Investing in Columbus Ohio

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Investing in Columbus Ohio

Martin Krimmel
Investor · Seattle, WA · Member since 2018 · 20 posts · 18 votes

Hi BP!

There are more and more articles about the strong population growth in Columbus Ohio and I'm curious who on here invests there or has opinions to share.

Is it a good market to invest in for small multifamily and what monthly cash flow/COC returns do investors see there?


Thanks!

Marty

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Peter Lohmann
Property Manager · Columbus, OH · Member since 2012 · 309 posts · 275 votes
6y

If your timetable is 10+ years, the purchase price is almost irrelevant as long as the income can support the debt + expenses of the property (and that's a BIG if). 

But many (most?) investors tend to churn properties in search of "deals", and if you're looking to cash out in less than 5 years, I would not suggest buying in Columbus right now. But I'm certainly not a trained economist or anything so I wouldn't necessarily take my advice if I were you!

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  • Steven J. Umaña
    Attorney · Columbus, OH · Member since 2015 · 95 posts · 60 votes
    7y

    Hey Marty - Welcome to CBUS. I'd be happy to chat about my experience if you'd like to direct message me. Happy Investing!

    Steve

    1Reply
  • Joshua Biondi
    Columbus, OH · Member since 2017 · 101 posts · 56 votes
    7y

    @Martin Krimmel I’m no expert but I’d be happy to connect and tell you about my experience thus far. Feel free to shoot me a PM.

    0Reply
  • Joshua Biondi
    Columbus, OH · Member since 2017 · 101 posts · 56 votes
    7y

    @David Yoder hey David, may I inbox you as well?

    0Reply
  • Vincent Gable
    Member since 2019 · 32 posts · 26 votes
    7y

    Also in Columbus, im no expert but i have a few rentals here in town. If i can be of help please feel free to message me.

    1Reply
  • Michael C.
    Investor · Columbus, OH · Member since 2015 · 61 posts · 29 votes
    7y

    @Martin Krimmel

    Returns are good here, only thing is people are now over paying for properties!

    0Reply
  • Martin Krimmel
    OP
    Investor · Seattle, WA · Member since 2018 · 20 posts · 18 votes
    7y

    Thank You all for replying. I've reached out individually. I am looking for an experienced investor friendly agent and a great property management that could help me find deals in Columbus. Any contact here is appreciated!


    Thank you!

    1Reply
  • Alma Bagaoisan
    Member since 2019 · 66 posts · 15 votes
    6y

    @Martin Krimmel hi we’re you able to invest in Columbus. I’m interested investing in the area also.

    0Reply
  • Zeke Liston
    Real Estate Agent · Columbus, OH · Member since 2018 · 1k+ posts · 1k+ votes
    6y

    Hey @Martin Krimmel I invest in Columbus. Although it's harder to find good deals on the MLS there are some great off-market investments! I highly suggest investing here!

    1Reply
  • Martin Krimmel
    OP
    Investor · Seattle, WA · Member since 2018 · 20 posts · 18 votes
    6y

    @Alma Bagaoisan I have not yet at this point. Was wrapping up a property in NYS and haven't been able to go deeper into Columbus but always interested and will keep a look out.

    1Reply
  • Matt P.
    Investor · Columbus, OH · Member since 2015 · 625 posts · 601 votes
    6y

    @Michael Conrad Real talk. It's crazy lol every week there is a thread or 2 asking how people like investing in Columbus or wanting opinions on it.

    1Reply
  • Remington LymanBusiness Member
    Real Estate Agent · Columbus, OH · Member since 2017 · 6k+ posts · 7k+ votes
    6y

    @Martin Krimmel Good luck! It is a great market if you are willing to put some work into it. I believe it is a harder market to enter due to its popularity. Cleveland and Cincinnati have a lot more readily available "deals", but I believe REI in Columbus will pay better dividends in the long term.

    [email protected]614-541-8475Podcast Guest on Show My Job Laid Me Off, So I Replaced My Salary with Rentals
    Reafco512 Reviews
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    1Reply
  • Josh Chastain
    Columbus OH, Northern Virginia · Member since 2019 · 13 posts · 11 votes
    6y

    @Remington Lyman What’s your recommendation for an out of town investor looking to break into the CBUS market?

    Any info would be helpful. Thanks!

    1Reply
  • Remington LymanBusiness Member
    Real Estate Agent · Columbus, OH · Member since 2017 · 6k+ posts · 7k+ votes
    6y

    @Josh Chastain I would get with a Realtor that knows how to work with investors. There are a few solid ones here on BP.

    [email protected]614-541-8475Podcast Guest on Show My Job Laid Me Off, So I Replaced My Salary with Rentals
    Reafco512 Reviews
    WebsiteView Page
    2Reply
  • Peter Lohmann
    Property Manager · Columbus, OH · Member since 2012 · 309 posts · 275 votes
    6y

    @Matt P. Yeah you're right about that and frankly it's kind of annoying. If you want to invest in Columbus, go ahead. But nobody is going to roll out the red carpet for you, and if they do, they are selling you something. We're literally in the midst of a red-hot market the likes of which nobody I know has ever seen, yet people are wanting to buy? Buy high sell low, I guess.

    1Reply
  • Remington LymanBusiness Member
    Real Estate Agent · Columbus, OH · Member since 2017 · 6k+ posts · 7k+ votes
    6y

    @Peter Lohmann where would you suggest investors go? Most of the investors that I end working with are bullish on the Columbus market and have a buy and hold strategy like myself. I think if I purchase solid multifamily assets that I can rent up easily I will be fine. When I am ready to retire in 5-15 years.

    [email protected]614-541-8475Podcast Guest on Show My Job Laid Me Off, So I Replaced My Salary with Rentals
    Reafco512 Reviews
    WebsiteView Page
    1Reply
  • Peter Lohmann
    Property Manager · Columbus, OH · Member since 2012 · 309 posts · 275 votes
    6y

    If your timetable is 10+ years, the purchase price is almost irrelevant as long as the income can support the debt + expenses of the property (and that's a BIG if). 

    But many (most?) investors tend to churn properties in search of "deals", and if you're looking to cash out in less than 5 years, I would not suggest buying in Columbus right now. But I'm certainly not a trained economist or anything so I wouldn't necessarily take my advice if I were you!

    3Reply
  • Remington LymanBusiness Member
    Real Estate Agent · Columbus, OH · Member since 2017 · 6k+ posts · 7k+ votes
    6y

    @Peter Lohmann I agree with you that investors love to churn properties. It is amusing to look up 4+ units in Linden/Hilltop/Whitehall and see how many times they have been sold in the last 5 years

    [email protected]614-541-8475Podcast Guest on Show My Job Laid Me Off, So I Replaced My Salary with Rentals
    Reafco512 Reviews
    WebsiteView Page
    0Reply
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