All Forum Posts by: Zeke Liston

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

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.

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.

I have a property that needs some roof work completed. My PM contacted me about it, and said that, with their "25% management fee", the repair cost would be $X,XXX. Is that normal to charge an additional fee on top of my normal, monthly 10% of rent collected? It's not disclosed in the management agreement (nor are the other fees they tack on just for responding to a resident's request...), and I tried fighting them on it but they wont budge. I have another PM in a different stated that has helped me immensely with another property and hasn't charged anything above the monthly amount, so I'm just not sure if I'm extremely lucky in one case and normal in the other, or vice versa.   

Thanks a million for this information. I’m currently residing in TN. The market here is booming.. but, it’s a sellers market that comes with high prices and competition. I was looking for areas of the country that are on the way up and OH is on my radar. My question here is. If I’m living in another state would this license be valid in Ohio? Would I have to be a resident there in order to do wholesaling deals there? 

Hello, I'm looking for recommendations for a CPA or other tax professional to prepare my 2022 taxes. Someone familiar with REI, ideally in the Columbus, Ohio area but not required.

Thanks in advance for any advice.

I am looking for a licensed electrician, preferably independent but qualified, for work on a small mfh with knob and tube wiring. Location: Columbus, OH

Appreciate recommendations. Thanks in advance!

Hi BP Community,

I've been analyzing Cleveland, Cincinnati and Columbus for medium term rentals for traveling medical professionals. I am an out of state investor in Charlotte, NC which I've acquired 3 properties which I've been focused on appreciation here. I'm looking for a lower entry price point which is why I'm looking towards Ohio + have friends who live in all three markets. I am leaning towards Cleveland due to the lower entry price point and cash flow potential (on paper). I like Cleveland with the largest healthcare opportunity here, three large sports teams, and busiest airport in Ohio, and could pivot to a short term rental strategy down the road if MTR didn't work out as much as expected. I've looked at Columbus but the price appreciation here is similar to Charlotte and Cincinnati, doesn't look to have as many healthcare jobs/opportunities as Cleveland. 

Some of my hesitations of Cleveland are the crime rate, age of the homes, and population growth declining. Here are my questions below:

1. Have people had success here in MTR strategy? My concern is nurses wanting to be somewhere safe while also not too far from Cleveland Clinic/University. I've been told a few B/C+ but not sure if a street over could turn these nurses away from these homes.

2. A lot of the homes are 50-100+ years old for the lower price point to entry. My concern here is deferred maintenance with a smaller up front cost. Does anyone have any best practices or things they look out for, for these older homes?

I am open to feedback on Columbus and Cincinnati if people have thoughts in those markets that you think would fit better for my strategy.
Thank you!

Hello BiggerPockets community my name in Cody, I’m 23 and am just getting into Real Estate Investing. I was introduced to BiggerPockets by a former landlord and have been totally immersed in the Real Estate Rookie Podcast.

I am currently living in Ogden, UT but my girlfriend and I will be moving to Des Moines in June of this year. We have a savings plan in place and I have a new job with good pay and a substantial signing bonus lined up. This should put us in position to hopefully purchase our first property in the latter half of 2023. 

We are hoping to target small multi family units in Des Moines. Our plan is to live in one side and start with a long term tenant in the other side. We would like to transition to a medium term rental when we are able to furnish the unit. 

Thank you all for reading. I would love any thoughts, feedback, or advice from the more seasoned members of the community as I try to build my network. 

Hi All, this is my first post here, hoping it’s in line with the rules. 

Like a lot of people, I’m looking to buy my first property in the next 3 months or so. I want to focus on growth right now, so I am hoping to find properties that are in areas with good demographic trends. My goal is to have them cash flow positively, but am not hyper-focused on cash flow beyond that (I.e. I don’t need MASSIVE cash flow). The goal would be something that is a mix between cash flow and appreciation. 

I live in MA and don’t want to invest in Fall River/New Bedford so I’m looking out of state. I’ve looked at markets like Indy and Columbus (which seem very good) and then also at Kansas City, Cincinnati, and Jacksonville (though downscale FL particularly makes me nervous). The reason I am posting is to ask whether there are any particular smaller markets or sub markets I should be looking at as well? I’m particularly looking at the Midwest if anyone has any tips, but I’ve also heard there’s great stuff in the sunbelt around AZ in the Phoenix suburbs. Does anyone have any tips on where I should check out? 

Budget is about $200-250k after leverage (so about $50K down + transaction costs). Hoping not to do more than $20k of rehab. 

Thanks!