Speaker
Remington Lyman
Appearances over time
1 episodes
Episodes
1
Podcasts
Quotes & moments
Remington Lyman started his real estate investing journey with only $7,500 to his name, purchasing his first duplex via a house hack with a roommate.
After working extremely hard at JPMorgan, Remington received only a 2% raise — the equivalent of an inflation-matching bump — which motivated him to invest in real estate.
Remington's first duplex in Columbus, Ohio cost $330,000 in 2017, which he and his partner considered expensive at the time.
While working full-time at JPMorgan, Remington grew his portfolio to 10 rental properties before being laid off in 2019.
Remington purchased a distressed 4-unit property for $80,000 cash, put $150,000 into renovation, and it appraised at $400,000–$450,000, allowing him to pull all capital back out.
Remington was making $60,000 annually at JPMorgan; after leaving he sometimes earns that same amount in a single real estate commission check.
Remington used a 1031 exchange to roll equity from a 4-unit property into a 24-unit apartment building, multiplying his unit count sixfold with one transaction.
Remington reached over 100 residential rental units plus 4 commercial deals within just 10 years of starting with his first duplex in 2017.
Remington and a business partner purchased a 24,000 square foot warehouse listed at $600,000, invested another $500,000 in renovation, and secured a 10-year triple net lease.
By buying his commercial warehouse in a designated Opportunity Zone, Remington can sell after 10 years and pay zero federal capital gains tax on the investment gains.
By converting residential units to medium-term rentals for traveling nurses, contractors, and students, Remington earns 50% to 100% more rent than traditional long-term leases.
By alternating house hack purchases with his business partner, Remington acquired 3 properties totaling 10 units in approximately a year and a half.
Remington owns 50% of a real estate brokerage with over 45 licensed agents, generating additional income through commission splits and deal opportunities.
Ohio Opportunity Zone investors can claim a state-level tax credit equal to 10% of the purchase price plus renovation costs, adding significant savings on top of federal benefits.
A 2% raise after a year of stellar performance at JPMorgan was all Remington needed to realize corporate life wasn't the path to real wealth. That single moment of frustration redirected his entire financial trajectory.
Remington bought a distressed 4-unit for $80,000 cash, borrowed $10,000 from his mom, renovated it for $150,000 with a mentor's capital, and refinanced it at $400,000-$450,000 — pulling out all invested capital and more. This single deal became the template for his scaling strategy.
Remington was cold calling property owners from the county auditor site after work to find deals. One owner didn't want to sell but gave him a phone number — which led to monthly beers with his first real estate mentor. Relationships built on genuine hustle compound over time.
After the BRRRR forced out all the capital and more, Remington and his mentor didn't stop there. They sold the 4-unit and used a 1031 exchange to defer taxes and roll all the equity into a 24-unit apartment building they still own today — found through the same cold calling hustle.
Columbus wasn't just convenient — it exploded with manufacturing investment from Intel, Anduril, and Honda, plus a massive higher education ecosystem supplying workforce talent. Remington saw it early and stayed put while the market appreciated around him.
By placing his commercial warehouse in a designated Opportunity Zone and holding for 10 years, Remington will owe zero federal capital gains tax when he sells. Ohio also offers a state-level tax credit of 10% of purchase and renovation costs — benefits he didn't fully capture early on, costing him hundreds of thousands.
Short-term rentals are overregulated and management-heavy; long-term rentals are safer but lower yield. Medium-term rentals — 1 month to 1 year — hit the sweet spot: traveling nurses, contractors, and students pay 50-100% more than traditional tenants, with far less turnover than STRs.
Finding deals and generating cash flow is the glamorous side of real estate. But Remington argues that tax strategy — Opportunity Zones, 1031 exchanges, state credits — is where generational wealth is actually built and preserved.
Remington uses a multi-pronged deal flow approach: realtors, pocket listings, wholesalers, personal cold calling, and virtual assistants in the Philippines who cold call on his behalf. About half his deals came from realtors; the other half off-market. The lesson: maximize every lead channel available.
In a triple net lease, the tenant pays ALL property expenses — taxes, repairs, maintenance, every bill. For Remington, this meant predictable monthly cash flow with almost no surprises, making it far easier to underwrite than residential rentals.
Instead of waiting 6-12 months between properties, Remington and his partner took turns getting loans and house hacking. The result: 3 properties, 10 total units, all within a year and a half.
Remington and his college roommate split $600/month rent in a roach-infested apartment to save up for a duplex down payment. Within months they had their first property and were living nearly rent-free while building equity.
Analysis
What they talk about
- Business 90%
- Education 10%
Connections
Shows they appear on and people they share episodes with. Drag to explore.
