Rental Property Investor 路 Columbus, OH 路 Member since 2017 路 3k+ posts 路 3k+ votes
I am from Columbus, born and raised and I thought I would put this out here for investors looking to invest in Southern Columbus. Areas like German Village, Hungarian Village, Southern Orchards
I believe Southern Columbus is defined by a couple trends
1. The weather is distributed west to east. However Parsons ave is a cliff and the wealth drops off tremendously as soon as you cross over it.
2. The wealth is also distributed North to South. The closer to downtown (German Village) the nicer things will get. There are some streets that help divide this wealth, not like a cliff, more like a hill (Whittier, Thurman, etc..)
3. Some things to consider though, Nationwide Chrildrens Hospital is assisting nurses with Down Payments for houses close by the hospital to help the area! Will Southern Orchards become the next German Village?
@Steven Foster Wilson I think Southern Orchards is a gold mine for investors. I am getting $1,100/month for a 3 bd 1 ba townhome that used to have active gang activity just a few years ago. Some of the properties I tour still have bullet holes in them. The city has been revitalizing Southern Orchards along with other parts of Columbus like crazy. I show my investors the below street view example (less than a 3-year difference) when they ask me why they are paying double or triple for a property that was sold just 3 years ago.
@Steven Foster Wilson I think Southern Orchards is a gold mine for investors. I am getting $1,100/month for a 3 bd 1 ba townhome that used to have active gang activity just a few years ago. Some of the properties I tour still have bullet holes in them. The city has been revitalizing Southern Orchards along with other parts of Columbus like crazy. I show my investors the below street view example (less than a 3-year difference) when they ask me why they are paying double or triple for a property that was sold just 3 years ago.
@Steven Foster Wilson I try to get my cash flow investors to buy in that area instead of Hilltop, Linden or Whitehall. I try to get my appreciation investors on the West side of Parsons.
I am buying wherever I can get a significant discount but I have yet to capitalize on any of my leads. I am about to have $200,000 on 11/04 I will try to 1031. If I cannot find anything I might get into note investing.
Possibly sell it to a developer or look at developing it yourself in a couple of years when the area begins to reach a prime.
Though I鈥檓 not an expert or even familiar with King Lincoln. I know @Zeke Liston has done a lot of research in the area. Maybe he could shed some light on it.