All Forum Posts by: Andy Pham

Thank you Brandon. I was looking in B-/C neighborhoods and my agent brought me a deal in North Linden that looked good. I purchased it because it wasn't too close to Cleveland and it's also near an elementary school which is a plus. 

It's in North Linden. With this first property, it may be a challenge to build equity through renos and have a good ARV if I have long-time tenants already occupying the units. Though I know I can do value-adds mostly with repairs and cosmetic renovations. That should get a decent ARV for refinance. I purchased this property know that it didn't have to be a homerun and it was mostly for the experience with having some skin in the game. My next deal may probably be a BRRRR as I believe that would help me reach my goals much more easily. Great question, Brandon.

 Don't wait and buy. Buy and wait. Feel free to connect with me anytime.

Yes definitely. Building a team is essential if you're just starting out in real estate investing out of state. It also gave me confidence to actually go through with it because I had a team that I could trust.

The total rent is about $1450 which is below market. Yes they've been long-time tenants. Thanks for asking, Lynn.

See what Remington said above about population and job growth. Those were a few of my main criteria when I was researching cities across the US. The truth is in the numbers. Be positive!

Yes, take it one step at a time. Just remember that Columbus is hot right now so be prepared to make a ton of offers. Let's chat some time. 

@Andrew Freed Columbus is great if you're looking for cash flow. I'd say the numbers depends on the different types of neighborhoods where some areas may have different rents/more house appreciation than others. The rents for my neighborhood is around $800 a unit for example. Property taxes are higher than average but the affordability of properties makes up for it.

Thanks Remington, I couldn't have done it without you.

@Geeta Bhatia I’m investing in Columbus, OH. I chose this market based on a lot of research, but you should find a market that aligns with your goals. Let me know if you have any questions.