All Forum Posts by: Colin Haag

@Matt Ward - Basically, I'm just afraid of owning a single asset whose swing in value could potentially be 6 figures while I'm still learning the ropes. I'd feel like a housecat playing a tiger's game. Does that make sense?

Thanks for the recommendation on the webinar - I'll check it out!

Colin

Thanks guys! I appreciate the responses.

@Austin Steed - What lead me to Reynoldsburg specifically was the school ratings, proximity to downtown, the median home values, and the relatively high rate of rentals (vs owner occupied) already existing. A lot of the other B areas, like Hilliard, Westerville, and Gahanna, are priced beyond my comfort zone as a first-time investor. I personally believe that a dip in the economy is coming soon and I don’t want to over-leverage myself. That being said - you’re absolutely right that there are other areas worth considering. I’ll take another look at Grove City and Galloway. Thanks! And Go Bucks.

@Matt Ward - Two main reasons I don't want to invest out here. 1) The money I have earmarked for investing is nowhere near enough for a down payment on a traditional non-FHA loan out here, and 2) the prospect of a 10% dip in home value amounting to $80k+ rather than $10-20k is terrifying to me as a new investor. It would be such a dominant portion of my overall portfolio at this time. I'm more comfortable with the home values in the Midwest, and their general insulation from wild swings in value. That being said, I'm open to being convinced otherwise!

Thanks again everyone. I look forward to some good conversation.

Colin

Hi everyone! I've been listening to the podcast and doing some REI reading for the past few years, but I think it's finally time for me to make a move. I'm excited to finally be joining the community!

I lived in Ohio for the first 26 years of my life and got my mechanical engineering degree at THE Ohio State University, but I'm currently living in the SF Bay Area. (David Greene is the man - his meetups have been very fun and very informative).

My goal is to purchase and rent my first single family home in the Columbus area by the end of the year. I'm looking for properties in B- areas (more or less), and my research has led me to look in Reynoldsburg.

I would absolutely love to hear any recommendations for agents or property managers in the area, and I'd also love to hear any thoughts on the state of the Columbus-area market. I'm worried that the market might already be too hot and high for what I'm hoping to accomplish.

Thanks for reading! Looking forward to meeting you.

Colin