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All Forum Posts by: Zeke Liston

Zeke Liston has started 2 posts and replied 1544 times.

Post: Investor Friendly Title Companies ??

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

Any recommendations for investor friendly title companies in Ohio or Northern Kentucky? Looking for Title companies who are comfortable with handling flips and wholesales specifically in (Columbus, Dayton, Akron Cincinnati, Covington)


 I would reach out to Ohio Real Title. They are the second-largest title company in Ohio and do a lot of business all over the state. Hope this is helpful. 

Post: Location of starting the BRRRR

Zeke Liston
Posted
  • Real Estate Agent
  • Columbus, OH
  • Posts 1,622
  • Votes 1,498
Quote from @Alon A.:

Hey,

Im doing few posts lately to here feedback and understand what is the best route for me.

There is so many locations to invest and im struggling between few. 

I have around 150K-170K on hand to invest in any property i want.

I got approved for loans with 20% and good rates so that is not an issue.

I used to live in Austin Texas and i love Austin but i dont know if its good to invest for 1st time there.

DFW, Texas is attracting me as well and more affordable with around 200-250K houses

Jacksonville, Tampa & st pete is also interesting markets.

Columbus OH

Columbia, SC 

on other hand, there is cheaper im thinking to go with Cash Flow or with Appreciation ...

Cleveland OH, Akron OH are market with around 80K-100K houses and the rents on them are good, but the area it self its not have high appreciation rate year over year.

If i go with 250K + 50K remodeling it means i put 60K down payment but cant get $1800 -$2000 rent, so its not the best cashflow.

I need your help with what do you think in my condition is the best to do ? Im going between 6-7 different markets and im not focused, i need to build a team in one place , im spending ton of time about searching and searching more and more


 Hi Alon, I would suggest starting off by narrowing down a state. Once you have a state narrowed down, pick your top two favorite markets and reach out to agents in both markets. I would highly consider the team you'd be working with in both markets and decide from there based on what team is best suited for you. Hope this is helpful. 

Post: COLUMBUS CONTRACTOR NEEDED

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

Hi Everyone!

My name is Hamza, and I am a real estate investor from Dublin, Ohio. I am selling my home and would LOVE to find a contractor to help revitalize our two bathrooms. If you are a handy and reliable contractor or know of one, please message me,

Thank you! 


 Hi Hamza, that's great! I'm sure you'll get a lot of interest. Dubin is popping as usual. I have some recommendations I can share if you'd like.

Post: Rental Property - Cleveland

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

@Zeke Liston would you be able to connect with me any viable Agents and PMs in the area. I'm looking for smaller commercial units 5-20


 Absolutely. 

Post: Research on Columbus Ohio

Zeke Liston
Posted
  • Real Estate Agent
  • Columbus, OH
  • Posts 1,622
  • Votes 1,498
Quote from @Alon A.:

Hey !

Anyone can share with me research about all neighborhoods on Columbus ?

something like that:

https://www.biggerpockets.com/... 

there is a thread like that usually for each city ?


 Hi Alon, I have a map of Columbus I'd be happy to share with you. 

Post: Deciding on first RE investment

Zeke Liston
Posted
  • Real Estate Agent
  • Columbus, OH
  • Posts 1,622
  • Votes 1,498
Quote from @Paulina L.:

Hi all, I am new to investing. I'd like to get started this year, but a few questions on what may be the best choice for first RE as a way to bridge to more investments after. Would love other's advice on best first investment with ideal scenarios below:

Choice 1: Out of state investment (likely has to be anywhere between $75k-110k in purchase price), likely conventional loan, 20-25% down. I'm finding some ideal properties (I'm finding good market with decent cashflow OR bad market decent cashflow - however, as tempting as both are, I'm assuming either way to stay away from the latter. However, the former has been scarce).

Choice 2: Multi-family property (in CA), conventional loan/FHA. I would like it to be a buy/hold with cashflow - my issue with this is that most of the locations I am finding seem to be in great locations (high pop growth, high rent %s) but using the BP Analysis calculator the cashflow is either low or negative, is there any idea why that may be the case?

Q: Would like to hear advice on the above choices for first RE investment that would help with future investments (as well as any advice/answers on the questions in each!)


 Hi Paulina, there are pros and cons to both options. If you house-hack locally, you can self-manage the property and reduce your living expenses. From what I know about LA, the entry price for multi-family is quite high, so I'm not sure what your cash flow would look like after you moved out. The other option of OOS investing will give you the ability to invest in a property that cashflows well, and you can hire a PM to allow the investment to be passive. If you're searching for different markets, I would suggest Columbus and Cleveland with the price range you're looking in. If you have any other questions on OOS investing, I'd be happy to chat. 

Post: DSCR Lender on Columbus OH BRRRR

Zeke Liston
Posted
  • Real Estate Agent
  • Columbus, OH
  • Posts 1,622
  • Votes 1,498
Quote from @Seth O.:

Hi BP,

I'm looking for help finding a lender that is still doing DSCR cash-out refi's on investment properties. Hoping to pull at least 75% (ideally 80%) of ARV out of the deal, and wondering what the rates are looking like in todays market. The property is in Columbus OH and here are the details:

Duplex

3 bed/2 bath per side

Purchase: 150K

Rehab:153KEstimated ARV: $425K

Rental income: $1695/side = $3390/month or $40,680/yearCurrently owned free and clear

Any advice/direction would be greatly appreciated! Thank you!


Hi Seth, I'd be happy to share some recommendations. It's going to be tough to get to 80% LTV unless you go conventional. If you could do conventional, I know of a lender who will do 80% cash out for multi-family.

Post: Mike Yeung / Real Estate investor

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

Hello, I am new to real estate investing and hope to learn and grow to become a full time investor.


 Hi Mike, that's great. I would highly recommend getting a plan of action together and setting attainable goals. Otherwise, it's easy to get stuck in analysis paralysis. I bought my first property in November of 2019 and own over 40 doors now, so it is attainable if the right steps are taken. Good luck, and let me know if you have any questions!

Post: Rental Property - Cleveland

Zeke Liston
Posted
  • Real Estate Agent
  • Columbus, OH
  • Posts 1,622
  • Votes 1,498
Quote from @Alon A.:

Hi guys

My profession is a contractor and project manager but i live in California.

Im new to the BRRRR and i would like to start investing my first property in Cleveland, Ohio.

I kind of still wonder if its good to start investing over there, i did a lot of research and all the cities i want are for the next level but I need to start small. (i really like to invest in Raleigh , Austin, Durham, Charleston, Tampa.. but i feel that i need more money for that and i'm not ready to get into this market, a lot of competition. 

 I have 120K on side for investments, and I'm planning to take loan , no cash, that i can focus on fews things and not only 1 property.

The reason I want to invest there is because the properties there are cheap then all other places. i thought also on San Antonio, Corpus christi in Texas but prices there going 150-200K already...

What do you think on Cleveland for start? any other recommendation or its good market to focus? Ill be happy to hear what do you think for about what i said.


 Hi Alon, it sounds like Cleveland is a good market for what you're looking for. The city has good cash flow and a lower entry point. If you'd like, I can get you in touch with some contacts in the area (contractors, lenders, PMs, etc). 

Post: Looking to be your STR Co-Host or Take over your property if you want out.

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

Hello, I'm starting my new Hosting business, Rock Star Services LLC. I'm looking to work with a property owner ready to give up the hosting part of their short-term rentals in the Dayton/Cincinnati, OH area(s). I'm willing to take over your hosting as a co-host for a three-month trial to prove myself. The percentage is negotiable. Lastly, if you simply want out of the STR business, I'd like to take your property off your hands. Think about it and DM me if you're interested.


 Hi Roslyn, that's great! Dayton/Cincinnati are both great markets. If you're trying to expand, I have multiple clients in Columbus with STRs who might be interested in your services.