All Forum Posts by: Samuel Diouf

Following the LTR business model will be the easiest to systemize and scale up because there will be a lot less moving parts. 

STRs can give you more cash-flow but it will be a lot more time consuming and harder to scale even if you have a manager in place. Your buy-box would also have to be a lot more narrow. 

Hey Allen, the majority of clients I work with are OOS investors and I'm seeing them have tremendous success while investing from a distance. 

The main pattern that all of these investors share is a deep understanding of the markets they're investing in and a solid foundational team of experts they've built in their markets. 

 In Ohio, Columbus is popular for appreciation, while investors are attracted to Cleveland for the great cash-flow.

Welcome to Bigger Pockets Michael! Do you attend any local meet ups? 

For cash-flow, I would into areas up north like Linden and areas on the west side of Columbus, like Franklinton and Hilltop.

Linden is seeing a large amount of investment activity within residential 1-4 unit properties and newly developed facilities, which were ignited by the ONE Linden Plan. With new construction and renovations going on, on almost every block.

In Franklinton there are plenty of large projects going on that will bring massive growth to the west side of Columbus, such as the Peninsula Development, which is a multiphase project that will erect a 24 story apartment complex featuring a grocery store, a multi use office space building, and a new hotel featuring a two-story venue.

Welcome to Bigger Pockets Manuel!

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

Hey Sankalp, great choice for your market! Columbus, Ohio, is a great city to invest in where you can still find deals that cash-flow while also seeing a ton of appreciation with massive companies and developments coming in pushing the city's growth to new levels.

The first thing you'll want to do is build a solid team. You should start with a real estate agent that focuses on investing. They will be able to help you build out the rest of your team, give you the right market insight, and help you find the right deal.

Hey Jordan, I'd say house-hacking is one of the best ways to get into real estate investing. You’re able to learn the basics of a real estate investment with lower risk and build equity at the same time.

Being able to purchase a property with only 5% down means you can leverage your money way more effectively. When you’re investing with leverage, I think it makes more sense to do it in a market that’s showing plenty of signs for growth.

Hey Zachary, I would focus on one market first. Get a solid understanding of the area and build your team and systems there. Then, maybe expand after you've set everything up in the first market, expand to the second and third using the same method. 

Congrats on the first deal! I would start keeping track of everything that you've had/have to do while owning/acquiring this property. Always ask yourself if there's a way to systemize the different tasks you come across. 

The more you can systemize the process, the more time you'll have to work on the next deal or venture.