All Forum Posts by: Clay Boykin

@Allyn Becar If you're not able to raise rents throughout 60 day periods or quarters, then that property/area shouldn't be your location. As far as the percentages your raising the rents, that depends on the tenants. I feel like most landlords/managers focus on the "role" more than the relationship. If you are communicating with you tenants at least monthly on rent rates, changes, areas, feedback, etc. Then this should not be a questions. Have these conversations with your tenants. Yes, when you're making changes you want the best for you, but in order to keep good tenants there has to be middle ground. Feel free to reach out to me if you have any questions about the Ohio market. Other than that, Happy Investing!

@Rebeca Trabachini So my mindset regarding Columbus is, there are no good or bad areas. It depends on your investment strategy. If you are flipping then some hot areas for that would consist of Hilltop, Franklinton, Linden, Westgate. If you are buying to hold, then the go to areas are Whitehall, Southern Orchards, OSU Campus, Driving park, Old Town East, etc. Areas such as Westerville, Worthington, North Columbus are currently difficult to get at the moment due to tighter margins as well as "everyone wants to stay safe with their investments". Real estate is only risky due to the lack of knowledge. The "good/bad" areas are going to be tax abated as well, which is very beneficial to the investor if done right. Feel free to reach out to me with questions. Either way, Happy Investing!

@Vlad Bucur I do not participate in the Dayton market, BUT, I do have my feet wet in the Columbus market. I have heard Dayton to be tricky when investing OOS or even 1-4 units. Although, there is always a place for someone in any given market. If you have any questions about the Columbus market, reach out to me. I'd be happy to help!

@John Nettle Some of my investors use the seasonality to their advantage. In the Columbus area, most people "say" they stop buying around fall-winter, when in all reality... they don't. The off season in the market is the best time to buy a deal due to taxable advantages. Most investors use not only the tax abated areas to their advantage but as well as the ability to write off closing costs and insurance premiums as well. I have not dealt much real estate in the Port Clinton area but if it's anything like Columbus, STR's are the way to go. I would say just narrow down your investment strategy more as well as your sub-markets and everything else will follow. Price points, loans, contracts, entities, etc. Feel free to reach out to me if you have any questions. Other than that, Happy Investing and best of luck to ya!

@Sarp Ka My team and I usually just use the MLS data as well as country records (as far as I know). You are right though, not knowing the area well enough can lead to miscommunication/false information. I would also like to find a more efficient way to pull data. If anyone has any more recommendations, DM me and I will look into it. Happy Investing!

@Ignacio Linares As far as under 100k, this is definitely doable. Especially $200 per door. I would say 90% of properties that come my way or even through the entire Columbus Metro Area, meet the 1% rule or the 150-200 region. Most homes that are going for under 100k are most likely going to be full guts/flips. Buy and holds in Columbus are pretty tedious at the moment. Some people are flipping to buy and hold rather than just buying for light rehab. Another consideration to take into account is the corporation laws per state. Depending on how you structure your LLC or business can affect your expenses/exit strategy. Growing your tool kit to apply to your business is priority in real estate. Keep that in mind when searching for your sub markets. Reach out to me if you have any questions moving forward. Either way, Happy Investing!

@Rynell Hampton Have you done deals before? What's your criteria? Are you buying and holding or are you starting with a flip or light rehab? These are all questions to ask yourself when narrowing down your criteria to start investing in real estate. Some buyers start with wholesaling to grow their capital. Ya know, I was told today and it stuck with me. "No matter what deal comes through, there is always a place for it. Whether it's wholesaling the deal or holding it". And you know, that's the best advice to walk in to real estate with. Also, your learning... it never stops. No matter if you have 3 months or 3 years in real estate, learning is permanent. When you are walking into your first deal, I always tell people; focus on the learning more than the profit. Personally, I am apart of the real estate market in Columbus, OH. Feel free to reach out to me. Either way, Happy Investing!

@Account Closed What an amazing story. I admire investors that blow their goals out of the water. Most of my investors and investments come from 1-4 units/residential, which they buy in volume. I am curious to know your numbers on this deal? Maybe I missed it in the article but I would love to learn more about this!

@Account Closed It's great that you narrowed down your market. Your already half way there! My next suggestion would be to do your research and network in sub-markets of Columbus. If you're looking to get into the flip game, I would suggest south east Columbus (Southern Orchards, Linden, Obetz) or Hilltop/Franklinton. If you're trying to buy to hold (which is very tedious right now), I would suggest North Linden, Driving Park, Whitehall, German Village, Clintonville). Keep in mind, your investment strategy will determine what type of properties to go after, STR's, flips, or AirBnB's even. Also, do your due diligence on hard money/OPM. When you're buying to flip it is out of best interest to use Hard Money as well as cash to maximize your time as well as your investment. Feel free to reach out to me with any questions/concerns. Other than that, Happy Investing!

@Joe Chillinsky Short North is a great area to invest in. A little more difficult due to the margins, but their is potential in Columbus. Since you are looking for a STR, I would suggest areas such as Southern Orchards, Whitehall, Hilltop, Franklinton, or even North Linden. It depends on your price points. Pretty much anywhere in Columbus is going to hold a high 60% ARV or even a solid 75%. Again, it just depends on your investment strategy. As far as finding a manager, I have no leads as of right now. If I come across more, I will send them your way. Personally, I am dealing with a lot of OOS investors so it is common for me to come across reliable sources. Reach out to me with any questions. Either way, Happy Investing!