All Forum Posts by: Zeke Liston

Hi All,

I am interested in multi family (2-4 units), If you have 200k to invest, what market and why would you invest?\

Thanks,

Hello everyone. I'm excited to join the BiggerPockets family. I have my LLC (with my business partner) and we are looking to invest in properties to rent to Section 8. Any information/advice is appreciated and also how to properly set up our company, how to eventually scale our portfolio and looking to learn more about funding and DSCR loan. I listen to the Bigger podcast. I'm currently reading The Millionaire Real Estate Investor, and have the following books to read: The Book on Rental Property Investing by Brandon Turner and Section 8 Bible.

Hello. I am looking to purchase more properties in Ohio and was looking for lenders that do dscr loans with less than 20% downpayment. Also on loans amounts less than $75,000. Is there lenders that do this?

Hello BP People! I know that this topic has been beat to death already and that the general consensus is to house hack before buying, however, my situation is a little unique and I would appreciate some input from the community.

I have a new job with as an airline pilot and my schedule is 2 weeks on, 2 weeks off and I can live anywhere in the US. During my off time I will be picking up additional overtime flights as well so I am rarely ever home with travel. My parents offered let me have a room at their house to keep my things and to stay at when I'm in town for free. This effectively means that I don't need a primary residence at least for the next few years and my living expenses are practically 0. In the cities that I would like to live in, the prices are pretty high and most house hacks would be difficult to come close to cash flowing even with all units tenant occupied if I use my 0% down VA Loan. Even after moving out after the mandatory primary residence requirement. With that said, my plan would be to continue getting as much overtime as I can at work, living with my parents in the few days that I'm off work, and investing in rentals in lower cost, higher cash flowing markets. After building up a comfortable portfolio with decent cash flow, I could use the VA Loan to buy a house hack in an area that I like, even if the cash flow isn't great.

I would love to hear you guys' thoughts on this and truly appreciate any feedback. 

Have you ever noticed that people can send you a picture of themselves and then when you see them in person you think they look a way different?
I recently dodged a bullet. A seller that I had bought from prior to had sent us a property they were trying to assign the contract for.
I was out of state on a trip and so my sweet wife was the one handling most of the talking with the Wholesaler.

We put down $2500 and moved forward with the deal because the numbers made sense and the video look good. 

When I get back in town, I go and look at the property and it has major foundation issues and needed a whole new central heating and air and ductwork.   it basically needs a major overhaul. 

So for all practical purposes, when the dust clears, I would be buying at full retail, if not more.  

So my advice to anyone that would care to hear it is, do not buy a property based upon a video since a video will not exactly show you foundation issues, and other things that only being in person can help with.
I was more than happy to walk away from my $2500 earnest money instead of buying such a rat trap. 

I will be more diligent going forward when it comes to looking at properties in person, especially if it’s a person that has an interest at stake and are willing to pull a fast one on me.

What's everyone's thoughts on Cincinnati being named #2 hottest market for2024? Is this accurate? Is the area about to experience a lot of job growth and appreciation?  

https://www.zillow.com/research/2024-hottest-market-33566/

Hi 

I am planning to sell my property in Long Beach and looking to buy cash flowing property preferably in California but open to out of state as well. I have about 250-300k to invest. Open for suggestions. 

I recently purchased a duplex in Columbus and discovered after closing that the former owner had an estoppel in place with one of the existing tenants. Unfamiliar with how estoppels work so looking for insight on this as I would like to replace the estoppel  with a lease instead. Can the tenant refuse to sign the lease and chose to stay on the estoppel? Do they have legal grounds to do so? 

Hi,

I’m looking for investor friendly realtors in Ohio, WV, DE and PA to help me acquire fix & flip projects. Please get in touch with me if you’re interested.

I've been running the numbers on my first primary residence that I will be moving out of in June. BLUF - this would be my first rental property and I'm on the fence about what to do with the home. I currently have about $112,000 worth of equity and also have my VA loan tied up in the property. I locked in a great rate at 2.25% in 2021. My house is located in an appreciating area outside of the Denver Metro area. I will be moving out of state and I will be bringing on a PM company.

After running the numbers, I would be facing negative cash flow every month after accounting for all the expenses (Annually about $1,000 - and that's the rosy estimate)  Is it worth it?  If I sell the home, I don't plan on doing anything with the proceeds other than parking it in a HYSA.  I would love to keep the home for many reasons - potential appreciation, landlord experience, tax benefits.  But at the end of the day, it will not cash flow.