Suggestions On Where To Buy 4/11

[Alwilleed Kalout]

Hello all.

I am currently searching for a SFH or Condo to purchase in Columbus. I have a brief idea about the neighborhoods but, thought it wouldn't hurt to ask. Some preferences I have are:

• - Most important thing to me is a safe neighborhood. Minimum Class B
  
• - Within Max 20-25 minutes of OSU
• - I don’t mind a slightly older home or doing some rehab. 
  - Looking for an up and coming neighborhood that is growing. 
  
  My budget is $150k which is low, but, I’m hoping with the current state of events I can find something decent. Any feedback/insight into the Columbus market is appreciated. 

[Zac Mckenzie]

Hi Alwilleed,

I feel like more information is needed if you want answers that are a little more direct. A neighborhood that is truly up and coming is possible but could be tricky for your numbers/adventure level. For example, Milo Grogan, Old Town East, King-Lincoln Bronzeville, Southern Orchards, among others may be some of the most (up and coming) but they are no secret and demand is still outpacing the supply. There are still houses in these areas that you can pick up for 100K and a 50% Delta (margin of Rehab Budget, Fixed Expenses, and Profit) is a totally attainable number depending on your skill level as a rehabber/ project manager. 

What is your strategy? (you could gain a leg up on investors if you were interested in a live in rehab)

What are your goals? ( are you just doing this on the side, or does this need to be a major source of income)

It is doable and you are looking in a great market that brings many benefits with its challenges. Think of these challenges as variables to being successful, the more you can define them the better chance you'll have at reaching your goals. 

Best of luck and nothing will serve you better than relentless hard work.