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All Forum Posts by: Peter Dorinsky

Peter Dorinsky has started 0 posts and replied 140 times.

Post: New Investor here!

Peter DorinskyPosted
  • Real Estate Agent
  • Columbus, OH
  • Posts 143
  • Votes 183

Hey Jake, welcome to BP! Would love to connect!

Post: New in BiggerPockets

Peter DorinskyPosted
  • Real Estate Agent
  • Columbus, OH
  • Posts 143
  • Votes 183
Quote from @Farah Tatis:

Hello everyone!

My name is Farah. I started my  investing journey in real estate in 2020 and managed to acquire a couple of multi family homes. I am looking to learn more about buying out of state and doing quick small flips and purchasing properties to rent to section 8. Looking forward to being part of this amazing community ❤️


 Hey Farah, welcome to BP! If you're researching out of state markets, there are some great opportunities in the Midwest. A lot of the markets are landlord friendly and offer lower price-points and lower taxes. BP is a great place to connect with professionals and assemble your out-of-state team.

Post: New Investor ready to invest out of state

Peter DorinskyPosted
  • Real Estate Agent
  • Columbus, OH
  • Posts 143
  • Votes 183

Hey Shawndra, welcome to BP! Once you're set on the market you'd like to invest in, I'd recommend building your core-4 to be your boots on the ground. Biggerpocket's David Greene has a helpful article on assembling your core-4: https://www.biggerpockets.com/blog/core-four-real-estate-tea...

BP is a great platform to connect with local professionals and build your team. They also have a plethora of resources to help further educate you on investment strategies. 

Post: New to BiggerPockets

Peter DorinskyPosted
  • Real Estate Agent
  • Columbus, OH
  • Posts 143
  • Votes 183
Quote from @Ertha Luma-Gruber:

Hi everyone, 

I live in Nashville, TN. I'm looking to buy a couple income properties in Toledo, Ohio. I've been scouting on Zillow for the good deals, but it looks like a good amount of the properties that were recently sold are not showing up on my search. Where do you guys search for properties?


Hi Ertha, an easy way to get access to more deals is to connect with people who have access to them. Connecting with a wholesaler or an investor friendly agent who has access to both on-market and off-market properties is a great way to source deals.

Post: Real Estate Agent Referral in Columbus OH makret

Peter DorinskyPosted
  • Real Estate Agent
  • Columbus, OH
  • Posts 143
  • Votes 183
Quote from @Sino U.:

Hi, 

As title states, I would appreciate if you all could drop your recommendations on real estate agents that you have worked with or know, that are good at their Job in Columbus OH Market. I obviously connected with one one agents from BP community, but want to do more due diligence and talk with others. Would appreciate any leads help.

Thanks


 Hi Sino, happy to connect with you and talk about the Columbus market if you're interested!

Post: Newbie Investor Choosing a Market

Peter DorinskyPosted
  • Real Estate Agent
  • Columbus, OH
  • Posts 143
  • Votes 183
Quote from @Nicole Blankenship:

Hello BP community-

I've been an avid listener to this podcast ever since my interest in real estate peaked last year. I just read David Greene's long distance real estate investing book and am now trying to choose a market that is out of state from me. 

I am currently in Arlington, VA (DMV area) where housing prices are pretty expensive. I'd like to purchase a rental property (SFH 3/4BR) out of state that is either turnkey or needs minor rehab done with it. My full time job is flexible so I am able to fly out to this location to get a look at the property & make connections in the area. I have about $40K cash (and other investments if needed to withdraw) saved up for this purchase, now I just need to zero in on a location. I have narrowed down my options to the markets below:

Dayton, Columbus, or Cleveland, OH
Fayetteville, NC
St. Louis, MO
Detroit, MI
Columbia, SC
Indianapolis, IN
Louisville, KY

I know these are a lot of options.. I am looking to connect with any investors, agents, lenders, etc. in these areas OR any that you are currently in and recommend to other investors starting out. Thank you in advance and I look forward to connecting with you :)


Hi Nicole, there's lots of great opportunity in the Ohio markets. If you're looking for a market that is rapidly growing and has long-term appreciation potential I'd also suggest looking into the Columbus market. It's quickly becoming a hub for tech-companies that are expanding their business and creating lots of new jobs. Ohio is also a landlord friendly state that offers low taxes and price-points. Cleveland and Dayton are good markets to look into as well, especially if you're looking for cash-flowing deals. Happy to connect if you have questions!

Post: Out of state investing - newbie RE investor

Peter DorinskyPosted
  • Real Estate Agent
  • Columbus, OH
  • Posts 143
  • Votes 183
Quote from @Thomas Murphy:

Hello everyone, for the past several months I have been passively educating myself on RE investing by listening to BP podcasts, reading through these forums, and analyzing some multifamily properties using the BP calculators. I am eager to begin building my portfolio with a focus on long term hold duplexes to start, but I want to make sure I am not getting too far ahead of myself too quickly. 

I currently live in New Hampshire where it seems like entry prices for 2-4 units is pretty high (that is, if there are more than a handful for sale at any given time) so I'm not sure that this would be a good market to start in. With that being said, my curiosity has since shifted to out of state investing courtesy of these forums and BP podcasts. I have a pretty good understanding of the importance of building your "Core 4", but admittedly the thought of investing in a property you likely won't see in person is a little daunting. 

I am currently looking in the Columbus, OH area and have also read some positive reviews about the Tulsa, OK area. 

As a new investor, what are some actionable things that I can do today to get me closer to acquiring my first property? Side note, I have already been pre-approved for 2-4 units in NH, but I imagine that number will vary depending on the market I choose. 

I appreciate any tips/tricks/recommendations and I appreciate your time responding to this post. 

Happy new year!

Hey Thomas, welcome to Bigger Pockets! Have you considered house-hacking for your first deal? It's a great way to get your foot in the door and can work in pretty much any market. It'll also give you some more options in terms of lending (if you plan to go through a lender) if you owner-occupy. But if you're set on investing out of state, I would suggest settling on a market you plan to invest in and then begin making connections/interviewing local professionals to assemble your core 4. Columbus is a great market to look into, many big tech companies are expanding their business here and the city is rapidly growing. Would be glad to connect if you're interested, happy New Year!

Post: Real Estate Investor Noobie

Peter DorinskyPosted
  • Real Estate Agent
  • Columbus, OH
  • Posts 143
  • Votes 183
Quote from @Adam Collette:

Hello everyone,

My name is Adam.  My wife and I are looking forward to our Real Estate Adventure with Bigger Pockets.  We are looking for out of state multi-family.  Here in Southern California it's a challenge and very expensive to invest here.  We listen to Real Estate rookie often and are still trying to find our first deal.  

Hey Adam, welcome to Bigger Pockets! If you guys are set on investing out of state it'll be important to build your core 4, agent/deal finer, property manager, contractor, and lender. I'd give this article by David Greene a read if you haven't already: https://www.biggerpockets.com/blog/core-four-real-estate-tea...

Have you and your wife already decided on a market in the Midwest that you plan to invest in? You may be interested in looking into the Ohio markets, Ohio is a landlord friendly state that offers lower taxes and lower price points. Columbus specifically is seeing a lot of growth and development from major tech companies expanding their business in the market. There are also several major hospitals in the area which make it a hub for travel nurses, if STR/MTR's are also something you would consider. 

Post: Out-of-state real estate investing for beginner

Peter DorinskyPosted
  • Real Estate Agent
  • Columbus, OH
  • Posts 143
  • Votes 183
Quote from @Sonya C.:

Hi All,

I've read some posts about achieving FIRE via real estate investing and I'm hoping to start doing that 2024. I don't really have much experience in this area and would love some advise. I'm currently in Phoenix AZ where housing prices are still high and does not seem to make sense in terms of cash flowing perspective, so I'm looking for out-of-state investing opportunities with the following criteria (and please kindly list more if you can think anything else):

1). Positive cashing flowing since Month 1-2, ideally more than the 1% rule?

2). Low property tax/lower costs to maintain, etc.

3). Landlord friendly (eviction, rent increase, etc.)

4). Few natural disasters (flooding, thunderstorms, snowstorms, etc.)

5). Good job or population growth

6). Cheaper price (ideally less than $250k so the mortgage would not be too much)

Any advice either regarding the above or real estate investing in general is very much appreciated. Thank you very much!

Hi Sonya, with that criteria I'd recommend checking out markets in the Midwest. A lot of the Midwest markets offer a lower cost of-entry with cheaper taxes. Also as mentioned, Ohio is seeing a lot of growth from big-tech companies making large investments to expand and grow their business in the Ohio markets, creating some great opportunity for investors. If you plan to invest out of state for you first deal it will also be essential to build your core 4: https://www.biggerpockets.com/blog/core-four-real-estate-tea...

Happy to connect if you have more questions!

Post: Great cities for starting investors

Peter DorinskyPosted
  • Real Estate Agent
  • Columbus, OH
  • Posts 143
  • Votes 183
Quote from @Matthew Kalifeh:

Hello BP,

I am currently an undergrad student with 2.5 semesters left (Finance Major RE Minor) I have read many books and have listened to many podcasts on RE investing so my mind has been set to do this for a while now.

I plan on investing long-distance eventually but am looking to move to an area that has a strong RE market that I can invest in sooner rather than later, and lots to offer for young people. I have done plenty of research and taken multiple "Which city should I move to based off personality" quizzes and get different answers every time. 

I am going to house hack as soon as I can, and want to start in wholesale and eventually move into rental properties.  

Does anyone have any suggestions?

Also, no California or New York or anywhere where the cost of living is on the outrageous side.

Thank you so much.

Hey Matthew, if you're considering moving to the market that you plan to invest in I'd suggest checking out the Ohio markets. Columbus in particular is seeing tremendous growth with many big-tech companies either moving into the market or expanding their business here. Intel is investing $20 billion to build chip manufacturing plants in Licking County, which is projected to create 30,000 new jobs. This is the largest private investment in state history. In addition to Intel, other big companies like Google, Amazon and Facebook are also expanding their business here in Columbus. There are some great opportunities in the Columbus market, especially if you plan to house-hack starting out!