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All Forum Posts by: Samuel Diouf

Samuel Diouf has started 1 posts and replied 1231 times.

Post: New to the Bigger Pockets community

Samuel Diouf
#4 Out of State Investing Contributor
Posted
  • Real Estate Agent
  • Columbus & Cleveland, OH
  • Posts 1,265
  • Votes 1,564

Welcome to Bigger Pockets Lynnette!

BP is a great place to learn and connect with fellow investors.

Post: New to Real Estate Investing – Looking for Advice on Out-of-State Markets

Samuel Diouf
#4 Out of State Investing Contributor
Posted
  • Real Estate Agent
  • Columbus & Cleveland, OH
  • Posts 1,265
  • Votes 1,564

Hey Yury, have you looked into Ohio markets such as Columbus or Cleveland? A lot of investors based in markets like California and New York are choosing to purchase their investments OOS in the Midwest because of the affordability and numbers making more sense.

Prices in Columbus are still low enough to find 1% rule deals and there's a ton of appreciation happening in this market as well. I actually moved from Florida to Columbus for the real estate. I saw how fast the city was growing and decided to make the jump.

One of the biggest mistakes I see newer investors make is buying a property before gaining a solid understanding of the market they're in.

For the questions around how to structure your LLC's I would highly recommend to consult with an attorney.

Building a solid team is crucial to OOS investing. I'd recommend connecting with an experienced investment focused agent first because they should have the other connections that you need.. Including PMs, GCs, and ect. 

BiggerPockets tools and Zillow are good places to start for analyzing deals and markets. 

For the size of your first deal... I see new investors have the most success in the 1-2 unit space because of the fewer moving parts and lower price points. 

Post: New real estate investor

Samuel Diouf
#4 Out of State Investing Contributor
Posted
  • Real Estate Agent
  • Columbus & Cleveland, OH
  • Posts 1,265
  • Votes 1,564

Welcome to Bigger Pockets Lydia!

Bigger Pockets is a great place to learn and connect with fellow investors.

If you’re looking to invest long distance, I definitely recommend building your core-4 team. This team consists of an Investor Focused Agent, Lender, Contractor, and PM.

Read this article on the "core 4". It explains the team that you should develop to have a strong foundation under you while investing remotely.

https://www.biggerpockets.com/blog/core-four-real-estate-team

Post: Looking for guidance

Samuel Diouf
#4 Out of State Investing Contributor
Posted
  • Real Estate Agent
  • Columbus & Cleveland, OH
  • Posts 1,265
  • Votes 1,564

Hey Robert, Ohio is a strong market to invest in. I started investing here after moving from Florida because of the growing area. I spend all day sourcing deals now.

Post: From Software to RE

Samuel Diouf
#4 Out of State Investing Contributor
Posted
  • Real Estate Agent
  • Columbus & Cleveland, OH
  • Posts 1,265
  • Votes 1,564

Welcome to Bigger Pockets Robert!

Bigger Pockets is a great place to learn and connect with fellow investors.

If you’re looking to invest long distance, I definitely recommend building your core-4 team. This team consists of an Investor Focused Agent, Lender, Contractor, and PM.

Read this article on the "core 4". It explains the team that you should develop to have a strong foundation under you while investing remotely.

https://www.biggerpockets.com/blog/core-four-real-estate-team

Post: Agent Referrals Agreement

Samuel Diouf
#4 Out of State Investing Contributor
Posted
  • Real Estate Agent
  • Columbus & Cleveland, OH
  • Posts 1,265
  • Votes 1,564

It might make more sense to just get your real estate license and list them yourself. 

Post: Multifamily Investor | Relocating to Columbus | 2–3 Unit Buy & Hold Focus

Samuel Diouf
#4 Out of State Investing Contributor
Posted
  • Real Estate Agent
  • Columbus & Cleveland, OH
  • Posts 1,265
  • Votes 1,564

Hey Daquan, Columbus, OH is a strong market to invest in. I started investing here after moving from Florida because of the growing area. I spend all day sourcing deals now.

Post: Lawn care referral for Cleveland (edgewater area)

Samuel Diouf
#4 Out of State Investing Contributor
Posted
  • Real Estate Agent
  • Columbus & Cleveland, OH
  • Posts 1,265
  • Votes 1,564

Hey Catherine, I'd love to share some referrals.

Post: Investing out of state- Section 8

Samuel Diouf
#4 Out of State Investing Contributor
Posted
  • Real Estate Agent
  • Columbus & Cleveland, OH
  • Posts 1,265
  • Votes 1,564

Hey Ihosvany, Cleveland could be a great market to look at if you're looking for cash-flow. Because of the low barrier to entry, plenty of investors from all over are looking at this city. I highly suggest working with an investor friendly agent so you don't buy in the wrong locations.

I like the west side of Cleveland. Look into neighborhoods like Jefferson, West Boulevard, Cudell, Clark Fulton, Brooklyn Center, Old Brooklyn, and Garfield Heights.

I suggest working with an investor friendly agent so you can get the right guidance!

Post: Multifamily Newbie Here

Samuel Diouf
#4 Out of State Investing Contributor
Posted
  • Real Estate Agent
  • Columbus & Cleveland, OH
  • Posts 1,265
  • Votes 1,564

It helps to network with as many people in the industry as you can. A great way to start is by attending RE events and joining a local investors association. You can usually find some events by doing a simple google search.