All Forum Posts by: Remington Lyman
Remington Lyman has started 33 posts and replied 5670 times.
Post: Hello Bigger Pockets group - New investor here.

- Real Estate Agent
- Columbus, OH
- Posts 5,973
- Votes 6,916
Quote from @Rick Ellsberry:
Hello All,
I'm new to real estate investing. I've spent the last 25 years as a firefighter. I'm close to retirement. I have 3-5 years left before I retire. I'm interested in learning how to invest in real estate in my retirement. I have been in the real estate space a couple of times throughout the last 25 years. I was a real estate agent for 2 year 20 years ago. I worked as a loan officer for 2 years about 5 years ago. When I promoted to a Battalion Chief, I just didn't have time to be a loan officer anymore. Now I have time again to dedicate to learning. I'm interested in investing long distance, since everything in California is really expensive. I have read a number of books on investing and am particularly interested in the BRRRR strategy.
Welcome to REI. BP is a great place to learn. I recommend listening to some podcasts and reading some books to get started
Post: Multi family hunt!

- Real Estate Agent
- Columbus, OH
- Posts 5,973
- Votes 6,916
Quote from @Alan Siciliano:
Looking to purchase any multi family in and around the Akron and Kent Ohio area 2 unit up to 16 unit's
I have seen some decent inventory up there. I would recommend reaching out to the commercial brokerages for 5+ units
Post: New and stuck in analysis, looking for advice for how to start

- Real Estate Agent
- Columbus, OH
- Posts 5,973
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Quote from @Benjamin Dolly:
I'm a 37-year-old high-earning W2 software engineer looking to get into real estate by investing in LTR single or multi-family homes, probably out of state. I've read all the books, listened to the podcast, gone to meetups, and am studying for my RE license. My sticking point is that I only have a small amount of capital from savings to get started, which would put me in high LTV financing or high-interest non-conventional financing.
Is it worth getting into a property with over 80% LTV and high leverage, or would that suck the upside (cashflow) out of a deal for too many years?
Are there other strategies that would make more financial sense with a little money down, or is it better to wait and build that initial capital?
It depends on your strategy. If you are going to use the money to invest in other deals, then yes. If you need the monthly cash flow and have a lot of capital, then you might want to pay down the principal as quickly as possible. Two different strategies for two different risk tolerances
Post: Out of State Property Management

- Real Estate Agent
- Columbus, OH
- Posts 5,973
- Votes 6,916
Quote from @Erica Davis:
What do I need to look for when screening a property management team or company as an out of state investor? Are there certain positive or negative things I should look out for?
I would see which one responds quickest to you. Please note that this will probably be via email. I would also try to start with a few different ones if you have a small portfolio so you can see which one performs the best. You should also expect to manage your property manager closely for the first few years until you get comfortable with them. After that I would still check in on them quarterly. Just be careful not to annoy them too much
Post: Brokers who found success as active RE investors

- Real Estate Agent
- Columbus, OH
- Posts 5,973
- Votes 6,916
Quote from @Lindsey Jellig:
Looking for active licensed brokers / real estate agents who are also active investors building a portfolio of properties. Curious how you weave in insights from your own investment journey into working as a licensed agent helping others achieve the similar investment goals. What states have you found most success in to cash flow? I am based in NYC and curious if you found success here or mostly in other states.
My highest cash flow to date has been purchasing properties in opportunity zones, then refinancing them after the seasoning period has ended. Also apartment buildings using the same strategy but those are 5 year holds until you see your liquidity event
Post: Out of state eviction help

- Real Estate Agent
- Columbus, OH
- Posts 5,973
- Votes 6,916
Quote from @Marisa Davis:
Hi all, I would appreciate any advice from those experienced in this. I own a rental property in Grandview Heights (Columbus, OH). I have given my tenant notice to leave the premises due to over a dozen lease violations (late payment/no payment, rekeying locks, neighbor complaints, police involvement etc.) Due to living out of state I’m feeling a bit helpless that she is not going to leave in the time frame I set. She also has not paid the most recent rent. Any advice on what I should do? Do I move forward with eviction early to save months of no payment? This is my first time experiencing this so any help is appreciated.
I would hire an eviction attorney ASAP. You're going to need one to go to court for you anyway. Are you self-managing?
Post: The Downfall of BiggerPockets Forums?

- Real Estate Agent
- Columbus, OH
- Posts 5,973
- Votes 6,916
Quote from @James Wise:
Quote from @James Wise:
Quote from @James Hamling:
Quote from @James Wise:
Quote from @James Hamling:
Quote from @James Hamling:
Quote from @Chris Seveney:
Quote from @James Wise:
Quote from @Shiloh Lundahl:
Wow, after reading the thread in its entirety, there are so many things that I would like to say, but I am busy so I have created a great AI prompted response for more time efficiency.
Here is my great AI response: You're all a bunch of whining babies!
I think that response summed it up fairly well. However, here are some more details for those who are less sensitive and able to read past the comment above.
Has BiggerPockets changed. Absolutely! Just like my midsection has. I don't like it but I deal with it because it isn't just BiggerPockets that has changed, I have changed, the markets have changed, technology has changed, and many people have come and gone. I don't lay blame on BiggerPockets because of this. I try to capitalize on the good. So let's start there and then go to some suggestions that I think may be helpful to me and possibly others but that may or may not be as helpful to BiggerPockets.
What I have found to be helpful on BiggerPockets over the years.
1. BiggerPockets has made me a millionaire several times over. I reached out to @Scott Trench in a private message shortly after he wrote his book and before he became the CEO of BiggerPockets and I told him that I wasn't getting many responses to my posts and asked if he had any suggestions of what I could do to get more interaction. He responded by telling me to post something with an edge or somewhat controversial. My next post was titled something like, "Are Newbie Investors Entitled?" That post got hundreds of responses. And it gave me an opportunity to share my experience with meeting with new investors for lunch and them asking me to share my knowledge and my contacts and then I was the one that ended up paying for lunch. But it also gave me an opportunity to share what I was doing at the time which was an earn and learn program where people would lend to me on my real estate deals and I would include them in my WhatsApp group and show them the steps of investing on the deals they were lending on. From that post, one guy reached out to me and lent me $35,000 on one of my projects. It was super helpful to me and he earned money and we both benefited from it. And that was just the beginning.
2. I started a real estate Meetup Group. BiggerPockets used to advertise more prominently local meetups hosted by members. One guy posted a meetup to be held in my city but didn't have a location for it. So I reached out to see where it would be held and there was no response and several people wanted to meetup. So I highjacked the post and told everyone that I would provide the location for the meet up at my office. And from there, I started hosting meetups at my office in Mesa, Arizona every month (4th Monday of the month, message me for details) and I have kept it going for about 7 years now. I used to get 25 - 40 people to those meetups and through the meetups I found dozens of private money lenders where I have raised millions of dollars in private money, and found some awesome partners, and have made some lifelong friends.
3. The Podcast. It was around this time that @Mindy Jensen reached out to me and asked me to be on a podcast where I got to talk about my investing strategies combining the BRRRR strategy with lease options and calling it the BRRRLO Model. This opened up a ton more opportunities to connect with people building my real estate businesses. And speaking of the podcast, I was listing to the podcast that @Alexander Felice did years ago and It gave me an idea that led to another idea that led me to change the way I buy properties which helped me scale to 250 properties within just a few years. And I got that just from listening to a podcast with a curious mind.
4. Connections and Masterminds. Brandon Turner rolled out his intention journal several years ago and offered to connect people with other investors at their same level if they wanted to form small mastermind groups. I took him up on that and I ordered the book for the sole purpose of connect with others in a mastermind group. This group of 5 BiggerPockets members lasted for 2 years where we had a weekly zoom call. It was truly an incredible group. @JD Martin and @Jerry Williams know about it. My growth and knowledge increased a ton through the weekly meetups and I got up to 100 properties. I then sought out other investors through BiggerPockets with 100 or more properties to continue to grow and to learn better business systems to manage my growth and properties. That mastermind group lasted another year and I learned a ton from that one too and I grew up to 200 units at that time. My growth then led me to a mastermind outside of BiggerPockets for individuals who where multimillionaires that I wouldn't have been able to be a part of if it weren't for my growth that I had experienced through BiggerPockets. Through that mastermind group I continued to mature as an investors and learned more about partnerships and expanded my growth into large luxury vacation rentals which I now have 5, 2 cabins in Lakeside, Arizona that are top performers and 3 luxury private resorts in Costa Rica (for more info, reach out). None of this would have happened like it did without BiggerPockets.
So I pay for a pro membership, not because I need the use of the calculators or most of the other pro membership benefits, but because I want to give back to the platform that, for me, helped me grow more than anything else and has connected me with incredible individuals that I have connected with off the platform and whom I would call friends. People like
@JD Martin, @Jay Hinrichs, @Mike Dymski, @Alexander Felice, @Mindy Jensen, and so many others.
So to respond to the idea of a Downfall of the BiggerPockets forum, I would say that you may want to look at a couple of things. 1) Look at your own personal growth. Maybe you have grown as an investor and so you don't get as much out of the forums as you used to because you have already learned the basics really well and you are ready for more meatier discussions. And if that is the case find some of those people on BiggerPockets, because they are there. And if you are someone worth getting to know then you may find some awesome friendships through this platform. And 2) a lot of times you get out of things what you put in. If you just expect to be fed and enlightened and complain when you're not you may not be contributing much yourself.
As for things that I think would make BiggerPockets better, here are a few suggestions.
1. Bring the local meetup map back and include a link prominently on the main landing page. I think this was one of the best features.
2. Include on the main page the top 3 trending forum posts again. The main page looks more like an advertising page rather than a forum website. I would say to put the forum more centered and prominent on the front page of the website.
3. Lastly, for the BPCONs I would encourage you to have a fewer speakers but have the speakers speak in the opening sessions in the morning and have them speak for around 15 - 20 minutes each about a topic and then have them go into a deep dive for 2 hours on the subject in the breakout sessions. Then have lunch and then come back for even more deeper content from the same presenters. I think people are looking for more meat at the conferences rather than just skimming the surface for several topics.
In summery: I tried to bring back some of the good stuff in this post by keeping it true to form with content teetering on breaking the rules with a few insults, controversy, possible use of AI, sprinkled with a little self-promotion of course.
Yours truly, and have a great day and enjoy investing.
Fixing BP is simple. All they've got to do is name me, James Wise, the #1 Classifieds & #4 Forums Contributor of All Time, the Supreme BP Overlord & Ruler. From there, it's all Cocaine and Rainbows for everyone.
I could get behind this. I think we would need to update your photo though to include a crown, a robe and a staff.
Ask and ye shall receive....

.... yes, I 100% used my ai to create this, took me all of 5min. Tell me how much ai sucks now.
Nope.... wait.... sorry, that one was way too lame, this is KING Wise were talking about, we need GRANDURE!

Hell ya. Remmy don't know nothing about how awesome AI is.
Wow, I asked ai what it though of @Remington Lyman's comments aaaand, yeah, here is what ai had to say:

Dang man, I just asked ai to paint me a picture for Remmy, lol.
epic
Stop hating on SkyNet Remmy.
I love it AI. I want a universal income so I can chill on the beach all day and play video games all night. I just do not want to be playing against all bots like the forums right now
Post: Curious about section 8

- Real Estate Agent
- Columbus, OH
- Posts 5,973
- Votes 6,916
Quote from @Chris Mclaughlin:
Can you describe your experience with section 8? I've read horror stories about some tenants and while I do believe there is some added risk with section 8 tenants, I feel the stigma is a bit overblown so curious to hear about some landlord experiences.
How is the rent determined? I know there is the San Diego county housing authority payment standards guide based on zip code and # of bedrooms but those numbers are the maximum subsidy amount. So as the landlord, how do you determine the fair amount to charge.
It comes down to the market you are in. I do section 8 in Columbus and it works well if you know how to use it. I would still screen your tenants the same and be strict with your requirements
Post: Investing in duplexes and fourplexes, worth it?

- Real Estate Agent
- Columbus, OH
- Posts 5,973
- Votes 6,916
Quote from @Jakub R.:
Hi,
Is anyone successful acquiring and renting out duplexes and fourplexes in the current market?
Yup! I have been doing that since 2017 and have not stopped
Post: New Investor Introduction. Would Love to Connect!

- Real Estate Agent
- Columbus, OH
- Posts 5,973
- Votes 6,916
Quote from @Kira Ligon:
Hi all! I just joined the forum after listening to a couple audiobooks written by former BiggerPockets hosts. I recently read Rich Dad Poor Dad, as I've heard many of you have as well, which inspired me to start taking investing seriously and focus on real estate. I'm currently working my way through some of Robert Kiyosaki's other popular books, as well as others on real estate investing specifically. At the moment, I'm focused on absorbing all the information I can before jumping into the active learning of actually investing. My husband and I are also playing Kiyosaki's Cash Flow game on a semi-regular basis.
From what I've researched so far, short-term rentals and long-term multi-family rentals seem to be the best fit for my goals and interests. I've done more research on multi-family than short-term rentals though, so I'm definitely looking to learn more about short-term rentals before deciding which I should focus on (at least initially). If you have experience with both, I'd love to hear your opinions and experience with each and why you might prefer one over the other. In particular, I'd like to know which has performed better for you personally in terms of annual cashflow, and which you would recommend to a beginning investor?
My goal is to purchase my first investment property within the next twelve months. If I go the short-term rental route, I'll be looking at areas within an hour and a half drive of my house, ideally on one of the lakes in the area or White River. If I go with the multi-family route, I'll be looking a bit further away around the major cities in Arkansas and Tennessee at a duplex or triplex. I'm currently based in north central Arkansas near Mountain Home. Eager to connect with y'all!
Welcome!