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All Forum Posts by: Andy Pham

Andy Pham has started 7 posts and replied 66 times.

Post: Looking to Learn About the Secrets Columbus

Andy PhamPosted
  • Rental Property Investor
  • California, US
  • Posts 67
  • Votes 82
Originally posted by @Account Closed:

 Glen Echo Ravine? That isn't in North Linden, its on the other side of the tracks, literally and figuratively.   Glen Echo Ravine is in Clintonville which is a much different area (much more expensive and 'foofy', I guess) ..  In fact for a while there was a sort of meme of calling North Linden "East Clintonville" which is a good way to upset both sides of the tracks!   

Our housing market is so competitive you don't need to describe any nearby attractions. In fact if you just stand outside your rental and whisper "for rent" into the wind, people will rush up throwing applications at you.... and I'm only half-kidding!

Talking about ravines, Walhalla Ravine is a neat area, its just north of Glen Echo. There's even ghost stories about it. It has some pretty neat houses overlooking it. 

Worthy parks within a short drive, Park of Roses, also in Clintonville, is pretty nice for a picnic or a starting point for an easy bike ride along Olentangy River.  Further away is Hayden Falls, which has an actual waterfall (well a central ohio version of one). For a longer day hike, you have Highbanks north, or Darby Creek Park further west out in the suburbs.

 See, this is what I'm talking about. These are the things that only a local would know about. 

Although I may not know it yet, this could be very useful information to me in the future. I want to learn about the restaurants, the parks, the trails, the nooks and the crannies of Columbus. Where I should be looking and where I shouldn't. I believe this is one of the best ways to learn about a market if you're investing out of state. It's almost like I'm becoming a local, virtually. 

I've already connected with Columbus locals over the phone and it's almost as if I'm there. I want to get to the point where I can say that I understand the market more than its bordering cities.

Now I know never to say "East Clintonville".

Post: Looking to Learn About the Secrets Columbus

Andy PhamPosted
  • Rental Property Investor
  • California, US
  • Posts 67
  • Votes 82

This isn't too real estate related but I just realized my property is fairly close to Glen Echo Ravine. Not sure if that's a hidden gem. Has anyone been there? Maybe it's something that I can advertise if I need to look for a new tenant.

Post: First Long Distance Out of State Rental Property!

Andy PhamPosted
  • Rental Property Investor
  • California, US
  • Posts 67
  • Votes 82

What neighborhood is your property in for Columbus?

Post: First Long Distance Out of State Rental Property!

Andy PhamPosted
  • Rental Property Investor
  • California, US
  • Posts 67
  • Votes 82
Originally posted by @Dmitriy Fomichenko:

@Andy Pham , way to go, congrats!

Thank you Dmitriy. Just placing one foot in front of the other.

Post: First Long Distance Out of State Rental Property!

Andy PhamPosted
  • Rental Property Investor
  • California, US
  • Posts 67
  • Votes 82
Originally posted by @Hagan Ramsey:

@Andy Pham again I encourage you to look at the metro area. Look up the Columbus MSA compared to Atlanta, Nashville and several other cities on your list

2.1% of the country is in the Atlanta metro area. 0.9% of the country is in Nashville (growing rapidly). 0.8% is in Columbus

You are confusing the legal incorporation of cities within the MSA as a point that should not “count” for population... when in fact the city had to grow big enough for its suburbs to incorporate in the first place

Oh yes, that makes sense. Sorry for the misunderstanding, I actually didn't think about that. I encourage anyone who's looking at potential markets to consider looking at MSAs. Thanks for the info @Hagan Ramsey.

Post: New Investor from San Francisco Closed on First OOS Property!

Andy PhamPosted
  • Rental Property Investor
  • California, US
  • Posts 67
  • Votes 82

I’ll definitely use that to connect with people. Thank you @Dmitriy Fomichenko.

Post: First Long Distance Out of State Rental Property!

Andy PhamPosted
  • Rental Property Investor
  • California, US
  • Posts 67
  • Votes 82

@Hagan Ramsey In terms of population, Columbus is almost twice as large as Atlanta.

Post: New Investor from San Francisco Closed on First OOS Property!

Andy PhamPosted
  • Rental Property Investor
  • California, US
  • Posts 67
  • Votes 82
Originally posted by @Antonio Cucciniello:

@Andy Pham That feeling when you first get the keys and/or rent check for that first property!!! Love it. Use this to push yourself to start getting creative! This is exactly how I felt when I bought my first one!

 Yes that's a feeling I'm looking forward to. I've heard many people say this. Thanks for the reminder, Antonio.

Post: Looking to Learn About the Secrets Columbus

Andy PhamPosted
  • Rental Property Investor
  • California, US
  • Posts 67
  • Votes 82
Originally posted by @Remington Lyman:
Originally posted by @Account Closed:
I dont think Columbus has any secrets honestly, at least real estate wise...  all data is public, having an auditor and recorder that has everything digitized is nice. Probably the only secret for landlording is knowing what areas tenants dislike and what areas they want to be in, so you can forecast what kind of tenant base you may deal with, and you get that just from running rentals locally.

restaurant wise there are a few secrets though..  like in terms of food not strip clubs,  hahah

 Private Dancer has the best food

 Noted, I'll bring the entire family if I ever visit Columbus. Uncle Joe would love the food there.

Post: First Long Distance Out of State Rental Property!

Andy PhamPosted
  • Rental Property Investor
  • California, US
  • Posts 67
  • Votes 82
Originally posted by @Brandon Sturgill:

@Michael Redmon

  1. 2nd Largest City in the Midwest behind Chicago (And Larger than Atlanta, San Francisco, Indianapolis, Charlotte, Nashville, Fort Worth, Denver, Seattle...and many others)
  2. Port Cities are a Thing of the Past- Columbus is the "Center of the Country"
  3. Cost of Living is Quite Low with High Quality of Life When Compared to Other Large Cities
  4. 1st Amongst the 10 Largest Midwest Cities in US for Population Growth, Job Growth, and GDP Growth.
  5. Realtor.com "Hottest Real Estate Market" in the US April 2019/ December 2020
  6. AAA Bond ratings
  7. #2 Metro Market in US for Mobile Network Performance
  8. Average age 31yrs. & Top "Hipster" Destination in the US
  9. 88 Jobs Paying Higher Wages than New York City
  10. Home to 2nd (soon 1st) Largest University in the US ($7B in Capital Projects & 60,000+ students)
  11. Hotbed of Startups and Venture Capital- "Exodus from Silicon Valley"
  12. 1st "SMART" City in the US ($50m DOT Grant)
  13. Intentionally Underbuilding to Hedge Risk...30,000+ units short of demand
  14. 11-County Region with Huge Room for Growth & Expansion (3million+) over the next 20-years
  15. 50% of the Columbus Population Rents
  16. All-time Record Low Homeownership for the Millennial Generation (largest population in America-bigger than Baby Boomer population)
  17. The Average Market Rent in Columbus has Climbed to $2,000/mo. (existing "affordable" inventory becomes very attractive)
  18. "1%" Rent-to-Purchase Price Ratios and 7-10% Cash-on-Cash is Normal.
  19. An Abundance of C/C- Locations in Extreme Transition with Verifiable Upward Trends
  20. Dozens of Neighborhoods with 70-90% Price Appreciation Over the Last 10-Years
  21. 20,000+ Multifamily Structures in Franklin County; Less than 10% Transact Annually
  22. Market Rents are Impossibly Low Across Existing Small MF Inventory

 Anyone who's looking for a reason to invest in Columbus, you better bookmark this right now. The next time someone asks, I'm gonna show them this list. Thanks for sharing, Brandon.