either meeting or even surpassing the 1% rule.  

@Abraham Kaplan 

I live and invest in Columbus OH. It's a really good market for out-of-state investors because of the returns we see here, the population growth, and job opportunities. 

@Michael Castillo 

For out-of-state-investing one of the most important things is David Greens core 4 which includes a (realtor, GC, Property manager, and lender). As for markets I invest in Columbus OH and would recommend you look into it. 

@Rahim Bey 

Are you just looking to wholesale or invest?

-Join FB groups for wholesalers in that area

-Download the meetup app and go to wholesaler meetups 

- As stated above, buy a property in a solid location in the city where ever you live/ target area (they will flock in terms of calls) 

-Continually post on Bigger pockets and DM people then meet in person or over google meet 

-Post on IG if you got one something along the lines of " looking for wholesalers and throw in a handful of hashtags like #Wholesalers #Real estate # Columbus wouldn't do more than (6-8) there's a lot of them you could try it out and see which one yields the best results

@Jignesh Savaliya 

Just do a year lease. If you do a year lease, then they can't see a rent increase 3 years down the road. Make rent increases seem like a small amount every year like if you raise the rent $20-30 a month, like ok who cares. Now if they can see he is raising the rent to $80 a month or more over the course of 4 years, they might be put off. Also pretty long commitment I would recommend just doing a year lease and renew every year. @Kyle Tom is the property manager for Reafco Property management he might have some input on what he does or what he would do in this situation.