All Forum Posts by: Anthony L Amos Jr

hows rental market in columbus ohio for investors? is there any cash flow? also what part of columbus ohio is considered good, low on crime, fast developing yet still affordable to buy a house?

Columbus is an excellent rental market. We are expecting major migration to the area due to the billions of dollars of investment made by large companies. Some areas that are great for rentals would include Whitehall, Hilltop, Linden, South Columbus, and more. These are areas that are developing and affordable!

0 Votes

Columbus, Ohio

Quote from @Brad Tull:

Hi all, I'm new here. I was thinking about pulling 100-150k out of my house (currently owe 150k but worth 600k) to buy something to rent. I am not averse to something in the 10-35k range but would need to find the right mix of location and situation to pull the trigger on a project like that. I'm currently considering Erie, PA, Pittsburgh, PA, and Columbus, OH, although I am interested in NY state also.

Any thoughts would be helpful.

Hey Brad!

Glad you're looking at Columbus! Will the 35k be for down payment only? If so you'll be looking at homes in the 150-180k range. You can find a good rental homes in decent areas here in Columbus and you can find homes in even better areas if you were looking in the Toledo, Dayton, or Cleveland areas

3 Votes

Quote from @Brendan Lim:

Hey everyone,

I'm a first time real estate investor looking to close my first deal in Columbus, OH. I've got a lot of conflicting ideas bouncing around in my head, and I'm afraid I'm falling into analysis paralysis.

Are there any experienced real estate investors in Columbus, OH who would be interested connecting?

I know that real estate is super specific to the locale, and I'd love to hop on a quick call with someone who has context in the Columbus market.

Without digging too much into the details, I'm under contract for a duplex in the Franklinton area. The units are pretty much turnkey, but my analysis shows that the property will barely break even. In short, this would be an entirely appreciation-based investment.

Given the state of the economy today, with high interest rates and the seller-buyer lock out effect, I want to discuss the pros and cons of this investment at length, specifically in the context of all the other properties / neighborhoods that I have been evaluating.

I feel that I don't have enough experience to know if I could do better or worse. At the same time, I feel that time is against me. People always say the best time to invest in real estate was last year.

Great job taking the step to get a property in contract! I helped an investor purchase a duplex in Franklinton that is successfully being used as a short term rental. IMO there are two neighborhoods in Franklinton and your return can vary depending on which one you are in.

1 Vote

Columbus, Ohio

Quote from @Christine Vasquez:

Hello all!
I live in LA, and have a rental here as well. It has become too expensive to invest in another rental at this point. Looking for recommendations on states I can look into for a potential new investment. Long term/ short term rentals would work, ideally in the $400k range or lower. Thanks in advance for the help, open to any ideas.

Columbus, OH has plenty of development happening that have been bringing in workers from all over the U.S. and with a great inventory of A+ homes in the 400k range, it's definitely worth a look.

1 Vote

Quote from @Emily Shin:

Hello, I am new to this community and to real estate investing. Currently, I live in New York, but I am interested in exploring opportunities in Columbus, Ohio. This will be my first home purchase, and I am aiming to invest in multi-family properties.

What should I be aware of when purchasing a multi-family property? I am considering living in one of the units myself. Do you think that’s a good idea? Would living in the same property as my tenants have any downsides?

Any advice is greatly appreciated, and I look forward to connecting with all of you

Living in one unit and renting the other is a great idea! You'll have access to owner occupied loan products, therefore saving on your down payment, typically 3-5% compared to 20-25% for non owner occupied properties. This in turn can open up what homes you can buy since the numbers will make more sense when putting 3-5% down instead of 20%.

The downside will have more to do with your business personality. A tenant may try to befriend you so that you'll feel bad about kicking them out if rent is unpaid, etc. If you are firm and shrewd, you may not have this issue. If you are unsure, to start, hire a property manager and don't let the tenants know you are the owner.

2 Votes

Columbus, Ohio

Quote from @Enrique Toledo-Perez:

I'm a Realtor and I'm wanting to get into fix and flips by working with wholesalers and buying properties in neighborhoods with a good spread. I'm having trouble determining who's a good wholesaler and who's not. What are ways to determine who's a good wholesaler, and what should I be analyzing to determine if a neighborhood/area is good to invest in?

Just like you would as a realtor, use your marketing techniques (cold calling, mailers, networking etc.) to find good off market deals for yourself. Just be transparent with the sellers that you are licensed and for good grace recommend they use a realtor on their end, although not necessary.

However, in my experience the good wholesalers understand comps and construction costs, are transparent, have good referrals, and can actually get you in the property.

As a realtor, you'll be the boots on the ground. Sign up for local news articles, go to events in different areas, attend neighborhood association meetings, and just go out and have fun. Try new restaurants, entertainment venues etc and you'll have a pulse on what's going on in your area.

1 Vote

Quote from @Rebeca Moreno:

Hello! I’m actively seeking to purchase either a multi-family or duplex unit in the Columbus area for a medium rehab project. If you have any leads or information, I would love to connect and discuss potential opportunities. Thank you!

Nice! This is a great place to invest for appreciation. Are you looking to househack or rent both sides out? Do you have an experienced rehab team?

2 Votes

Columbus, Ohio

Quote from @Joy McQueary:

First time investor here! I am in the research process for a multi-family unit. My primary goal is cashflow so looking for an asset that works and is also in a growing area.

What are your tips on finding and evaluating areas to purchase? What are the current markets you recommend and why?

Start where you are most comfortable. There maybe a good cashflow market in your area. You can connect with the local chamber of commerce and/or planning and development departments to find what is coming to the area that would create some appreciation. Bigger pockets also have webinars on how to choose a market to invest. Narrow down your location based off of your comfortability, budget, local property owner regulations, and rent to price ratio, and you'll be building a portfolio in no time.

I have done fix and flips in Columbus where appreciation is strong, and I own a duplex in Toledo, OH where the price to rent ratio favors housing providers.

2 Votes

Quote from @Daniel Chapman:

Hey Family, I'm looking to invest in Toledo and I'm not too familiar with the lay of the land. I'm a trucker and always passing through on my way to the Chi, but I really want to look into the area. So Toledo , please help me and let me know how I can help. I'm looking forward into developing my roots in the community!

Welcome! I'm invested in Toledo and have helped others do the same. Feel free to reach out anytime!

0 Votes

Toledo, Ohio

Quote from @Caitlyn Frizzelle:

Hi BP Community,

I am looking to build a team in the Toledo, OH area and was wondering if anyone has worked with an experienced investor-friendly real estate agent and project managers that they can recommend.

Thank you!

I can send you my referrals in the area

0 Votes

Toledo, Ohio

All Forum Posts by: Anthony L Amos Jr

Anthony L Amos Jr has started 6 posts and replied 498 times.

Post: cash flow in columbus ohio

Post: First time rental

Post: First Deal in Need of Second Opinion

Post: New opportunity out of state

Post: New in real estate

Post: Advice on getting started

Post: Buying my first multi-family unit

Post: Multifamily // Cash Flow & Appreciating Markets

Post: Toledo I need You. New Investor, Looking to connect and learn.

Post: Looking for Realtor & Property Managers