All Forum Posts by: Steven Foster Wilson

Hey Lisa, welcome to BP! My wife and I love the Million Dollar RE Agent and the Million Dollar Investor by Gary Keller as well as The Abcs of Commercial Real Estate investing by Ken McElroy. You'll find these very beneficial in your real estate journey. Hope this helps!

 Hey Chris, what strategy are you into? Try looking at the Ohio market. Cashflow wise, Cleveland is king with some appreciation happening as well. Looking for appreciation? Come to Columbus, there are still 1% deals, but the more attractive part is the population growth and other economic drivers!

Hi Anna, welcome to BiggerPockets! This is surely the best place to start networking and learning. I always recommend the book “Rich dad, Poor dad” by Robert T. Kiyosaki to anyone starting out. Start listening to the BiggerPockets podcast starting at the very beginning and start growing your network, look on Facebook/BiggerPockets for different events, find a mentor doing what you want to do, and get to know the local lenders/brokers. All the best to your real estate journey!

Hi Catherine, welcome to BiggerPockets! This is surely the best place to start networking and learning. I always recommend the book “Rich dad, Poor dad” by Robert T. Kiyosaki to anyone starting out. Start listening to the BiggerPockets podcast starting at the very beginning and start growing your network, look on Facebook/BiggerPockets for different events, find a mentor doing what you want to do, and get to know the local lenders/brokers. All the best to your real estate journey!

Hey Tara, my wife and I love the Million Dollar RE Agent and the Million Dollar Investor by Gary Keller as well as The Abcs of Commercial Real Estate investing by Ken McElroy. You'll find these very beneficial on your real estate journey. Hope this helps! 

This will generally depend on what you're after. Looking for cashflow? Look into Cleveland, its got good cash flow potential with appreciation happening as well. Looking for appreciation? Come to Columbus, there are still 1% deals, but the more attractive part is the population growth and other economic drivers!

 Hi Kimberly, the fix and flip strategy can be a profitable venture if you've done everything correctly. You may want to make sure that you follow these top 4 tips that I have:

1. Do your research - Before purchasing a property, make sure you conduct thorough research on the location, the property's condition, and the potential cost of repairs. This will help you make an informed decision on whether the property is a good investment.

2. Know your renovation budget - You don't wanna overdo or underdo a property. Focus on the right improvements that will add value to your property.

3. Know your after repair value - The goal of flipping is to make money so you have to make sure you're not covering your all-in cost and you're actually making a profit

4. Time your sale right - When the market is favorable and the demand for housing is increasing, that's the best time to do it. This can help you avoid having to list your property for too long. Hope this helps and best wishes to your real estate journey! 

Hey Oby, first of all welcome to BiggerPockets! This will generally depend on what you're after. Looking for cashflow? You should look into Cleveland, its got good cash flow potential with some appreciation happening as well. Looking for mainly for appreciation? Come to Columbus, there are still 1% deals, but the more attractive part is the population growth and other economic drivers!

Hey Ahamed, welcome to BP! Looks like everyone already got this covered so I will just send some recommendations. This will generally depend on what you're after. Looking for cashflow? You should look into Cleveland, its got good cash flow potential with appreciation happening as well. Looking for appreciation? Come to Columbus, there are still 1% deals, but the more attractive part is the population growth and other economic drivers!

Hey Mishal, I'd choose the in-state option for starters provided that your local market can give you that 1-2% rule deal and if it's affordable. If that isn't available locally, then you should consider out of state investing.

There are a lot of markets to choose from if you're looking into better deals but before jumping in on this, make sure you have the right systems in place. Get a professional project manager, build a reliable team and get proper education of the market you're investing in.

The risk will be there but you'd be able to lessen it. The key is to make sure that you have those systems in place.

You can learn more from this link here: https://www.biggerpockets.com/blog/core-four-real-estate-team

As for my suggestions in choosing a market, I'm very biased. You should check out Cleveland, Columbus or Cincinnati. Your money will go very far, you'd be able to pick up a multifamily portfolio and start your cash flow. Not to mention Ohio is a landlord-friendly state. Hope this helps!