All Forum Posts by: Emma Vallery

Hey Mahzozah! That a great questions, the best way would be to use hard money or private lending! I have a couple hard money lender who I use and have built relationships with, and they allow you to take on multiple projects at once without as much capital!

Hey Greg!

I am a Realtor in Columbus Ohio. I think it is a great idea to to look in affordable, but appreciating markets. Columbus is a place you should look into. Affordability is a key word here. In a few years down the line Columbus is not going to be nearly as affordable as it is right now. Home values in Columbus increased 17.3% over the last year, and more than 85% over the past 5 year, so just imagine the increase in 5 more years. As far as a rental market, Columbus receives a high ranking for activity in the marketplace, affordability of rental property, and quality of life. The demand for rental property is so strong half of the people in the metro area rent rather than own. Rents in Columbus increased 6% year-over-year. Renter-occupied housing units make up 52% of the occupied housing units in the metro area according to stats from 2022. We are getting a few big companies moving to the Columbus area, one of them being Intel creating 10,000 direct jobs, and Amazon just purchased almost 400 acres of land on January 17. Five Fortune 500 companies are headquartered here: AEP, Cardinal Health, L Brand, Nationwide, and Big Lots.  Columbus is also experiencing some really great developments, such as the new fashion district near Franklinton! I think Columbus is going to experience significant price and rental growth in the near future!

Hey Joel! 

This is such a great platform to network and learn about real estate! I am a Realtor that specializes in SFR deals as well, what is one tip you have for a Realtor that works with investors in such a unique time for Real Estate right now?

Hey Carlos! 

Finding a private money lender or hard money lender that you can build a relationship with is key!

Welcome to Bigger Pockets and Columbus! I hope you are loving the city and all it has to offer. I am a local Realtor here that specializes in investment properties, if you ever has any questions feel free to reach out. 

Hey Taylor! 

I am located in Columbus Ohio and I would consider that a decent deal! If the home is newer you are going to run into less problems down the line, so it may be worth the lower cashflow in the beginning. You also have to consider rent will most likely increase from year to year. I think ultimately you have to look at the opportunity cost here, is this a property you want to have money tied up in or do you think you can find something more worth your time. 

Hey Brian! 

I am a Realtor in Columbus Ohio. I think it is a great idea to invest in more affordable markets, Columbus is a place you should look into as well. Affordability is what makes Columbus such a great market for investors, as well as the amount of growth the city experiences and is going to continue to experience in the future. We are getting a few big companies moving to the Columbus area, one of them being Intel, alone, creating 10,000 direct jobs. Columbus is also experiencing some really great developments, such as the new fashion district and the Gravity buildings near Franklinton. Employment growth in Columbus is 3.58% year-over-year and five fortune 500 companies are headquartered here. Columbus is one of the top 10 housing markets best positioned for growth, making it an ideal market for fix and flips and buy and holds! The suburbs are also a great areas to raise a family, with safe and affordable neighborhoods, and great school districts. 

I hope this helped when looking for cities to research to start investing in!

Hey Bryce! That is amazing you have a rental currently cash flowing $1500/mo! You can absolutely buy multiple properties at once, just have a solid plan before finding a property. You might be strapped for cash or for good workers so just make sure you have a game plan and timeline before diving head first.  You also want to know your end goal when looking for properties. Are you wanting to do buy and holds or fix and flips? Next step would be finding a good lender, one that analyzes the deal and can move quick! Having a good team you can trust is crucial when thinking about doing multiple properties at once. Make sure you can trust your contractors and professionals before venturing into multiple properties to help the deal run as smooth as possible. I think you are on the right track though! 

Best of luck! 

Hey Anton!

I think your head is in the right place looking to invest out of state! I am located in the Columbus area and the suburbs in this area are a great place to start investing, and the main reason why is affordability. Columbus is also a growing city with a few major companies moving to the area in the next few years bringing thousands of jobs, and with new jobs come people. Population growth is .75% year-over-year, employment growth is 3.58% year-over-year , and rents in Columbus have increased 6% year-over-year, making it a great market to have a buy and hold in. Having a budget around 200-250k can get you a great property in the suburbs with minimal rehab and great cash flow!

Hey Justin! I currently curate a market place in Columbus for investors to purchase rehab properties and there is a great market for it! There are lots affordable areas in Columbus that are up and coming, such as Franklinton, Old Town East, and Westgate that are all very central in the city and have been overlooked for years. Columbus also has a number of developments happening. Intel just recently announced the plant is opening up in Columbus, that will be create 10,000 new jobs, so population is on the rise.