Columbus, Ohio Turnkey

[Sadie B.]

Hello All -

I am looking to purchase a turnkey rental in Ohio within the next few months. Columbus looks interesting to me, but I could use some guidance. Can anyone give me more insight on how taxes are in Ohio, and if there’s any specific areas of Columbus that I should be keeping my eyes on or avoid? Any advice is appreciated.

Thanks everyone!

[Joe Fish]

I used to live in Columbus and would like to invest there again, but I think it will be difficult to find a turnkey property there at this point in time, unless you're willing to have negative cashflow for a few years or have a large amount of capital to put into the deal. That will especially be the case if you want to have a property manager. Columbus is a good appreciation play in my opinion (better than the rest of Ohio and much of the midwest). It has a strong and diversified job market and relatively high quality of life for the midwest. Great restaurants, progressive-minded, large university. You might consider looking at the north suburbs.