All Forum Posts by: Tejas Padhiar

Hi everyone,

My partners and I (5 members, all based in California) formed an LLC in Ohio to invest in multi-family properties. A few years ago, we purchased a duplex in Toledo, and now we're considering expanding our portfolio with either a triplex or quadplex in the area.

Since none of us live in Ohio, we’d love to hear from local investors, brokers, and realtors about the current market:

• -     Does it make sense to buy now, or is it better to wait?
• -     How’s rental demand in Toledo—any recent trends we should know about?
• -     Are there any economic or policy changes that could affect multi-family investing in the near future?

We plan to finance our next property using a DSCR loan and would appreciate any advice from investors who’ve used one recently:

• - How easy is it to get a DSCR loan for a Toledo property?
• -     What are lenders typically looking for in terms of DSCR ratios, down payment, and reserves?
• -     Any recommendations for lenders who specialize in DSCR loans?

Would love to hear any insights or experiences from folks who know the Toledo market well. Appreciate any guidance—thanks!

Hello,

I live in Los Angeles but am looking to buy my first rental property in either Alabama or Ohio. Would anyone be able to guide me on how to decide which state is better in terms of buying a rental property and how to evaluate the pros/cons of each state.

Thank you in advance for reading my post and for your response.

@Joe M. Thank you very much for the 2 cents.

@Lee Ripma I appreciate the feedback and advice. I have been living in Los Angeles since 1994 and like you I love LA and am not willing to bet against it. I just noticed that you were on a Bigger Pocket podcast and my wife and I are looking forward to listening to it.

@Ali Boone My wife and I are certainly leaning towards investing in a investment property as opposed to a primary home. Your advise about investing in something that has the best chance of appreciating is in line with what we have been hearing from others as well. What you said about condos also makes sense and something we had not thought about much. Since we are new to this I need to learn about running numbers but I am glad that I joined this community where everyone is so helpful.

Hi Everyone,

I am a newbie to the Bigger Podcast family and am excited to join the community. My wife and I started listening to the podcast recently and have been enjoying getting educated on investing in real estate. We live in Los Angeles and are trying to decide if we should purchase our first home to live in or invest in a condo to generate cash flow and buy a bigger property to live in next year. I came across this article on Reuters about how the wildfires in California could spark a financial crisis and wanted to see what you all thought about the article:

https://www.reuters.com/article/us-climate-change-market-fire/how-californias-wildfires-could-spark-a-financial-crisis-idUSKBN2611TK?utm_source=morning_brew

Look forward to hearing everyone's thoughts.

Tejas