Columbus, Ohio - Looking to Connect w/ Investors

1 Reply

Are there any investors in and around the Columbus area? I want to be in contact with you. I'm coming across off-market opportunities and would love to pick your brain and see how you analyze and assess value. Taking on more than I can handle! Message me!

Jeff

Originally posted by @Jeff Tyndall :

Are there any investors in and around the Columbus area? I want to be in contact with you. I'm coming across off-market opportunities and would love to pick your brain and see how you analyze and assess value. Taking on more than I can handle! Message me!

Jeff

 Hi Jeff, one of the first things I look at is the if the property meets the 1% rule.  This means that the gross monthly rents should be at least 1% of the sales price.  This is just the basic rule of thumb I use and then I try to get any available financials and run an analysis based one those numbers which are not always accurate unfortunately.  I check things like taxes on the county auditor site to confirm numbers and the use my knowledge of rents in the area to check the validity of the given rental income.  Often with 4 units and under, sellers want to see an offer before giving any financials so I make sure my offers are written contingent on my review of all financial documents.  I hope this helps. Good luck with everything! 

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