Happy Saturday guys! Hope everyone is having a great weekend. I was wondering what are you favorite real estate meetups around Columbus OH? I’m looking to attend one once a week!. All replies are appreciated.
@DeMonte Hester Top Columbus/Central Ohio REI meet-ups:
Central Ohio Investors Network (COIN), Columbus Deal Makers Sessions (HomeVestors), Columbus Multifamily Investors Meetup, The CREAM (Columbus Real Estate and Mindset Meetup), and Newbie Real Estate Investors Meetup (investors with 5 or less deals).
I am one of the 3 hosts for the Newbie group, solid group!!
A new one I found is called Multifamily Investor Nation via Meetup.com.
COREE is for straight education (some networking if you plan to network--which I would heavily) and they will sell you on random programs/classes/seminars, etc. Good people there just be conscious.
Also, most groups (if not all) are once a month so put them on your calendar, set reminders, and attend!! It will be well worth it. I have met people/investors/millionaires at these meetups who have sped up my growth & influence in the Columbus, OH market and surround areas of Central OH.
DeMonte, what are your goals? What investing strategy you plan to implement?
@Chase Vance thank you for the reply and the lovely insight! My goal is to get into small multi family and single family investing with C class properties in B Class Neighborboods. I'm hoping to target the areas with good school districts, and ARVs around the 125K mark here in Columbus. The strategy that I'm most interested in is the BRRRR strategy currently! Just in the need of some private capital that I can put to work. What about yoursel, what strategy are you seeing works well in our market?
@DeMonte Hester Solid, I like it!! Very feasible for you there!! Don't put too much focus on schools if you find that great C class prop in a B area, because that's gold if the ARV and scope of work make sense, plus you can fund it. BRRRR for sure works here (Harvey Yergin is a master at it haha), just have to make sure your rehab and ARV is solidified and as close as possible to the real number or else you could lose your tail, not get it refinanced correctly, spend too much on rehab (materials/finishes and labor costs). BRRRR is all about the formula!!
In particular, the Asking Price, Rehab Costs, Retail Value/ARV, Your % of ARV, Your Max Offer, & Market Rent to Understand Monthly Cash Flow & Tenant Quality.
Other strategies that see success in Central OH are obviously wholesaling, you see some highly successful seller finance (Lease Options/Subject 2) investors, highly successful Private Money/Flip guys, and a few STR (AirBnB) investors. There are more for sure but that's what I hear/see the most.
On my end, I am wholesaling right now with Brian Jordan's team (he has been in Columbus for about 6 years doing it, has done it in TX, MI, and FL). One of the more reputable wholesalers in the area for sure. He literally messaged me on BP one day, we met at a Tim Hortons, talked REI, and it's been history ever since. He got me out of my full-time SEO/Web role too.
I am building up my capital to invest into a 3 or 4plex to househack as my first investment (live there for a yr).
My longterm and fulfilling strategy is longterm apartment investing, goal is to get to 100 units then 1000 units.
@Chad Carson That’s awesome man! We’ll definitely have to connect maybe grab some coffee? I’ll send you a pm with my cell phone number!
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