All Forum Posts by: Remington Lyman

Hi BP community,

I’m a new investor based in California, looking to start my portfolio through out-of-state investing. My target is the $80K–$125K range in landlord-friendly markets with steady job growth. I’m most interested in BRRRR and buy-and-hold rentals, and I keep going back and forth between starting with a small multi-family (duplex/triplex/fourplex) or a single-family rental.

Here’s where I’m stuck:

• SFRs seem easier to manage and may be less intimidating for a first deal, but the cash flow might be tighter.
• Small multis could bring stronger cash flow and efficiency, but I’ve heard they can be tougher to finance, and vacancies or tenant issues could hit harder if I don’t have a solid team yet.

For those of you who’ve been down this road already:

• Which one did you start with, and why?
• Looking back, would you do it the same way?
• What do you think is the best path for someone investing out of state for the first time?

I’d love to hear your experiences and lessons learned — it’ll help me take action with more clarity and confidence.

Thanks in advance,
Christopher

Hi everyone,

I just submitted an offer on a property in Columbus and am looking for a contractor for some light renovation work.

This is for an investment buy-and-hold property. 

If you have anyone you've had a good experience with, I'd appreciate the recommendation.

Good Morning,

I have a 6-unit (need commercial loan) property located in a rural area of Ohio. My partners and I do the BRRR strategy, and bought it very distressed, fixed up with cash, and have been looking to do a cash out refinance. It's been over a year and we are having issues refinancing. We cannot do a DSCR loan, which would be preferred, but they consider it a rural location and will not invest. We tried a commerical loan, but based on taxable income, which we try to keep as low as possible, our debt service does not add up. The banker just said that she can see great credit scores, but with the amount of debt, the income doesn't come close to covering the loans. Has anyone found themselves in this situation? What did you do to refinance. We are trying to get creative and refinancing would very much help us out.

Thank you for any help you have. 

Hi everybody. I'm a relatively new investor who'd like to connect and expand my portfolio. I'm interested in flipping single family properties and holding multi-family properties. My wife is in the process of getting her real estate license and we're excited to make a better life for our children and make a difference in our community.

Recently getting started in the real estate investing world. What are thoughts on first property being out of state like 8hrs away. If you learn the area and find real great deals and have a hunch on what might be a up and coming area. Even if your first is more risky isn't it worth it!! 

22-year-old officer at Wright-Patterson AFB looking to get into rehabbing/flipping houses but have no experience in the area. Looking for someone who flips houses in the Dayton area that I can work for for free to learn the ropes of house flipping. May not know much about rehab, but I can do some manual labor in exchange for knowledge.

@Joji M. I use TPI in Columbus

@Remington Lyman I don't know if you just have amazing timing, or did some Jedi mind trick on me where I now have some super ai awareness on BP forums but good-God, your right, it's getting FLOODED. 

Just followed 1 recent post last couple days and easily 50%+ is blatant ai. 

And no, Mod's don't seem to be doing anything, I say that because I see nothing coming of it so yeah, what else am I to think. 

And half of what may be humans, is self promotion and other such trash that would have never stood in past. 

I love and use ai but to augment, as an assistant. WTF is with people just having ai literally do all the talking for them? It's like reading a car brochure..... 

Quote from @Remington Lyman:

Quote from @James Wise:

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Quote from @Jimmy Lieu:

Quote from @Matt Mastey:

I'm at investing in properties. Would anyone be able to help me with analyzing the market for short-term rentals in certain areas? What are some things I should look out for? 

Hey Matt, welcome to BP! When analyzing short-term rental markets, start by looking at a few key things—tourism demand, local attractions, and seasonality are huge since they drive occupancy and nightly rates. Check if the area has strong year-round draw or if it’s more seasonal, because that affects your cash flow stability. Also, make sure to research local laws and regulations since some cities have restrictions or licensing requirements that can make or break your numbers. You’ll also want to look at operating costs like cleaning, utilities, and management fees because they’re higher than traditional rentals. If you want a market that’s been performing well for short and mid-term rentals, Columbus, Ohio is worth a look. There’s consistent job and population growth, tons of business travel and university demand, and it’s still affordable enough that properties in the $120–180K range can cash flow and hit the 1% rule. It’s a great mix of affordability, demand, and appreciation potential. Happy to connect and answer any questions you have!

 You joke but some of my agents were uber eats before this irl. Maybe some of them will go back to it if the market tanks

Lol -  I've seen how they operate, it ain't a joke that they'll be going back to Uber Eats.