All Forum Posts by: Zeke Liston

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $153,000
Cash invested: $75,000

This is a property in Old Towne East in Columbus,OH. Solid fix and flip. With a 460k ARV

What made you interested in investing in this type of deal?

This area is hot in Columbus and the numbers work great.

How did you find this deal and how did you negotiate it?

I found it through my GC. The sellers were asking 175k. We came in at 145k cash. We met in the middle at 153k.

How did you finance this deal?

I put up cash for the purchase. I am using private money for the other half of the purchase and rehab.

How did you add value to the deal?

This is a full renovation.

What was the outcome?

We just started last week. I will update when finished!

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Yes. DM Me!

I am a new real estate investor looking for book recommendations on Ohio real estate licensing. I’m considering getting my license but that is a long term plan. For now I am just looking for recommendations on books that follow Ohio real estate licensing requirements.

Categories

1. Real estate principals and practices

2. Law

3. Finance

4. Appraisal

Good morning BP,

I have been lurking around the forums and BP for quite some time. I decided to pull the plug and become a Pro member because I am tired of no action in REI. I have listened to 80% of the podcasts, read Brandon's book on investing with little to no money down. I am also halfway done with David's book on long distance investing. I have reached out (through BP) and found a great team (it seems) in Columbus, OH and Houston, TX however I have been hit with the truth. It seems I don't have the capital to invest.

Now I know some of you are like "C'mon, there is always a way" and those are the people I am looking for advice from! I know there are ways to start investing but I don't know how, where, when?! I have around $10k in reserves but that is my whole liquid funds. My brother has some money (around $30k) but isn't looking to be a lender (he wants to make money too, and quick). I live in Napa, CA where the market is too steep for me plus the thought of investing in CA makes me nervous because of how tenant friendly they are here. 

I know there are options. My wife and I make good money so I could knuckle down and pull a David Greene and work my day job (Deputy Sheriff), pick up overtime, and just be frugal and save for the next 6 months to get to around $20-30k then start investing. Or.... Anyone have any opinions or advice for this newbie?

Thank you!  

-Ronnie

@Steven Foster Wilson

Thanks Steven for the advice. I've been hearing great success stories there in Columbus, OH. Thanks for the helpful advice, both your BRRRRs are multifamily and that's exactly what I have in mind when doing OOS BRRRR. Is there still much off market value multifamily homes in the good areas?

We have the same strategy. I live in San Diego. However I am leaning more to the BRRRR strategy. I haven't invested yet and I'm trying to figure out what market I want to invest in.

Hi everyone after a long time of reading and learning here it's finally time to introduce myself. My name is Andriy and I'm from Brooklyn, NY.

I am looking to purchase my first rental property but I'm lost when it gets to location picking. Real estate in Big Apple is too crazy, to begin with, so I need something out of state. How to decide on the market? What to look for? Does it matter if it's a 3-hour drive or on the west cost? How is the experience of purchasing out of state when it comes to my availability there? 

I have about $50k cash to make the deal and pre-approved for $200k property with 15% down. 

Open to all advices on which location to start looking at with my budget. 

I am starting my search for another investment property for buy and hold, likely a duplex or triplex. I have property in Cleveland and am looking there, but also curious if other investors recommend nearby-ish cities? Akron, Toledo, Mansfield, Youngstown, or nearby? I have a realtor in Cleveland, but like getting a wider range of advice.

Any advice on these areas and whether you'd invest there or avoid them, and why. Thanks in advance.

We have a group here in Ohio who are looking at a development project. The project is in an opportunity zone and being able to leverage that will be key to the project. We would love to setup an hour long call with someone who has experience with opportunity zones and begin building a relationship. The help and guidance would be greatly appreciated!

Experience in investing in Cleveland Ohio?

What do you guys think of buying out of state property’s as my first investment i live in nyc were it is to expensive to start out