All Forum Posts by: Willie Creear III
Willie Creear III has started 10 posts and replied 26 times.
Post: Tucson & Arizona Creative REI Networking
- Investor
- Kent, Wa
- Posts 30
- Votes 18
Hey Emmanuel I am not a student yet in sub-to but I am leaning towards joining Jerry Nortons potentially. Not in the Arizona market as of yet but it’s in my radar. Would love to connect.
Post: Providing Capital to Small Business
- Investor
- Kent, Wa
- Posts 30
- Votes 18
Hi Kristopher,
I think this may be more suited for the classifieds area within the service section. Interested concept either way. Would love to hear more about it.
Post: 🏡 Looking for Extra Income Opportunities in Seattle, WA - the Rainy City! ☔🏡
- Investor
- Kent, Wa
- Posts 30
- Votes 18
Hi Carlos,
I would love to connect with you regarding your construction background and also your journey into RE investing. I have a construction company as on of my RE streams to support my portfolio. Let’s connect!
Post: Best Zipcode For Epicenter of University/Colleges
- Investor
- Kent, Wa
- Posts 30
- Votes 18
Quote from @Robert Ellis:
Quote from @Willie Creear III:
There is a huge market of Universities and Colleges in Columbus. I would love to know the best zip codes of neighborhoods that are in advantage of access to most of the schools in the area for a multi-family property. This would affect my deal analysis as well as my 5-year rental strategy as I am moving to the acquisition phase now in the market.
What is the top 5 zip codes at Epi-center?
IG@MattpriestJr
There is more than just Ohio State University Here. Here are a few:
OSU - 43201, 43202
Dennison - 43023
Capital - 43209
Columbus State - 43215
Devry - 43219
ODU - 43219
OSU Newark - 43055
Otterbein - 43081
These areas still have housing demands. These are all the ones within maybe 30 minutes off the top of my head but there are nursing schools here, other ones as well. Hope that's a good start for you!
Post: Best Zipcode For Epicenter of University/Colleges
- Investor
- Kent, Wa
- Posts 30
- Votes 18
Quote from @Ali Nichols:
Hey Willie - are you just looking in Columbus or are you open to other university towns?
I am open to all in the area. I really want to understand each small neighborhoods around surrounding schools different pro’s. My rental strategy is going to determine whether it will be a more room residential purchase versus a multi-family.
Post: Analysis Preference: GRM vs Cap Rate?
- Investor
- Kent, Wa
- Posts 30
- Votes 18
When it comes to smaller sized multi-families and small apartments what has been your preference for analyzing multi-door deals? I have been bouncing back and fourth between the two because of the potential value that each can bring to the table.
Whether your focus is on results around cash-on-cash return and profitability versus future gross income. It comes down to personal preference but which has been the best for you in your acquisitions & holding performance?
Post: Cincinnati, Columbus, or Cleveland?
- Investor
- Kent, Wa
- Posts 30
- Votes 18
Quote from @Jimmy Lieu:
Quote from @Willie Creear III:
What are the best markets in Ohio with comparatively high appreciation YOY? Is there investors in any of these areas that see any of their portfolio any appreciation trends that may surprise those who originally had only cash-flow intentions?
My Pre-investing Rankings (Personal Market Analysis)
1. Cincinnati
2. Columbus
3. Cleveland
Any honorable mentions markets to consider as well?
IG @Mattpriestjr
This is a great assurance and also the fact that there are 1% deals being produced.
Post: STR vs MTR Rental Strategy
- Investor
- Kent, Wa
- Posts 30
- Votes 18
What are the best options within the city limits as a rental strategy? I love the idea of an STR but with University of Michigan and Eastern Michigan it seems as if a student MTR would be a great option. There is also niche traveling progressional that could compliment an STR.
Which has been the better success rate for investors in the area? I am open to A/B testing the market in mid 2024.
Post: Best Zipcode For Epicenter of University/Colleges
- Investor
- Kent, Wa
- Posts 30
- Votes 18
There is a huge market of Universities and Colleges in Columbus. I would love to know the best zip codes of neighborhoods that are in advantage of access to most of the schools in the area for a multi-family property. This would affect my deal analysis as well as my 5-year rental strategy as I am moving to the acquisition phase now in the market.
What is the top 5 zip codes at Epi-center?
IG@MattpriestJr
Post: Mid-Term Rental Strategy: Rent By Room
- Investor
- Kent, Wa
- Posts 30
- Votes 18
Quote from @Conner Olsen:
Quote from @Willie Creear III:
I currently own a Mid-Term rental located in Greater Seattle. One of the strategies I picked up early to utilize was renting by the room. Through trial & error I have learned how to support this specific rental strategy but it can take a bit more attention for those who self-manage.
Although I love the concept, I do want to explore with other strategies as I expand my residential portfolio. What has been some of the best strategies for your Rent By Room? How do you support your tenants with operations and techniques that helps you be successful? Is there specific layout of properties that help you be successful instead of forcing the issue on any property?
IG: @MattPriestJr
Hey Willie, the best operators of rent by the room properties try to create a good atmosphere of likeminded people instead of random roommates that have nothing in common. As far as the successful layout of the property, no more than 3 people to a bathroom. You'll figure out the sweet spot for which layouts make the best returns, in Austin it's 4-5 bedroom+. Corner lots are great for housing a lot of cars. No HOAs are very helpful.