All Forum Posts by: Austin McClain

If you're looking out of state, Columbus Ohio is a great market. For the condo, you could run numbers on what a cash-out refi would look like to keep it and buy more. The rate would be higher, but if it can cash flow, you could keep it and get appreciation from two markets. 

Welcome to BP! Columbus is exciting right now. I'm hoping more companies follow Intel and move here too. 

I like the idea of giving them 100% of the cash flow in the short term and having a split of the future capital gains. That way you're not paying interest and they're still receiving a short and long-term return. It won't be massive at the start but can build with more units and appreciation. 

The Midwest has been a good market to invest in. Home prices are still affordable compared to other markets and it's growing as businesses continue to move here. 

Toledo is good for cash flow. In Ohio, I've seen Columbus have the highest appreciation rates.

I think the strategy depends on your goals. If you want to grow the real estate business, refinancing out and buying more is the way to do it. If you want it to be more passive, do the conservative approach and just get the cash flow from not having a mortgage. Both make sense, it just depends on how many units/how much time you want to devote to investing. 

The Midwest, especially Columbus Ohio have been strong for out-of-state investors. Homes are still affordable compared to other markets and businesses like Intel are moving here to lower their costs. 

If a contractor is looking for new business they should be open to giving a free quote hoping to get the job. Worst-case scenario, if no one does this, you could pay a small estimate fee to them. I think that would be worth the money if needed. 

I'm in Ohio, and the Midwest has been doing well for real estate cash flow and appreciation. 

Columbus is growing and competitive right now, similar to every market it seems. There are multiple offers on just about every home listed, but you can still win good deals here.