All Forum Posts by: Zeke Liston

We are out of state first-time investors wanting to purchase 2-3 separate MFH properties in East Cleveland, Ohio all under 50k each.

Are there non-hard-money lenders who can finance all three under one loan?  Is it even possible?

Any tips would help.  Thanks

Anyone has this type of a list for Columbus, OH?

Closed on 2 of my flips in Columbus Ohio this past week.  Hit my goal of flipping 4 homes in 2020 and now completing my rental goal of closing on my first rental which is a 4 unit apartment.  This year has been challenging but it has been my busiest year in the past 5 years. I appreciate all the help and love I received from my friends at BP

Hello, I want to shift my focus from investing in Canada to the US. I can't compete in this market here and I want to get started asap on increasing my investment portfolio. I'm wondering where the best markets are to invest, for a beginner - looking for turnkey properties at the moment. I also need a Realtor and/or wholesaler that I can trust to advise me and work with me, as well as a lender and an accountant and lawyer to get my business started up. I have a big why, I am dedicated to making this work, but I need a community in place because I know I can't do this alone. 

I am a Realtor in Ontario Canada and have a small investment portfolio here, so I am somewhat experienced but there is a lot I still need to learn about the US. 

Hello all,

My name is Jacob Diaz (sharing a pro account with my father, hence the name mismatch) and I'm currently living in Glen Head, NY. I recently graduated university and started as a software engineer. I'm looking to invest out of state, and through my research found Columbus as a great prospective market, to both cash flow and hopefully experience some appreciation.

To start, I want to target single-family homes with the BRRRR strategy. I'm hoping to get a good flow of deals going so that I can start putting my money to hard work and improve my real estate skills. I'm ready to put in the work now to enjoy the benefits in the long-term and the financial independence it can bring.

I'm a newbie when it comes to real estate, but I'm working hard to educate myself -- reading books, listening to podcasts, etc. I know that the pay-off will be immense. I'm always looking for learning opportunities so any advice or other learning resources, especially for someone looking to get started in Columbus, would be much appreciated. 

I'm posting here so I can start connecting with investors and professionals that are active in the area. It's cool to see how active this forum is, and I've already started to find some good contacts looking through the previous posts. 

Thanks!

Does anyone have a credit union or bank they would recommend that’s investor friendly in the Dayton OH area?

This my first investment in Columbus Ohio, its a property that I really DO NOT want to sell considering the money I put in. Additionally,  I have great tenants. However, looking to sale the property, this will be a 1031 exchange, using the profits for a 26 Unit. I would love to see the property go to good hands. Beautiful 4-unit in Old Oaks has exterior renovations including fenced yard, freshly painted exterior and camera system. 3 of the 4 units have been upgraded in the last year with kitchens, bathrooms, flooring, windows and central air. Two long-term tenants. All tenants below market rent. Rents should be $1100+ per unit as is. Many homes in the area have been rehabbed and value is increasing. Great opportunity for a condo conversion. Near Nationwide Children's Hospital and downtown. 

I'm in escrow to purchase a 6 unit apartment building in Ohio and I noticed the sewer and water costs were 73% of the total monthly expenses. Is there a way to lower those utility bills? Perhaps I could pay to have a system installed of some kind to be more efficient? Any help with this would be greatly appreciated. Thanks!

Now that I am starting to gather momentum in investing as well as my professional career, I feel as though I am getting close to the point where I am going to have to start thinking about a LLC or something similar. We file our taxes in New York.

Here is my scenario:

-I have a w2 job which as of right now is my main source of income. (NY)

-I am a new real estate agent with a few deals working. (NY)

-My future wife has a w2 job and will be an agent within the next few weeks. (NY)

-We are one year into a live-in flip (NY)

-We have a long distance buy and hold duplex in Florida (FL)

-We are in contract for a buy and hold duplex in Ohio (OH)

-We plan to build a portfolio of small multi-family in OH within the next year and refi all OH to a blanket. (OH)

My future wife and I own everything 50-50, what are your suggestions?

Hey all, I am just getting into real estate and want to see these two sides from other perspectives. I feel as though I understand the pros and cons of each throughly and have chosen out of state.

I live in San Diego, purchased a condo about 3 years ago and currently house hacking. I did a light to moderate remodel (new hard floors, carpet, popcorn ceiling removal, paint, new kitchen cabinets, electrical) and it has appreciated (with the help of Covid of course) 60k already. My goals are to buy and hold for cash flow, start with SFH and move up to multiunit.

I really want to invest in my backyard. It makes so much more sense, I know the area, I know the prices, I know the rents, I can do so much more here as far as fixing up places myself for way cheaper, and managing everything myself. But, the prices are so high and the numbers don’t work. If I rented out my entire condo I would still be negative $50 cash flow. Buying into most places here would barely meet the 0.5% rule.

So, I am looking to other markets, Columbus specifically. I can buy three SFH there for the price of one here. I'll never know the area as good as I do here, I'll have to have help managing, appreciation is not as quick, and I'll have to get things close to turnkey as possible to start until I can find honest contractors. But then again, who is to say I'll be in San Diego forever and this market too will become a distant investment.

I know everyone’s goals, opinions, and desirability factors are different, but from the generic standpoint what is your perspective? Less cash flow in your backyard, or more cash flow 2200 miles away?