Updated almost 8 years ago on . Most recent reply
East Franklinton Columbus - Buy and Hold
Hey BP,
After hearing such optimistic projections and opinions on the up-and-coming East Franklinton, I decided to drive through it myself. If I am going to be honest, I am a bit disappointed with what I saw. I assume that I am being ignorant and am missing something here. Let me elaborate below.
As someone who is looking to buy and hold, I do not see how I could cash flow in that area simply because of vacancy rate and lack of amenities. I fear that I could not find tenants that would actually want to move into any rentals in the area. Imagine moving into a rental that has a boarded up house on your left and right.
I do believe in the long term (or even short term) appreciation of East Franklinton if the city actually executes its plans on reforming it. Is anyone else feeling the same way? Is buy and hold a viable strategy for that area, and if so, which particular pockets of East Franklinton should I go visit again?