All Forum Posts by: Remington Lyman

Hello! While it may be closer to 6+ mos until I'm ready to invest, I have been researching and learning all I can. I wanted to run this by y'all for thoughts/opinions. I'm thinking about possibly MTR's.... particularly looking to explore rentals for airline flight crew/crash pad? (I used to be a Flight Attendant.) Or, if not for that niche, traveling professionals in the downtown area of Columbus. I'd love some opinions on this idea, especially if someone can give insight to the Columbus market, near the airport. Or, downtown for traveling professionals. Does this sound like a good idea for someone new to investing (1st property)? Thanks for any feedback! 

I have been researching on how to invest out of state due to my local market. I have primarily been focusing on cleaveland oh. 

I feel confident enough to look for a property to purchase however the properties that I am seeing either are old or don't make money. I know the current situation with the market. Should I start in cleavland and look at different sub markets or should I look for another state. 

I currently like the factors of Parma oh so if anyone in oh has some suggestion on how to get my first property here or have suggestions on what my next step should be when looking out of state for my first property 

Hey everyone,

I'm new to the world of real estate investing and am exploring the possibility of renting out one of my properties through the Section 8 program. I have a 3-bedroom house in the Hilltop area (43204) that I'm considering, and I think I might be able to convert one of the rooms to make it a 4-bedroom.

I'm looking for some guidance on a few key points, as the process seems a bit overwhelming:

 * What's involved in applying for Section 8 as a landlord?

 * What's the actual application process like?

 * Do I need to cover utilities with the rent amount provided by Section 8, or are those separate?

 * How is the maximum rent amount determined for a property, especially if I were to convert it to a 4-bedroom?

Any insights, tips, or experiences you can share would be incredibly helpful! It's been quite a learning curve with this house, and I'm eager to understand this program better.

Thanks in advance for 

your help!

Does anyone have any advice on how to sell a rental property with a renter already inside of it? 

 This forum  ;)

Hello!  

  I've been building large multifamily developments on the West Coast and in Central Ohio for the last 15 years and have always had an interest in real estate investing.  I've finally made the secision to jump into building a portfolio of rental homes and real estate investing.  

I have tons to learn and understand around financing, choosing markets, building a business plan model, taxes, legal, landlording, etc.  I'm really excited to be a part of this community and having access to so many amazing resources.

I would love to connect with anyone else in Ohio.

 Actually it's geared to realtors looking for clients.

My wife and I moved from Denver to Columbus a few years ago. We just sold one of our rentals in Denver and are ready to invest through the BRRRR method here. Looking for funding options (hard money lending primarily) and home shopping. Would love to get connected with the local community.

Hello,

Are there any experienced investors who specialize in retail that are open to discussions on how to get started? I currently reside in the Chicagoland area. I have basic familiarity with some of the terms and am educating myself on the processes and procedures. Any advice offered is appreciated.

Hey Everyone,

Looking for some advice here. I wanted to get into real estate investing the easiest way possible and I figured using rent to retirement would be the simplest solution. 

Their projections showed a 17% yield with $789 cash flow for $75k down. 

I am over $100,000 cash into the deal and losing money, negative cash flow ~$200 a month. 

This is a new construction and so many things needed to be fixed by the property management even though they said everything would be fixed from the inspection report. They refused to provide pictures and said that it's just how it is.

The provided loan company was also terrible to work with. They were super pushy and had very outdated technology. Loan was instantly sold to NewRez which has been pretty good for a loan holder.

Any recommendations? Should I wait for the end the year and hope for rates to drop? Or should I just sell the property and take the loss? Is the better to take the loss in the next calendar year? 

I appreciate any advice!

Peter

First time home investor.