All Forum Posts by: Remington Lyman

@Todd J Killian If you find an owner that is looking to sell but not at a price that works for a wholesaler then you should connect them with a Realtor

@Todd J Killian You should work with a Realtor to sell the property on the MLS

@Stephanie P. Off-campus housing for Akron and Kent state does not compare to Off-campus housing for The Ohio State University. Drive around the 3 universities and you will see what I am talking about. I also implore you to compare the population growth/decline in the different cities.

Hey @Stephen McDonald. Welcome to the site! I would suggest going to the local REI meetings. You can find the big ones on the event section of BP. I would also suggest using your income from Walmart to get a loan for a house. I believe that is the best way to learn how to become a real estate investor. There are many people that are interested in REI but never get started because of analysis paralysis.

I am a Realtor, property manager, and investor in Columbus, OH. Please let me know if you have any questions or if I can help you with anything.

@Rigo Monzalvo

Function

Fire resistant walls provide sufficient time to discover a fire, control it and evacuate the building if necessary. Ratings are determined using procedures developed by the American Society for Testing and Materials that simulate actual fire conditions. They can also be calculated using tables developed by the IBC.

Ratings

Fire resistance ratings are expressed in the number of minutes or hours a structure can withstand a fire simulation test. According to the Engineered Wood Association, a one-hour rating indicates that a wall constructed in a manner similar to the one tested will contain flames and high temperatures, and support its full load, for at least one hour after the fire begins.

Materials

According to the book "Commercial Drafting and Detailing," a typical one-hour fire rated wall consists of 2x4 studs spaced 16 inches from the center of one stud to the center of the next, covered by 5/8-inch, type X gypsum board. Type X gypsum board is wallboard to which non-combustible fibers have been added.

@Account Closed I would recommend checking out Columbus, OH when you are determining which market to invest in.

@Phil Hale Every investor is looking for the 1% rule, but most are unwilling to do what it takes to get there. You need to go into the C neighborhoods to find a turnkey 1% deal or find a property with value add. There is a duplex on the market in a B neighborhood that could reach get to the 1% rule if you are aggressive on the rents.

@Jonnathan Agudelo Unfortunately if you are not moving into the property the lowest I have heard is 15% (we did one of these on our 2nd quad). I would suggest moving into a multi-unit property and house hacking. If you cannot do this because of kids or something then you will need to save up for a larger down payment.

Awesome event for people looking to start investing in Columbus, Ohio!

@Ruben Castillo I did this with the first property I bought. It was a duplex. We rented out the other side of our duplex and the extra bedroom we had on our side.

Make sure you screen your tenant well. Make the rent below market value so you can choose from a lot of applicants. You can screen them through Cozy.com. They pay about $40 for a background and credit check.

I am a Realtor, property manager, and investor in Columbus, OH. Please let me know if you have any other questions or if I can help you with anything.