All Forum Posts by: Remington Lyman

@Michael Veloso I would highly suggest Columbus. Just take a look at our population and job growth.

Hello BP Community,

I am a real estate agent in Columbus looking for volunteering opportunities in the area. I want to find something that will help further my career (networking with investors, exploring different areas of Columbus, learning about different REI, etc.). I have joined Habitat for Humanity's Family Services Committee but I still have the capacity for more activities. I appreciate any suggestions.

@Account Closed I personally would not want to be investing in a market that has a declining population or job growth at any point in the cycle. Different investors have different strategies though.

@Account Closed I agree with you. Investing in Columbus is not for everyone. The city's population and job growth have made our market attractive for investments. This has caused cash flow to tighten. Our appreciation has been through the roof. If investors are looking for cashflow, I would recommend looking at places like Cleveland, Ohio. Their population has been in decline since the 50's making cash flow deals easy to come by.

Here is a link to an interesting article about Columbus - ://www.bizjournals.com/columbus/news/2019/09/19/columbus-is-a-midwestern-bright-spot-and-a-market.html

@Kenny Schumacher Ohio is a great place to look. I recommend Columbus, OH because of our increasing population and job growth.

@Harman N. Sounds like you have a great plan. I got started investing in 2-4 units in Columbus after I graduated College. I am up to 14 doors (4 properties) in the area. Now I am helping in-state and out-of-state clients do the same.

I am also part of the Urban Land Institute, The Ohio State Center for Real Estate, and Habitat for Humanity. I try to stay as connected to local real estate groups as possible.

I am a Realtor, property manager, and investor in Columbus, OH. I encourage you to check out my BP profile to learn more about my background. Please let me know if you have any questions or if I can help you with anything.

@Devin Chong I would reach out to multiple lenders with a 30 day period (this way it only counts as one hard inquiry) and get different quotes. I give all of my clients about 15 local mortgage lender referrals. These people work for banks and mortgage brokerages ranging from small local businesses all the way to global institutions.

@Brandon Sturgill Lol. How did you know?

@Daniel Judge Did Mark get back to you?

@Sara Elford someone I just talked to gets 7% for long term (>1 year) private money and 12% for short term private money (<1 year). It just comes down to risk. How much experience does the borrower have and how good is the collateral?

@Sara Elford I have yet to use hard money but I know there are a lot of hard and private money lenders at local REI meetups in Columbus. I go to the Dealmakers Sessions, COIN meetings, Happy House Hunters, and Columbus Multi-Family meetups. I suggest going to some if you already do not and networking with these individuals.