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All Forum Posts by: Austin McClain

Austin McClain has started 0 posts and replied 318 times.

Post: Advice on Columbus, Ohio

Austin McClain
Posted
  • Real Estate Agent
  • Ohio
  • Posts 322
  • Votes 584

There are areas with higher than average crime, but no areas that are completely undoable in Columbus. Areas with higher than average crime rates are South Linden and Hilltop. It's a trade-off because higher crime rates tend to provide more cash flow. 

This crime map below can be helpful to get an idea of different areas. 

https://www.neighborhoodscout....

Post: Where can i buy newer fourplex?

Austin McClain
Posted
  • Real Estate Agent
  • Ohio
  • Posts 322
  • Votes 584

Columbus is a good market to look into. It has high application because tech companies have been choosing the city to build their new manufacturing plants. 

https://www.fool.com/investing/2022/02/15/why-are-so-many-companies-moving-to-ohio/

Post: The worst time to start is never

Austin McClain
Posted
  • Real Estate Agent
  • Ohio
  • Posts 322
  • Votes 584

If the numbers don't work, don't rush and make a mistake. Find a market that is predicted to grow and build your core 4 there. 1. The Deal Finder · 2. The Property Manager · 3. The Contractor · 4. The Lender.

Post: New investor couple looking to get into long distance investing

Austin McClain
Posted
  • Real Estate Agent
  • Ohio
  • Posts 322
  • Votes 584

Dayton is a good market to look into as well. You could find a deal below $100k and it's an hour away from major markets like Columbus and Cincinnati. 

Post: Where to/not to Invest in Columbus OH

Austin McClain
Posted
  • Real Estate Agent
  • Ohio
  • Posts 322
  • Votes 584

There's nowhere I wouldn't invest within the 270 Loop in Columbus. Different areas are better depending on your goals. If you're looking at a BRRRR or house hack in a high growth/up and coming area, I'd look at North Hilltop.

Post: Thinking of buying in Dayton. Pros / Cons?

Austin McClain
Posted
  • Real Estate Agent
  • Ohio
  • Posts 322
  • Votes 584

I agree Dayton is a great spot to invest in. The pros are it has great cash flow and is a short drive from large cities like Columbus and Cincinnati. The cons are it probably won't have the ridiculously high appreciation rate you see in places like Columbus. 

I think choosing a market depends on your goals. If you want cash flow and good appreciation, look at Dayton. If you are not concerned with short-term cash flow but want to gain a lot of equity in 7-10 years, Columbus would be the best bet. 

Post: My apartment is not renting, my agent says price is not the issue

Austin McClain
Posted
  • Real Estate Agent
  • Ohio
  • Posts 322
  • Votes 584

Consider making another agent responsible for leasing it for you. If tenants see it and don't follow through your leasing agent should follow up with them to nudge/see why. 

Post: Where would you move to start building your real estate empire?

Austin McClain
Posted
  • Real Estate Agent
  • Ohio
  • Posts 322
  • Votes 584

Columbus Ohio is a good market to look into. It's more affordable than the Bay Area, and tech companies like Intel are moving here to lower their operating costs. Job growth should cause long-term appreciation as you build your portfolio. 

Post: Can hot market areas survive a recession?

Austin McClain
Posted
  • Real Estate Agent
  • Ohio
  • Posts 322
  • Votes 584

In Columbus, we're just not building enough homes to keep up with the population growth. Growth may slow, but I don't think it will be a drastic decrease because the supply and demand are so off right now. 

Post: Looking to buy first investment property

Austin McClain
Posted
  • Real Estate Agent
  • Ohio
  • Posts 322
  • Votes 584

@Ashley D Moore Dayton or Cleveland Ohio could be a good fit for this. Are you looking for a rehab project? Or something turnkey that will need less work?