All Forum Posts by: Tom Ott

Today the Governor of Ohio issued an executive order requiring Ohio residents to stay home beginning March 23rd at 11:59 PM until April 7th. Thankfully, real estate and other key business have been deemed essential and have permission to continue operating during the executive order.

Page 7, Section U of the order states that the following business will be considered "essential." Professional services, such as legal services, accounting services, insurance services, real estate services (including appraisal and title services) among other obvious establishments like gas stations, grocery stores, and hospitals.

With a complete shut down avoided, what are your concerns, if any, regarding your real estate business, portfolio, or plans to invest?

Hello everyone! My name is Michael Jetzer and I am currently studying to get into buy and hold investing in my area (Fond du Lac, and surrounding cities). A little bit about me, I am 21 years old living in Fdl with my wife and 7 month old son in our comfortable 2 bedroom apartment. For the past couple years I've been in the CNC & conventional Machining trade and I plan to continue to stay in this field as I do like the work and pay.. Kind of a win win. Back to before, when I say I'm studying I don't necessarily mean schooling, but more so reading and listening to the BiggerPockets real estate podcast, aswell as googling questions I have about the many different aspects of REI. I do have a rather open-ended but feasible plan for the next 13 years that will bring my family and I to the ultimate goal of financial freedom through straight buy and hold investing. I would like to start off with house hacking with a duplex, and then purchase a couple more down the road until I can get into apartments. I have it mostly broken down in yearly segments and a lot of the variables are fixed into more strict than generous estimates to allow more underestimating than overestimating. There is a bit more to my plan but that's the gist of where I would like to head. Feel free to ask me any questions as I'm sure I'll be asking plenty throughout the forums. Thanks for reading this lengthy post, see you guys around!

Hello all.  Newbie from Las Vegas, Nv.  I am Kevin, as you can see from my profile.  This is the year I start my real estate empire.  I am on my fourth biggerpocket book, and been listening to the podcasts for a little now.  

Anyone in the Vegas area?

Goal #1, make enough money where my wife never has to work again.  Goal #2 join her.

Hey guys/gals, I'm Brandon Fixico from Okmulgee, OK. 

I'm a complete newbie in real estate investing, still trying to get to that first deal.

My reasons for wanting to crush it in real estate is that I want to be able to give my wife and children the lifestyle we've all dreamed of, and make retirement a real possibility.

My reasons for not having jumped in already is that I know my tendency to go straight for the elite level, not taking the time to build the infrastructure to support that level of success. 

My wife is well aware of this shortcoming of mine, seeing as how I've gotten us into trouble a few times before. She's the perfect balance to my ADHD, all or nothing side. So I refuse to dive in until I have the systems lined out in a scale-able fashion, so I won't run myself and my wife into the ground as I have before.

I'm the overly creative half, and she's the one who crushes it with systems in place.

I've studied and understand most strategies, terminology, and how they work together as much as I can without getting in there and playing with them myself.

We're almost to that launch point, and I'm getting excited...

I'm getting mixed messages on out of state rental property investing. Purchasing an investment in my own state is totally out of the question, I am out-priced. 

Who has experience investing out of state (good or bad)? Specifically how did you decide which state to buy in? Yes, I understand it must cash flow and make sense financially, but my assumption is it would make sense to continue purchasing in that same state? What resources were helpful to you (or not) during the initial process? What would you have done differently? 

Hello! My name is Jean, 30yrs old, currently as an Registered Nurse in LA! Currently i live in the Chino Hills CA.

Here to learn how to purchase my 1st ever investment property in WestCovina Chino Hills Area. Goal is to acquire one beginning of next year! I'm looking into a single family home that i can house-hack, then planning to do the BRRRR strategy on it.

So, it would have to be a house that is under-market value, but since i'm new to the field, probably just cosmetic fixes and minor renovations would be ideal!! 

Been listening to a lot of podcasts and reading books, learning as much as i can, but i figured i need to really step out of my confort-zone and start doing something now!

So i'm here looking to connect with anyone near my area in the real estate investing field! So if anyone is near the LosAngeles/Chino/WestCovina/Anaheim/Ontario area, let's connect! 

Thank you and have a great day everyone!

Much excitement, 

Jean :)

I’m beginning to get messages from tenants who are in the service industry that have been laid off due to corona virus and can’t pay rent. Any suggestions on how to address this issue. 

Hello fellow BPers!

I have bought turn key properties before and I have been lucky enough to have a pleasant experience.  I have come across a new (to me) turnkey company called:

Cash Flow Real Estate Investments

http://www.cashflowrealestateinvestments.com/

I have been trying to do research on them but given their name it has been a bit difficult.  Wanted to see if anyone here is familiar with the company or have used them before.  I am looking to purchase properties in the Kansas City area.

Thank you!

Kyle

Hello Everyone, 

My name is Ben and I am new to this site. I rarely post any type of message/review, but this site has been very informative and loaded with valuable resources with different people across the country that I just had to submit this post. It's amazing what you can stumble across when searching the web, I had no idea that this website even existed. 

I currently own and rent 5 homes in Southern California. I just sold a business and want to invest in additional properties but the housing market just doesn't make sense with some of the inflated prices in our area. I have always been told to buy in "your area" since you know the market and can be easily managed. I have remodeled and maintained all these properties so I am very involved with any maintenance/repair that needs to get done on these houses. 

On this site, I see many people investing properties out of state and sometimes across the country. I know the housing market prices are very different compared to CA. and I want to pull the trigger, but I'm having a lot of doubt of taking that first step away from CA. 

I guess my question is/are....Is it worth it to invest out of state? Do I let go of what I have been accustomed to for the past 8-10 years and lean on a property management company?  How reliable are property management companies? Are they looking out for your best interest? (repair costs, quality of tenants, etc).  Because I have done everything myself or hired people I know and trust, I am having a hard time taking this step out of state. Doesn't help that my wife is not on board with this idea. I already hear enough of her "I told you so" responses. 
Any advice pros/cons of out of state investing would be greatly appreciated. Thank you