All Forum Posts by: Austin McClain

Working with a property manager will give you a lot of hands-on experience in the day-to-day of managing properties. 

For me, Columbus has been steady. Right now, there is not a lot of monthly cash flow (there is more in areas like Dayton). 

I'm purchasing in Columbus with the mindset of holding for 7-10 plus years for a later exit with equity built 

House hacking (living in one unit and renting the others) is how I started. It's a way to leverage with little down payment (none in your case) in an appreciating market 

Welcome! Between Columbus and Dayton I've seen these trends. 

Columbus - less monthly cash flow - higher predicted long term appreciation

Dayton - More monthly cash flow - standard expected appreciation

Being the winter, you might have to rent below market. I'd try to get a 6-month lease at a below-market rate to attract a tenant. Then, the lease will be up in the summer when the demand is higher to get better returns 

Your property manager is huge. Talk to agents in your area that sell a lot of investment properties. They tend to have worked with a lot of PM's in the area and can help you weed out the good and bad options. 

In have a spreadsheet with some referrals I'll DM 

$150k will be hard to get anything 2+ units relatively turn key in Columbus. I'm not familiar with Detriot, but it looks like Cleveland would make more sense in the 150k price range 

I know a few, I'll DM you now 

Best of luck getting started. If you can house hack, that's how I started. Living in one unit and renting out the other helps you scale quickly because you need a lower down payment for a primary residence.