All Forum Posts by: Jimmy Bostic

It seems that you have your sights set on Cleveland and Dayton, but Columbus is another market that provides both cashflow opportunities and appreciation. The area has had continual growth over the past decade and now with Intel and Honda investing billions into their new plants in Columbus, there will be thousands of jobs created. 

Just a look at another great Ohio market. Good luck!

Hi Nathan,

I have a buddy that is currently house hacking in the Akron area. From what I've gathered from him everything has been going well. But the stigma behind crime still exists, like any city, so it's important to screen tenants. If you're looking at Ohio I would also keep Columbus and Cleveland in your sights. Columbus is a great area for cash flow and appreciation. 

@Dan Riley

I think somewhere in the Midwest, specifically the Columbus market would be worthwhile at your price point. Columbus is a continuing growing city with great cash flow and appreciation. You could land yourself a single family or multifamily property in the B-A range given your range. Intel and Hondas' future presence would be evidence to a good investment with billions of dollars being invested into their plants.

@German Tapia I think that Ohio is a great area to invest in at the moment, both Cleveland and Columbus are great target markets to consider. I would look in some C/C+ areas for good cash flow. I'm currently located in Columbus and we have a Honda and Intel dropping billion dollar plants here so this area is safe bet for LTR. 

I advise against oos brrr unless you have a trusted team on the ground. Best of luck 

@Tony Phan

100k should be doable in Ohio markets. Columbus is pretty hot at the moment, much of the SF's are appreciating. It might be hard to brrrr oos unless you have a trusted team with boots on the ground. Best of luck 

Hi Sarah. The Columbus market for MTR is a pretty safe bet. You've got the Wexner and Nationwide in some great areas that cashflow well. There are other hospitals around but those surrounding areas should be targeted for MTR in Columbus. 

Hi Adam, if your looking for a partner to invest with I'd advise someone close in your circle like a family member or friend, someone that is trustworthy and has your best interest in mind. I would continue saving up and hitting that 2 year mark for your W2 so you can get a loan. I think a house hack is a great option, but that requires you to owner occupy so it'd have to be in Chicago or you'd have to move to Columbus. Outside of that I'd suggest looking at multi-families in the Columbus area, they cashflow well although the supply is somewhat limited. Best of luck!

Hi Amanda. I'm just getting my feet wet in the real estate community and have yet to get a license. I think that this will be a next step in the process, since I will want to help people sell, but for now it is not necessary. As an investor your man purgative is to buy, and you can do this without needing a license. Personally, I'm on the hunt for off-market deals, which means I don't need access to the MLS. Luckily I have partners that do have access and can provide comps for me (which is one of the biggest upsides to holding a license). I hope this helped provide a different perspective.

Hi Catherine, this sounds like an awesome plan! I wish I was aware of these strategies before I entered college. I myself am looking to house hack after my senior year. I don't know the research that you have done, but I'm curious as to how the Columbia (college) housing market looks. Comparing it to Columbus, I feel like majority of "priority" housing is already taken by private investors or reality companies. I'm curious how far from campus you'll have to expand your search to find something doable/the effect distance will have on potential tenants?

Good luck with your endeavors. I hope that you are able to make this work!

@Joseph I'm glad you have begun your journey in real estate. I'm currently in similar shoes, as I'm 21 and just getting immersed in this world. I think that it is wise to get your personal finances in order, while still working your 9-5. I would advise you do some research on FHA loans when the time comes and consider the pos. & negs. of that to a conventional loan per the change in your pockets. I also want to implement the house hacking strategy after graduation, so I'm excited to follow your experience. Good luck man!