All Forum Posts by: Remington Lyman

I would suggest checking out Columbus, Ohio. I work with many out-of-state investors here.

@Ike Okonkwo My business partner and I did our first two as owner-occupied and then did our 3rd loan as an investment. We lived in our first owner-occupied property but after we closed on our second my roommates living situation changed and we did not end up moving into it.

@Pope Lake If you buy in DC then you might be able to convince a bank to give you an owner-occupied loan. This is the easiest way to get into real estate since the rate is cheaper and the down payment is less. That is how I got started with my first 3 properties.

Does anyone have a neighborhood map like the one below? I have a list of neighborhoods and their corresponding grades but I have not put it into a map like this. Also, I think this could be more precise than my list.

Sorry to hear that! My buddy had a pipe burst while he was skiing this winter. It ruined his newly renovated kitchen. The insurance covered it and paid him for the money he would have made renting out the unit. You should see what the going rate is to rent out a garage in your area and claim a loss in income for the time it is under renovation.

@Pope Lake I have all of my tenants pay for gas and electric. I pay for the water but I am looking into getting each unit submetered so I can charge them back

@Will Fraser Let's connect so I can understand what you consider "no brainers"

@Ashley Willis I am a Realtor in the Columbus area. I can set you up with a search for those areas in that price point.

@Ashley Willis If you are willing go to Linden or Hilltop then you can definitely work within your price range. I have seen some cheap duplexes in those areas. The issue is getting a PM to work with you. Heart and Home do a good job with D class properties.

@Pope Lake The Columbus market is great right now. There are a lot of small multifamily properties that have a lot of value add opportunities. You just need to check them out personally or have your Realtor do it. I bought my first duplex as 2x 3bed/1 bath and transformed it into something I can market as 5 bed/2 bath and 4 bed/1 bath. There are also a lot of quads that you can get the 1% rule right away.