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All Forum Posts by: Remington Lyman

Remington Lyman has started 29 posts and replied 5327 times.

Post: Should I build a garage for duplex ? Columbus OH

Remington Lyman
#3 Out of State Investing Contributor
Posted
  • Real Estate Agent
  • Columbus, OH
  • Posts 5,626
  • Votes 6,618

@Rigo Monzalvo I agree with what @John Manner says about just putting in the concrete carports. @Peter Lohmann @Mitch Deminski what are your thoughts on the rent potential difference between the 3 different options?

Post: Would you liquidate your 401k to purchase your first property?

Remington Lyman
#3 Out of State Investing Contributor
Posted
  • Real Estate Agent
  • Columbus, OH
  • Posts 5,626
  • Votes 6,618

@Justin Reyes It just depends on how good the deal is. Liquidating your 401k can cheaper than borrowing hard money. I know investors here in Columbus, OH that borrow hard money all the time. I have leveraged myself and used my cash so far but if I keep finding deals I will start borrowing hard money.

Post: Submetering Water in Ohio

Remington Lyman
#3 Out of State Investing Contributor
Posted
  • Real Estate Agent
  • Columbus, OH
  • Posts 5,626
  • Votes 6,618

@Chase Clemens Sub-metering can also help you track if there is a leak or running toilet in a unit. I know one investor that tracks the water usage and will investigate if something is amiss. I have yet to submeter my 2 quads and duplex but I will probably get around to it when my plumber does not have a lot of work to do. It is significantly cheaper if you install the meters yourself.

Post: New to real estate investment

Remington Lyman
#3 Out of State Investing Contributor
Posted
  • Real Estate Agent
  • Columbus, OH
  • Posts 5,626
  • Votes 6,618

@Derek Diamond If you need any help finding deals in Columbus, OH feel free to reach out. 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.

Post: Wholesaling Dayton Ohio

Remington Lyman
#3 Out of State Investing Contributor
Posted
  • Real Estate Agent
  • Columbus, OH
  • Posts 5,626
  • Votes 6,618

@Ryan Crofford If you end up doing any work in Columbus, OH please let me know.

Post: If the housing market drops .... strategy

Remington Lyman
#3 Out of State Investing Contributor
Posted
  • Real Estate Agent
  • Columbus, OH
  • Posts 5,626
  • Votes 6,618

@Dennis M. I could not agree with you more. Are my quads that I paid $230,000 and $247,500 for really going to be worth that much less when a recession hits? I cash flow $1,500 on each of them. I think any investor would buy them from be regardless if we are in a recession or not.

Post: Investing out of state

Remington Lyman
#3 Out of State Investing Contributor
Posted
  • Real Estate Agent
  • Columbus, OH
  • Posts 5,626
  • Votes 6,618

@Lane Have you checked out Columbus, OH? It is a popular market for out-of-state investors.

Post: Columbus, Ohio: Investors, lets chat!

Remington Lyman
#3 Out of State Investing Contributor
Posted
  • Real Estate Agent
  • Columbus, OH
  • Posts 5,626
  • Votes 6,618

@Steve Rayo There are plenty of small multi-family properties that are turnkey in the Columbus, OH area. You just need to get set up on the MLS and be ready to submit an offer on one. I am also digging up off-market leads that are turnkey rentals.

Post: Vacation/short term rentals

Remington Lyman
#3 Out of State Investing Contributor
Posted
  • Real Estate Agent
  • Columbus, OH
  • Posts 5,626
  • Votes 6,618

@Account Closed You should check out Columbus, OH. My buddy has various STRs in the area and is killing it.

Post: Cincinnati OH investing

Remington Lyman
#3 Out of State Investing Contributor
Posted
  • Real Estate Agent
  • Columbus, OH
  • Posts 5,626
  • Votes 6,618

@Gaby Liu Check out the pictures below. If you have a choice, I would invest in Columbus.