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All Forum Posts by: Remington Lyman

Remington Lyman has started 29 posts and replied 5319 times.

Post: newbie interested in buy and hold small multifamilies

Remington Lyman
#3 Out of State Investing Contributor
Posted
  • Real Estate Agent
  • Columbus, OH
  • Posts 5,617
  • Votes 6,613
Quote from @Darriell Morning:

Thanks for the responses everyone, Im still doing research but at this time I believe DSCR loans would make the most sense for buy and hold. I see alot of investors are interested in using the fix and flip strategies or BRRR which im not. If anything I would either like to buy and hold or be a passive partner. Any personal stories to share?


 I recommend doing your own deal before starting partnerships with others. Partnerships can be challenging, so it’s easier to enter one with your own experience first.

Post: Future Real Estate Investor Advice

Remington Lyman
#3 Out of State Investing Contributor
Posted
  • Real Estate Agent
  • Columbus, OH
  • Posts 5,617
  • Votes 6,613
Quote from @Sam Evrard:

Hey all! I am graduating college next year and am looking for some advice about getting started in real estate investing. I like the idea of house hacking and am heavily considering this once I start my W-2 full-time position. Anything helps, I am eager to learn!


In my opinion, this is the best way to get started in real estate. I know many millionaires who began this way. If you pursue it consistently, you won’t have to work your W-2 job for much longer.

Post: How Do You Choose the Right Out-of-State Market?

Remington Lyman
#3 Out of State Investing Contributor
Posted
  • Real Estate Agent
  • Columbus, OH
  • Posts 5,617
  • Votes 6,613
Quote from @Ivette Raygoza:

Hi everyone,

I’m a beginner real estate investor based in California, exploring the idea of investing out of state — likely in single-family homes or duplexes.

I’m curious to hear from experienced out-of-state investors:

How did you decide on your market? What factors made you feel confident about the area?

What resources and tools do you use to analyze markets before committing? (e.g., job growth, population trends, landlord laws, rent-to-price ratios, crime rates, cash flow potential, etc.)

What states or cities do you recommend for a first-time out-of-state investor? Any areas you’d avoid?

I’d love to hear about your process, any lessons learned, and the specific tools, websites, or data sources you found invaluable — whether that’s BiggerPockets' calculators, Rentometer, Zillow, or others.

Thanks in advance for your insights!


 I picked Columbus, Ohio, because I moved here from Connecticut to compete on The Ohio State University Rifle program.

I recommend Ohio because it is cheap. I would avoid any D or lower locations for your first deal

Post: New to investing

Remington Lyman
#3 Out of State Investing Contributor
Posted
  • Real Estate Agent
  • Columbus, OH
  • Posts 5,617
  • Votes 6,613
Quote from @Allen Zhu:


Im  new to investing in Columbus and noticing a lot of the homes were built in the early 1900s. My biggest concern is structural and foundation issues—should I be worried? Are foundation problems pretty common here, and what should I be looking out for when walking through these older properties? Any advice from people investing in the area would be appreciated!




Place your head against the wall in the corner of the basement. If the bowing measures 1-2 inches, monitor it and ensure that rainwater is directed away from the foundation. If the gap is larger, consider installing carbon fiber strips or beams. Please note that I am not a professional engineer, so this advice should not be considered definitive. Let me know if you would like further refinements.

Post: Looking to build a team

Remington Lyman
#3 Out of State Investing Contributor
Posted
  • Real Estate Agent
  • Columbus, OH
  • Posts 5,617
  • Votes 6,613
Quote from @Michael Smythe:

@Isaiah Cuellar recommend you connect with @Remington Lyman. He impressed my manager recently -- which is not easy to do.


 slay

Post: Looking to build a team

Remington Lyman
#3 Out of State Investing Contributor
Posted
  • Real Estate Agent
  • Columbus, OH
  • Posts 5,617
  • Votes 6,613
Quote from @Isaiah Cuellar:

Hello everyone, hope all is good. I'll be purchasing a duplex in Columbus, Ohio soon, and I'm looking for a real estate attorney to work with along with lenders and a property manager. I'm an out of state investor but I'll be moving here as well so if you're out there, feel free to reach out! We can hop on a call or preferably meet in person (I'll be in Columbus for the next few days). 


 I can send you some attorney referrals.

Post: Hello BiggerPockets! New PRO here

Remington Lyman
#3 Out of State Investing Contributor
Posted
  • Real Estate Agent
  • Columbus, OH
  • Posts 5,617
  • Votes 6,613
Quote from @Brandon Pickard:

Hello BiggerPockets community! I'm Brandon Pickard from Delphos, Ohio, passionate about real estate investing for the last 3 years. I'm particularly passionate about Fix and Flips. 

Outside of real estate, I enjoy time with my family and fishing

Excited to learn and connect with you all!


 Welcome to BP!

Post: newbie interested in buy and hold small multifamilies

Remington Lyman
#3 Out of State Investing Contributor
Posted
  • Real Estate Agent
  • Columbus, OH
  • Posts 5,617
  • Votes 6,613
Quote from @Darriell Morning:

Hello everyone,

My name is darri and i am interested in buying a small multifamily property under 100k in Ohio, Upstate NY, or GA


 Welcome to the site Darriell

Post: looking to help investors!

Remington Lyman
#3 Out of State Investing Contributor
Posted
  • Real Estate Agent
  • Columbus, OH
  • Posts 5,617
  • Votes 6,613
Quote from @James Wise:
Quote from @Remington Lyman:
Quote from @James Wise:
Quote from @Remington Lyman:
Quote from @James Wise:
Quote from @Lucas Shorts:
Quote from @James Wise:
Quote from @Lucas Shorts:

my service includes first property closed on that I find is free and then after if you are satisfied with the service we can work on pricing. 


 You know you need a real estate license to do that right?

In ohio you need a license to do things such as negotiate prices, represent buyers and sellers, and sign contracts, but my service is property scouting so finding properties (off market, etc) for investors as well as finding potential clients that are looking to buy and or sell that are looking for a realtor. My services are based off of flat rate fees meaning, for every lead I generate or deal an investor closes on I get a fee (not a percentage), and if I find someone needing a realtor and I referred them then I charge a flat rate fee as well.


 It's right there in Section 4735.01 of the ORC.


 There are a lot of wholesalers out there, yet the division does nothing regarding them. It's unfortunate.

 That's not true. There have been numerous fines issues by the Ohio Division of Real Estate for unlicensed brokerage activity. They publicly report the fines and I've seen some in the 6 figure range. Now don't get me wrong, the Division has enforcement issues. The Division is backlogged on their complaint load by like 3-4 years, so someone getting a complaint in 2025 likely wouldn't be addressed till like 2028-2029, but they do, and have, acted on these matters.


 Damn. 3-4 years...


 It's the government dawg. You ever see them do anything efficiently?


 overthrow Latin American governments

Post: looking to help investors!

Remington Lyman
#3 Out of State Investing Contributor
Posted
  • Real Estate Agent
  • Columbus, OH
  • Posts 5,617
  • Votes 6,613
Quote from @James Wise:
Quote from @Remington Lyman:
Quote from @James Wise:
Quote from @Lucas Shorts:
Quote from @James Wise:
Quote from @Lucas Shorts:

my service includes first property closed on that I find is free and then after if you are satisfied with the service we can work on pricing. 


 You know you need a real estate license to do that right?

In ohio you need a license to do things such as negotiate prices, represent buyers and sellers, and sign contracts, but my service is property scouting so finding properties (off market, etc) for investors as well as finding potential clients that are looking to buy and or sell that are looking for a realtor. My services are based off of flat rate fees meaning, for every lead I generate or deal an investor closes on I get a fee (not a percentage), and if I find someone needing a realtor and I referred them then I charge a flat rate fee as well.


 It's right there in Section 4735.01 of the ORC.


 There are a lot of wholesalers out there, yet the division does nothing regarding them. It's unfortunate.

 That's not true. There have been numerous fines issues by the Ohio Division of Real Estate for unlicensed brokerage activity. They publicly report the fines and I've seen some in the 6 figure range. Now don't get me wrong, the Division has enforcement issues. The Division is backlogged on their complaint load by like 3-4 years, so someone getting a complaint in 2025 likely wouldn't be addressed till like 2028-2029, but they do, and have, acted on these matters.


 Damn. 3-4 years...