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All Forum Posts by: Min Zhang

Min Zhang has started 7 posts and replied 866 times.

Post: Hello! New here and need your advice please

Min Zhang
Posted
  • Real Estate Agent
  • Posts 890
  • Votes 1,089

I have been actively buying single family value add rental properties in Columbus, Ohio for the past 2 years. Although I prefer multi-family because it cash flows better. Make sure you are not over-leveraged and have reserves in the bank. If you do that for a while you end up a millionaire pretty quickly

Let me know how I can help.

Post: Is it rude to have your agent walk each property for you before you put in an offer?

Min Zhang
Posted
  • Real Estate Agent
  • Posts 890
  • Votes 1,089

Hey Mary,

It's not rude at all, and it makes sense that you want to see before you decide to commit. As an investor-friendly agent here in Columbus, Ohio, I spend most of my time finding off-market deals and conducting deep dives to cater to my investors. I find more value in doing that rather than driving around and showing properties to my clients. It depends on the agent's capacity.

I usually connect my investors with my contractor or inspector to walk through the property so that everything can be sorted out in one go, or I have my clients make an offer subject to a walkthrough, allowing us to get the ball rolling. 

Let me know how I can help! 

Post: New Member/First Post - DFW Area

Min Zhang
Posted
  • Real Estate Agent
  • Posts 890
  • Votes 1,089

I prefer to start in the Midwest, because the entry point is much lower and cash flows the best. As long as you develop your Core 4 like David Green’s mentioned in his long-distance investing strategy (realtor, contractor, property manager, and lender), you should be able to invest anywhere with confidence. I buy in Columbus, Ohio. Columbus has experienced so much growth for the past few years, partly due to the influx of tech giants like Intel ($20 billion), Meta, Amazon, and Google building warehouses and data centers in the area, which has contributed to an increase in property prices and more people moving into the city for job opportunities. I also invest in Cleveland and Cincinnati.

Post: Where to put money

Min Zhang
Posted
  • Real Estate Agent
  • Posts 890
  • Votes 1,089

Hello Brittany! It is definitely a good thing to invest in real estate. I suggest Tpreferto start in the midwest, because the entry point is much lower and cash flows the best. As long as you develop your Core 4 like David Green’s mentioned in his long-distance investing strategy (realtor, contractor, property manager, and lender), you should be able to invest anywhere with confidence. I buy in Columbus, Ohio. Columbus has experienced so much growth for the past few years, partly due to the influx of tech giants like Intel ($20 billion), Meta, Amazon, and Google building warehouses and data centers in the area, which has contributed to an increase in property prices and more people moving into the city for job opportunities. I also invest in Cleveland and Cincinnati. Let me know how can I help!

Post: Buying First Property

Min Zhang
Posted
  • Real Estate Agent
  • Posts 890
  • Votes 1,089

Hello AJ! Having the passion for real estate is the right attitude before investing. My preference is to initiate investments in the Midwest region, primarily due to its lower entry costs and the robust cash flow potential it offers. When you establish a solid Core 4 team, as advocated by David Green in his long-distance investing strategy (comprising a realtor, contractor, property manager, and lender), you gain the confidence to invest in any location. Currently, I focus my investments in Columbus, Ohio. Columbus has witnessed remarkable growth over the past few years, partially driven by the presence of major tech giants like Intel (with a $20 billion investment), Meta, Amazon, and Google, which have chosen to construct warehouses and data centers in the area. This has led to increased property values and a rising number of people relocating to the city in search of job opportunities. Additionally, I have investments in the Cleveland and Cincinnati markets. Let me know how can I help!

Post: Where to find partners for large apartment rentals

Min Zhang
Posted
  • Real Estate Agent
  • Posts 890
  • Votes 1,089

Hello Trevor! Having a 4 unit Apartment is definitely a great investment. I prefer to start in the midwest, because the entry point is much lower and cash flows the best. As long as you develop your Core 4 like David Green’s mentioned in his long-distance investing strategy (realtor, contractor, property manager, and lender), you should be able to invest anywhere with confidence. 

I focus my investments in Columbus, Ohio, a city that has seen substantial growth in recent years. This growth can be attributed in part to major tech companies such as Intel, Meta, Amazon, and Google establishing warehouses and data centers in the area. This has driven up property prices and attracted more people to the city in search of job opportunities. Additionally, I have interests in the Cleveland and Cincinnati markets. Please feel free to reach out if you have any questions or if there's any way I can assist you!

Post: Location - Trying to nail down a location for my first investment property

Min Zhang
Posted
  • Real Estate Agent
  • Posts 890
  • Votes 1,089

I prefer to start in the midwest, because the entry point is much lower and cash flows the best. As long as you develop your Core 4 like David Green’s mentioned in his long-distance investing strategy (realtor, contractor, property manager, and lender), you should be able to invest anywhere with confidence. I buy in Columbus, Ohio. Columbus has experienced so much growth for the past few years, partly due to the influx of tech giants like Intel ($20 billion), Meta, Amazon, and Google building warehouses and data centers in the area, which has contributed to an increase in property prices and more people moving into the city for job opportunities. I also invest in Cleveland and Cincinnati.

Post: First time Multi Unit Investor with specific targets

Min Zhang
Posted
  • Real Estate Agent
  • Posts 890
  • Votes 1,089

Hi Arnuv! Michigan is a good market as well. But if you're also searching for appreciation, Columbus is the place to be. There are still 1% deals but the more attractive part is Columbus is an expanding city, with several significant companies relocating to the area in the near future, resulting in an abundance of new job opportunities. I personally focus my investments in the Columbus area and have a network of property managers, general contractors, lenders etc. that I would highly recommend. If you're interested in identifying the right neighborhoods to invest in or exploring investment opportunities in Columbus, it would be a great idea to connect with you and leverage your expertise and network to navigate the real estate market effectively.

Post: Just joined Bigger Pockets and am looking for advice

Min Zhang
Posted
  • Real Estate Agent
  • Posts 890
  • Votes 1,089

Your approach to out-of-state real estate investment is well-founded, and focusing on the suburbs of Columbus is an excellent choice. The primary reason is the affordability of this area, which provides promising investment opportunities. Additionally, Columbus is a city on the rise, with several major companies slated to move into the region in the coming years, resulting in a surge of job opportunities and population growth.

Furthermore, rents in Columbus have increased 6% year-over-year, making it a great market to have a buy and old in. Having a budget around 200-250k can get you a great property in the suburbs with minimal rehab and great cash flow! Let me know how I can help!

Post: Leaving NYC to purchase my first multifamily investment property. Where should I go?

Min Zhang
Posted
  • Real Estate Agent
  • Posts 890
  • Votes 1,089

Cleveland is truly known for its strong cash flow potential. It is a cash-cow for out-of-state investors. If you are looking for a ton of cash-flow, then Cleveland is the way to go. But if you're also searching for appreciation, Columbus is the place to be. There are still 1% deals but the more attractive part is Columbus is an expanding city, with several significant companies relocating to the area in the near future, resulting in an abundance of new job opportunities.

So, while Cleveland is a strong choice for immediate cash flow, Columbus combines cash flow opportunities with the potential for long-term appreciation, making it a compelling option for investors looking for a balanced and promising real estate market.