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All Forum Posts by: Zeke Liston

Zeke Liston has started 2 posts and replied 1567 times.

Post: Anyone worked with Ohio Elite PM company?

Zeke Liston
Posted
  • Real Estate Agent
  • Columbus, OH
  • Posts 1,645
  • Votes 1,526
Quote from @Remington Lyman:
Quote from @Ken Livingston:

Hello All. Close to closing a deal in Columbus and am looking at a few PM companies. Anyone ever worked with Ohio Elite? All you Reafco guys are great but looking for people that dont have an association. Thanks in advance


I would check out ERA or Heart and Home. ERA is trying to start sending us small referral bonuses but they have not figured out their tracking yet. Heart and Home does not do anything. We use them because they are large PM companies.

I would also check out 10X Property Management with Gamal

Yeah those reafco guys are skep


 Agreed with everything here. Brandon Sturgill is also another good option to consider. 

Post: Looking to finally start my real estate investment journey!

Zeke Liston
Posted
  • Real Estate Agent
  • Columbus, OH
  • Posts 1,645
  • Votes 1,526
Quote from @Adam Subervi Jr:

I am finally ready to get out of analysis paralysis and get some skin in the game! Have been following bigger pockets for some time and I’m now eager to get started on this journey officially! Looking to restart with some single family homes with slight rehabs that will allow me to put my hvac experience to good use! 


 There ya go, Adam. Do you plan on investing locally? Have you considered house hacking? 

Post: Is investing in University area of Akron a good idea?

Zeke Liston
Posted
  • Real Estate Agent
  • Columbus, OH
  • Posts 1,645
  • Votes 1,526
Quote from @Evelyn Allasi:
Quote from @Zeke Liston:
Quote from @Evelyn Allasi:

Hi, I am new here, new in RE in general, and I have a question, if there is anyone local from Akron I would highly appreciate the input. I am in FL looking to buy an investment property in Akron, the University area called my attention because of the need for housing for the students but in the neighborhoodscout crime website it tells me that area is so high in crime that makes me think twice about investing there. The fact that I am out of state makes it even more difficult because I am a single mom of 2 toddlers so I can’t go there physically before making a decision. I got a RE agent (referred by the lender) but she doesn’t seem Knowledgeable at all. So I need to find another one but in the meantime would like opinions, ideas. I basically wanna know the rental occupancy rate in that area. 


 Hey Evelyn, you'll find some good cashflow in Akron. My sister-in-law went to Akron Law School. The area can be dicey in some areas, but overall, it is pretty nice. Is there a reason you were specifically interested in that area? 

Affordability of their homes basically, landlord friendly, and closeness to Cleveland. So you think university of Akron area is a good possibility? 

 Yes, I do. 

Post: Can you use a Helco to buy an investment property

Zeke Liston
Posted
  • Real Estate Agent
  • Columbus, OH
  • Posts 1,645
  • Votes 1,526
Quote from @Cory Ray:

Can you use a Helco to buy an investment property in ohio. If so what would that look like. Being a Helco and I'd be buying a property and adding debt to the helco.


Absolutely, you can buy a HELOC to buy whatever you want. You will just want to make sure the property cashflows well enough to pay the HELOC payment or you have an exit plan to pay off the HELOC.

Post: Rent premium for 6 months lease via 1 year lease

Zeke Liston
Posted
  • Real Estate Agent
  • Columbus, OH
  • Posts 1,645
  • Votes 1,526
Quote from @Inga Davis:

Hello,

I was approached by a temporary housing company. My property is currently listed for rent at $1700/month as a long term rental (1 year lease) in Columbus Ohio (43219). The housing company is looking for a 6 month lease for a family who was displaced from their home and are looking for a 6 month lease. They mentioned that they are willing to pay a premium for a 6 month lease that most property owners charge.

My question is what would be an appropriate premium for a 6 month lease if I am asking $1700/month for a 1 year lease? I have no experience with temporary housing companies, but I know the rent would be guaranteed and paid directly by the insurance company which makes it attractive to me, then again I will have to look for new tenants in 6 months. 

Thank you,

Inga


One thing to consider is that six months from now, it will be October. The absolute best months to rent out a property in Ohio are April to September, the warmer months. Yes, it'll be guaranteed rent, but you may have a harder time finding a tenant once their lease is over, and instead of having one month of vacancy, you could be left with two or three months of vacancy. With that said, I love guaranteed rent. Could be worth it, just try to start pre-leasing the property about a month before their six month lease is over.  

Post: Searching for investor friendly real estate agents for house hacking opportunities

Zeke Liston
Posted
  • Real Estate Agent
  • Columbus, OH
  • Posts 1,645
  • Votes 1,526
Quote from @Timothy Altman:

Hello Bigger Pockets Bay Area Community,

I'm excited to embark on my "house hacking" journey here in San Jose! As a novice real estate investor with one rental property out of state, l'm eager to explore opportunities closer to home.

My plan involves "house hacking" by seeking out properties with ADUs or detached structures that can be converted into ADUs. To facilitate this, I may need to secure an FHA 203k loan for the ADU conversion process.

Since I'm a single individual, my strategy involves residing in the ADU while renting out the main home- whether it's room by room or as a whole —to other tenants. To navigate this process successfully, I'm on the lookout for investor-friendly real estate agents who can provide valuable guidance and support.

Im interested in move in ready, fixer uppers, multi-family, or sub-to/creative financing deals.

With my current lease expiring in October, l'm aiming to make a purchase around October or November. I'm eager to connect with experienced professionals who can help me realize my goals.

Let's discuss further and explore the possibilities together.

Looking forward to connecting!

Best regards,

Timothy


 House hacking is a great way to get started in your investing journey. I have never invested in the Bay Area but have worked with many buyers moving their portfolio to the Ohio market because of the landlord regulations in the Bay Area. I'm sure you could navigate it well with the right team, but it might be worth considering continuing to rent (or buy a single-family) and do OOS investing where you can find better cash flow and be in a landlord-friendly state. 

Post: Question about neighborhoods

Zeke Liston
Posted
  • Real Estate Agent
  • Columbus, OH
  • Posts 1,645
  • Votes 1,526
Quote from @Bonnie Cerruti:

I am in California and my goals are to purchase out of state rentals. One of my issues is I am not sure what the neighborhoods are like at the properties I find on-line.  Does anyone have an idea how I would find out if the neighborhood is good or not?  And help or suggestions would be appreciated. thanks


 Get connected with an investor-friendly agent who knows their city like the back of their hand. You can fact-check them with property managers on the first couple of deals you look at to build that trust. 

Post: STUCK! Am I missing anything that I could do?

Zeke Liston
Posted
  • Real Estate Agent
  • Columbus, OH
  • Posts 1,645
  • Votes 1,526
Quote from @D’Andre Ortiz:

Hey fellow BP members, I come to you guys for some much needed advice. About 2 years ago I bought a property as my primary residence, It has been great but now I am looking to actually move up and tackle some of my REAL goals. I have wanted to do a flip for a while but have been unsure of how I should go about raising the capital. I have 720-760 credit and almost 25k in assets. My main issue is employment history. This makes it to where I will not qualify for a traditional loan. The property I own now has roughly 30k of equity in it with an interest rate of 5.8% I guess my main question is do I tap into the equity of my home to try and do this flip? I also would like to have a better primary residence. I am willing to put off a flip to move into a nicer primary. I just do not know how I would be able to get financing for another primary residence without qualifying traditionally besides a private money loan or hard money. I unfortunately do not know of any private money as I am sure a lot of us are in the same boat on that one! and hard money would be too expensive, Am I missing anything guys??? I appreciate all the help in advance and please feel free to ask me to clarify further on certain things!


 As everyone else is saying, I would consider using hard money to do a flip. It's a bit risky with the capital you have saved up, so make sure it's an amazing deal. 

Post: i want to buy a course to learn Virtual real estate

Zeke Liston
Posted
  • Real Estate Agent
  • Columbus, OH
  • Posts 1,645
  • Votes 1,526
Quote from @Farshid Faww:

hello all

so as the topic say i want to buy a course that teach me how to virtually buy real estate and rent it out

i searched and found "The Virtual Investor's Guide to Out of State Rental Property" from investwithace that in 600$

but i wanted to ask if there is other options or any other guy that have a course online so i can learn more on investing and buying rental properties, as i dont live in usa and i want to work from abroad and i dont want to visit any of the properties my self

i want to learn the best way to do it

so i really appreciate if you guys can guide me here

thank you so much


Hey Farshid, some courses are great, and others are a great way to kiss your money goodbye. Before I would personally buy a course, I would listen to/read all the free material on out-of-state investing (there's a lot out there). 

Post: Purchasing Rental Properties in Columbus OH

Zeke Liston
Posted
  • Real Estate Agent
  • Columbus, OH
  • Posts 1,645
  • Votes 1,526
Quote from @Scott R.:

Interested in Columbus as well. Any agents out there that can help me with a MLS feed of seller financing 1-4 properties? Im not working with anybody in this market at the moment.


 As Remington mentioned, there aren't a ton of seller-financed deals currently available, but they come up every now and then.