All Forum Posts by: Robert Ellis

@Arley Collado Real Estate like many other areas is constantly changing and we are always all learning.   Spend some time listening to the podcasts, and reading but would really recommend networking and meeting with investors in the markets you are looking at.    You can only do so much behind a screen and really need to get feet on the ground.   So many properties numbers look great until to realize the impact of being one street to far and have triple the water costs.   As an out of state investor myself getting a solid team together is important but at the same time spending time yourself in those cities to understand the nuances of each of the areas as well as your risk tolerance is also going to be important.   I am happy to discuss with you my experience as a CA investor owning multifamiles in the Columbus market.   I am still relatively new at this so I can relate to many of the feelings I am sure you are going through at the moment.   PM me and happy to chat.

Cheers,

ART 

@Soh Tanaka Thanks for the input! Yes, I've been listening to a lot of different podcasts during my commute, down time at work, etc. It's a great way to get educated while still being productive.

@James Wise You read my mind! Appreciate your input. I'm focused right now on areas around Fort Wayne, Indiana and Columbus, Ohio. Any thoughts on either of these markets? Thanks

I am planning on purchasing a nearby home at a Central Ohio sheriff's auction.  The current owners are still occupying the house.  Assuming they don't vacate, we will have to evict them once we take possession.  Seeing if anyone has been through this process and is willing to share guidance/advice on how to make it go as smooth as possible.

Hey everyone! I'm currently looking for lender recommendations around the Columbus Ohio area. I'm wanting to purchase a 4 plex somewhere around Columbus as a fha house hack and need a pre approval letter to speed the process up a bit. Any recommendation will be greatly appreciated. I have a fair credit score around the 600's so I guess I'm also wondering if I should maybe bring that up a bit more before I apply for a pre approval or just go for it and see what I get. I'd like to talk with a few lenders within a one month period to avoid excessive hard inquiries on my credit.

I'm looking to get some realtor contacts within Columbus, Cincinnati, Indianapolis markets, anyone that you've worked with, or any realtor on this site that works with MFH (2-4 units). I'll be in these cities this weekend and next week, I would love to setup meetings with them in advance. 

Thanks everyone, 

Hello fellow investors.   I have a property under contract to sell.  I would like to use a 1031 exchange to maximize my return and use my proceeds of around 40k to invest in a small multi-unit in Columbus, Oh.  If anyone has a reference of a good qualified intermediary, it would be greatly appreciated.  Also, any leads on a cash flow 2-4 unit would also be appreciated. all advice welcome! Thanks in advance!

Hey all. I currently work in property management for a small (but growing) family owned company in Columbus, Ohio. My goals are big but attainable. I would like to purchase my first investment property within the next year, hopefully house hacking with renting out a room or two. Ideally, I would like to maintain a rental portfolio ranging from single family homes to small complexes. Joining Bigger Pockets will hopefully enhance my education in real estate and be a motivational outlet to stop making excuses. 

Hello everyone. I'm Nathaniel but go by Nate. I'm starting here working my way towards that first deal. Being military I'm looking to get started in the area I grew up in east of Columbus Ohio. Having to work out of state I'm also considering looking outside of that area of the rust belt. Looking forward to growing and working with you all.

I'm a new invester just getting education on investing. I have about $50,000 in equity in my primary home and I have about $90,000 in consumer debt, this does not include my mortgage. I'm trying to figure out the best method to get out of debt. Should I take that $50,000 and flip a house? Is that possible with only $50,000? Or should I purchase a rental with that $50,000? Or should I take the $50,000 and pay off some of my consumer debt. I want to be a real estate invester and eventually quit my 9-5 but I'm just trying to figure how to get started with all the consumer debt I already have. So what would you do with $50,000 if you had it?

Are there any investors in and around the Columbus area? I want to be in contact with you. I'm coming across off-market opportunities and would love to pick your brain and see how you analyze and assess value. Taking on more than I can handle! Message me!

Jeff