Investing in Columbus Ohio

[Martin Krimmel]

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

[Peter Lohmann]

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!