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All Forum Posts by: Zeke Liston

Zeke Liston has started 2 posts and replied 1544 times.

Post: Purchasing Rental Properties in Columbus OH

Zeke Liston
Posted
  • Real Estate Agent
  • Columbus, OH
  • Posts 1,622
  • Votes 1,498
Quote from @Michael Potorti:

Analyzing areas around Columbus OH for purchasing duplexes and SFH for appreciation / cash flow - would like to stay in $100-200k range - any insight on where to target and areas to avoid are appreciated.


 I agree with the above comments. Newark, Deleware, and Obetz could also be a good neighborhood to consider, just about 25 minutes outside of Columbus. 

Post: First investment property help

Zeke Liston
Posted
  • Real Estate Agent
  • Columbus, OH
  • Posts 1,622
  • Votes 1,498
Quote from @Jenifer Garcia:

Hello,

I am still working towards finding my first deal and find myself not confident enough to squeeze the trigger and make an offer. I am also investing out of state.

The following is an example:

Asking price: 135k

Comps: $185-210k

Location: OH, 43123

Description: 3 bedroom 2 bath 1530 sq-ft and a full basement. Property needs moderate rehab.

My questions.

1. How can I get the most accurate rehab cost before making an offer?

2. What steps should I be taking to ensure I am buying right?

3. Tips for investing out of state. Buy process and rehab process.

All feedback is appreciated!!


Hey Jenifer, congrats on the opportunity! 

1. You likely won't be able to get a super accurate rehab cost before you make an offer. This will likely come in your due diligence period (typically the first 7-10 days after offer acceptance). 

2. You should review the comps and cash flow predictions to make sure you're hitting your metrics. 

3. Make sure you have a good team in place. Sounds like you'll need a contractor and definitely a property manager. You don't need to have this all figured out before making an offer but make sure you're working on getting this team together. 

Good luck! 

Post: Newbie from LA

Zeke Liston
Posted
  • Real Estate Agent
  • Columbus, OH
  • Posts 1,622
  • Votes 1,498
Quote from @Nestor Hernandez:

Hello Bigger Pockets Community!

I am new to real estate and based out of LA looking to learn more about out of state investing! I'm excited to be a part of this community and eager to learn! Looking for people in LA doing local meetups with the same goals.


 Hey Nestor, there are tons of great resources and books about out-of-state investing in BP. I'd love to connect, I'm based here in the Ohio market. 

Post: Investment ideas question

Zeke Liston
Posted
  • Real Estate Agent
  • Columbus, OH
  • Posts 1,622
  • Votes 1,498
Quote from @Bernie Burke:

Hello, I’d like to hear some ideas as far as what you would do if you had $100k in cash to invest? I already own a few rentals and feel the market is too high to purchase more right now.


Hey Bernie, I would find another market where you can hit your investment goals. If you're after cash flow, the Midwest has some good options. Ohio is my local market, and I've been able to hit good cash flow while still seeing solid appreciation. 

Post: Intro NewB Investor Hungry for Deal!

Zeke Liston
Posted
  • Real Estate Agent
  • Columbus, OH
  • Posts 1,622
  • Votes 1,498
Quote from @Christian Torres:

I am a new investor currently located in San Diego, California . I am looking for multifamily properties out of state, preferably in markets that are only a short flight away.  I currently own a two unit property in San Diego, but would like to expand my portfolio. I have taken commercial multifamily mastermind courses, and I am part of a couple of real estate investment groups and mentorships. I am looking for potential partners to help me in this real estate journey. Happy and excited to be here! 


 Congrats on the duplex in San Diego Christian. Have you researched the Ohio market at all? There are several top-growing cities in Ohio, and there are good opportunities for cash flow. 

Post: Rookie Investor - Where To Start?

Zeke Liston
Posted
  • Real Estate Agent
  • Columbus, OH
  • Posts 1,622
  • Votes 1,498
Quote from @Atlas Blake:

Greetings Fellow REIs,

I took the plunge into REI approximately three months ago and have been immersing myself in learning ever since. While I have some liquid cash on hand to kickstart my journey, I'm keen on optimizing my resources.


Initially, my strategy revolves around engaging in fix-and-flip projects to generate capital, with the goal of transitioning into mid-term rentals. I'm currently exploring opportunities in both the Southern California and mid-east markets.

Another consideration on my radar is the prospect of "Owner Occupying" my inaugural multifamily home in San Diego, with plans to expand my portfolio from there.

I would greatly appreciate any advice or insights from those with experience in the field. Thank you in advance for your guidance! 

 Hey Atlas, house hacking is a great way to get started. If that's not an option, Ohio has a lot of great options for BRRRRs and flips. 

Post: Guidance from Real Estate Experts on Purchasing my First Rental Investment

Zeke Liston
Posted
  • Real Estate Agent
  • Columbus, OH
  • Posts 1,622
  • Votes 1,498
Quote from @Shola Sulaimon:

Dear all,

I am new to real estate rental investment and looking to purchase my first rental property as a source of passive income. 

I reside in Santa Rosa, CA and property prices are way too expensive, as such looking in out-of-state areas. 

I've honed down to select areas with 1 Year CES Job Change Percentage >2%...  

1. Texas: Austin, Dallas, Houston, San Antonio

2. Florida: Orlando, Tampa, Jacksonville

3. North Carolina: Durham & Raleigh

4. Georgia: Atlanta

5. Nevada: Reno & Las Vegas

I need help from folks experienced in the real estate arena in honing down to the top 5 areas & neighborhoods or any other areas you may have insight into.  I  am looking for positive cash flow with this investment,  locations with a propensity to increase in value & friendly landlord laws. Thank you for your insights!!!!


 Hi Shola, I've heard great things about all of those markets. I personally invest in the Ohio market, and my investments bring in good cash flow and appreciation. Columbus, Ohio, could be a market to add to your search. 

Post: New Member Introduction!

Zeke Liston
Posted
  • Real Estate Agent
  • Columbus, OH
  • Posts 1,622
  • Votes 1,498
Quote from @Justin Wakem:

Hi everyone! Super excited to have found the BiggerPockets community! I am based in Oregon and I am planning on diving into the world of out of state investing.

I have bought and sold a couple of  homes here locally but would love to start growing my out of state portfolio which I have very little experience in. 

Would love to be able to network and run deals by those with more experience than myself. Hopefully I can also be a resource to you as well. Thanks so much! Looking forward to connecting! 


 Welcome to the forums, Justin! I'm based here in Ohio. Would love to connect.  

Post: Physician starting out in REI

Zeke Liston
Posted
  • Real Estate Agent
  • Columbus, OH
  • Posts 1,622
  • Votes 1,498
Quote from @Matan Paret:

Hi all,

My name is Matan, I'm a physician currently in fellowship in CA (2 more years until I'm an attending making a decent salary). I recently became interested in REI after I found out one of my bosses at work has been doing long distance investing in multi family homes. I've read Rich Dad/Poor Dad and Rental Property Investing by Brandon Turner. I see how hard a lot of my colleagues work, even in their 60s, and I want to start investing soon, so I don't have to work grueling overnight shifts when my body won't have as much strength in 20-30 years like it does now. I currently have about $50k saved up, and my fiancee has about another $50k. We are both interested in REI, and plan on pooling our money together to invest.

My main issue is that I don't have a ton of time to travel to desired markets (thinking of places like Phoenix, North Carolina, Reno/Vegas, Ohio) to look at properties, network, meet potential team members, etc.  Also, after reading RPI by Brandon Turner, I'm aware of multiple strategies, but since I've never actually invested or bought a property yet, I feel like I'm overwhelemd by all the options, and find it hard to get started.  For example, I'm not too sure about how to actually find good deals/distressed properties, and how to actually find appropriate property managers, CPAs, lawyers, etc.

I think once I get started and inertia starts to build up, things will make more sense, but it's that first step that I'm finding difficult.  I would appreciate any general/specific advice that you all may have.  Thank you everyone!


 That's great, Matan; you're almost done! Have you thought about house hacking in your local market? It's a great way to get started that doesn't require much time or capital. If that's not an option, I can say Ohio is a great market for cash flow. 

Post: Advice on first investment (100k to invest)

Zeke Liston
Posted
  • Real Estate Agent
  • Columbus, OH
  • Posts 1,622
  • Votes 1,498
Quote from @Anais Rosales:

Recently got a salespersons license in California with the hope that this would lead me in the right direction towards investing and discovered soon afterwards that California is actually one of the worst places for investing. Haven’t started as an agent yet, but more interested in getting a head start with the investment side of things.
My dad and I have planned to partner up and get into investing together. He has no real estate background but does have more of the money to invest. Together we have about 100k to invest. Dad is more interested in fix and flip but open to other methods as well. Any suggestions on areas in California or out of state to get started? Suggestions for types of investing? Financing? Advice in general? I’m consistently between the Seattle WA area (also very expensive) and the San Diego area but open to better markets for investing.


 Have you considered house hacking in your local market? That could be a good way to stretch the cash you two have to invest. Another option could be investing out of state. $100,000 could get you several properties in the Ohio market.