All Forum Posts by: Zac Lindquist
Zac Lindquist has started 23 posts and replied 80 times.
Post: Which Out of State Market to Invest In?
- Real Estate Agent
- Portland, OR
- Posts 85
- Votes 37
Originally posted by @Brian Tunnell:
I have to second @Lindsay Davis' points about Birmingham and getting a good property manager as early as possible, just from a multifamily perspective.
Small multifamily assets here see the same high CoC that we do in single family. If you're a yield investor, Birmingham continues to have an abundance of excellent opportunities!
As for the importance of the property manager, I can only offer one local perspective. My company, RentMonster leases for over 200 apartment communities here in Birmingham. My partner and I love working with investors, and we enjoy advising them on estimating market rents, loss to lease, expected return on this vs. that renovation choices, etc. However, when it comes time to sign a contract and get to work, we only work for management companies, and only the ones we know are good ones. Many of the best vendors here have the same policy. Of course, there are countless other reasons to find a good management company ASAP. Ultimately, everything just gets a little easier after that piece is in place.
Good luck!
Good insight Brian thank you!
I do realize the importance of a property management company and definitely will be using one since I am out of state. A lot to think about from everyone's experience in this post. Time to do a lot more research!
Post: Which Out of State Market to Invest In?
- Real Estate Agent
- Portland, OR
- Posts 85
- Votes 37
Originally posted by @Steven Foster Wilson:
Originally posted by @Zac Lindquist:
Originally posted by @Steven Foster Wilson:
Originally posted by @Zac Lindquist:
I have a property in my local state (Oregon) that I am thinking about selling to then 1031 into a property with more units, but do not know where to start. I have reached out to a few realtors in other states based on what I have found in the BP forums,but want to make sure I explore all options. I am curious as to how and why you guys have picked the markets you have.
I am looking to put 20% down, cash flow at least $200/door after management fees, utilities and expenses are paid and am looking at properties in the 450k-500k range. What tools should I also be utilizing?
I appreciate all responses!
My Clients invest in 3 main midwest markets
1. Cleveland - great cash flow
2. Cincinnati - Good cash flow, also some good areas for BRRRR
3. Columbus - Alot of gentrification and appreciation happening
Theres something for everybody.
Are you yourself investing in Columbus? Seems like a popular city in this thread!
I've got 15 units in the city and looking to acquire more! Columbus is a fast growing city with a lot of potential.
Whose the agent you have been using? I will reach out!
Post: Which Out of State Market to Invest In?
- Real Estate Agent
- Portland, OR
- Posts 85
- Votes 37
Originally posted by @Steven Foster Wilson:
Originally posted by @Zac Lindquist:
I have a property in my local state (Oregon) that I am thinking about selling to then 1031 into a property with more units, but do not know where to start. I have reached out to a few realtors in other states based on what I have found in the BP forums,but want to make sure I explore all options. I am curious as to how and why you guys have picked the markets you have.
I am looking to put 20% down, cash flow at least $200/door after management fees, utilities and expenses are paid and am looking at properties in the 450k-500k range. What tools should I also be utilizing?
I appreciate all responses!
My Clients invest in 3 main midwest markets
1. Cleveland - great cash flow
2. Cincinnati - Good cash flow, also some good areas for BRRRR
3. Columbus - Alot of gentrification and appreciation happening
Theres something for everybody.
Are you yourself investing in Columbus? Seems like a popular city in this thread!
Post: Help with Accountant Recommendations!
- Real Estate Agent
- Portland, OR
- Posts 85
- Votes 37
I am located in Oregon and looking for an account that understands REI. If anyone has any recommendations that would be very helpful and appreciative!
Thank you!
Post: Which Out of State Market to Invest In?
- Real Estate Agent
- Portland, OR
- Posts 85
- Votes 37
Originally posted by @Jeff He:
@Zac Lindquist
I currently own 5 doors in Ohio. Looking to expand into the Sunbelt
That's awesome congrats! What part of Ohio?
Post: Which Out of State Market to Invest In?
- Real Estate Agent
- Portland, OR
- Posts 85
- Votes 37
Originally posted by @Marc Rice:
@Zac Lindquist
Columbus Ohio is a great Midwest market that is rapidly expanding and is great for cash flow and appreciation hybrid.
How many units do you have there Marc?
Post: Which Out of State Market to Invest In?
- Real Estate Agent
- Portland, OR
- Posts 85
- Votes 37
Originally posted by @Mardica Henderson:
Hi Zac. I invest in the southeastern states. I use a 26 point criteria to identify the properties from which state down to which house. I look for landlord friendly locations with population growth and a healthy economy. I'm not interested in properties in bad school districts or crime areas. I prefer to rent to middle income tenants - they tend to care more about their credit and stay longer. PM me if you'd like and we can get into it a little deeper.
I just reaches out!
Post: Which Out of State Market to Invest In?
- Real Estate Agent
- Portland, OR
- Posts 85
- Votes 37
Originally posted by @Jeff He:
@Zac Lindquist
The sun belt is becoming a fairly popular region right now for real estate investors. Indiana and Ohio is also good.
Have you personally invested in that region?
Post: Which Out of State Market to Invest In?
- Real Estate Agent
- Portland, OR
- Posts 85
- Votes 37
I have a property in my local state (Oregon) that I am thinking about selling to then 1031 into a property with more units, but do not know where to start. I have reached out to a few realtors in other states based on what I have found in the BP forums,but want to make sure I explore all options. I am curious as to how and why you guys have picked the markets you have.
I am looking to put 20% down, cash flow at least $200/door after management fees, utilities and expenses are paid and am looking at properties in the 450k-500k range. What tools should I also be utilizing?
I appreciate all responses!
Post: How to find more deals as a new agent?
- Real Estate Agent
- Portland, OR
- Posts 85
- Votes 37
Originally posted by @Renee Moomey:
@Zac Lindquist this is a great question! Cold calling is the fastest way to hate what you do. Invest in Ninja Selling book and follow the Ninja path. Life changer. I closed 24 deals year 1 and despite health setbacks, I am on track to close more than 50 this year. Get in front of people you know. Transactions are everywhere. I refer out business I can't get to and am building a passive income.
Thanks Renee I'll definitely be getting it for my next book! Do you have a brief recommendation from the book that I can implement now before I read it?