Multi-family in Columbus Ohio HELP
Hi All,
I'm looking to acquire my first Multi-family building (preferably 5-10 units) in the Columbus, Ohio area within the next couple of months but I am not sure where to look for a "good deal". I find my self searching the internet and when I see a property that I like I plug in my numbers and the cash flow just does not seem to be enough. So my question is, where should I be looking for a small apartment building in a good neighborhood that needs some TLC and would generate good cash flow? Should I talk to a Real Estate Agent? Do I try to contact some whole sellers? Is it possible to find a good property online? Please fill free to give any tips and/or advice.
Most Popular Reply
Zach, I'm planning to go the mult-family route as well once we sell our current rental property. My plan is to reach out to local investors to determine where they are finding the good deals. Try finding a local REI group. Another option is to get in touch with an agent to deals with a lot of investors, she or he should be able to guide you in the right direction and may be in touch with whole sellers and foreclosure specific agents.
Happy hunting and Happy Thanksgiving.