All Forum Posts by: Han T.
Han T. has started 14 posts and replied 97 times.
Post: Taking Action to Buy First Property by the End of 2019!
- Investor
- Columbus
- Posts 105
- Votes 46
Hey Daniel, welcome on board to BP. Its great to find a fellow beginner who has stayed and explored buy and hold rental properties in Ann Arbor.
Based on what I could find on Zillow, annual property tax and insurance would be about $200 and $50 a month respectively. There are also utilities, water and sewer that might bump your expenses higher than expected. Its might be good to also factor maintenance into your monthly budget. I'm not sure what's the average vacancy rate but based on the 50% vacancy numbers, it might be a little bit tight.
The good thing is, if renovated/decorated properly, Ann Arbor's per night could go much higher than what you have factored for.
Well, looking forward to hear updates and updates! Good luck Investing! :)
Post: RE Beginner from Akron Ohio
- Investor
- Columbus
- Posts 105
- Votes 46
Welcome to BP @Jeremy Lewis!! All the best too! :)
Post: Classification of neighborhood.
- Investor
- Columbus
- Posts 105
- Votes 46
Originally posted by @Eric P.:
Dear @Eric P., Thank you so much. The link you have provided was very useful! Managed to linked up with some of the forumers there. :)
Post: Classification of neighborhood.
- Investor
- Columbus
- Posts 105
- Votes 46
Originally posted by @David Yoder:
Alright, you all owe me for this one but here is a Columbus neighborhood boundary map.
https://www.google.com/maps/d/u/0/viewer?mid=1ZyLi...
I'd suggest going for cashflow first (~ "C" class neighborhood) and then buying in A-B for later via 1031 exchanges for appreciation.
You can grow forever if you cashflow, A-B neighborhoods will bottleneck your growth.
Dear @David Yoder, yes indeed I owe you one! This is a detailed neighborhood map. Thank you very much.
I was wondering if the colors correspond to the type of neighborhood, ie yellow/black/red correspond to C-D neighborhood while blue/green/purple correspond to better ones?
Post: Classification of neighborhood.
- Investor
- Columbus
- Posts 105
- Votes 46
Originally posted by @Robert Ellis:
Originally posted by @Han T.:
Hi, I am doing my research for B Class properties in Michigan, Indianapolis, Columbus, etc. I was wondering if there are website that provides classifications of neighborhoods to better understand the neighborhoods within the said cities?
For columbus i've mentioned a few zips before but depending on price point and class, i'd look at 43123, 43224, 43211, 43207, 43206, 43205, 43203, 43202, and 43201 as a good starting place.
Awesome! Thank you Robert! I did took a look at some of the zip codes (43081, 43209, 43227, 43213, 43068, 43069). Just that I weren't exactly sure if I was starting out right. I do see some zip codes in common/near so at least I know I'm some where on the right path. Will take your heed!
Post: Classification of neighborhood.
- Investor
- Columbus
- Posts 105
- Votes 46
Originally posted by @Michael Via:
Someone linked this to me recently: https://www.biggerpockets.com/renewsblog/guide-gra...
Dear @Michael Vi, this is awesome! Thank you so much for this tip! :)
Post: Classification of neighborhood.
- Investor
- Columbus
- Posts 105
- Votes 46
Hi, I am doing my research for B Class properties in Michigan, Indianapolis, Columbus, etc. I was wondering if there are website that provides classifications of neighborhoods to better understand the neighborhoods within the said cities?