All Forum Posts by: Josh Heenan

Columbus, Ohio is a great market to invest in. The population has been growing here year over year over the last decade, it is home to The Ohio State University which has over 50,000 students that live here along with those that visit, and it also holds a diverse range of young professionals and traveling nurses to fill the demand of the multiple business corporations and hospitals stationed here. The appreciation rate in Columbus has been 8% higher than the national average over the last year. Tech companies are continuously moving here and establishing a footprint in Columbus as well. Intel is a great example, who is building the largest chip manufacturing plant in the US right here, and it will be a $20 billion dollar investment that brings a few new thousand jobs.

https://www.dispatch.com/story/business/2022/01/21/intel-ohio-building-computer-chip-factories-licking-county-jersey-township/9173472002/

Another example of economic growth is the upcoming Ohio State University Wexner Medical Center Inpatient Hospital which is a 1.9million square foot hospital that will bring over 800 new beds and a thousand new jobs.

https://abc6onyourside.com/news/local/new-osu-hospital-expected-to-transform-health-care

Here are a few more recent investments

https://www.10tv.com/article/money/business/hydrogen-power-company-hyperion-bringing-700-jobs-to-columbus/530-25907aab-5517-4661-a9f3-d2ed2d5be6b0

https://news.wosu.org/news/2022-02-08/rumpke-to-build-50-million-recycling-facility-in-columbus

Check out The Complete Guide to the Columbus, Ohio Real Estate Market which goes through the Columbus, Ohio market in depth and will give you a better scope of where the highest levels of growth are taking place and where to look to invest.

Do you plan to flee California for a tax free state someday before/after retirement? Today would be the day to buy your future retirement/primary home where the tax savings alone could pay for it. 

Texas, Florida, Nevada for sure. Tennessee, Wyoming, Washington or South Dakota if you’re looking for something different. 

I skipped Florida because of the humidity, hurricanes and skyrocketing insurance. Texas was property taxes and weather. South Dakota and Wyoming wee too sparse for me. I don’t know why I didn’t consider Washington. Tennessee wasn’t tax free yet when I chose or it might have gotten me. 

I chose no income tax, cheap insurance, low maintenance, cheap flights in and out, no weather issues, market where 20 years old is considered an old property. It’s basically Arizona without the state income taxes. But I do like your choice of Colorado Springs. It’s a beautiful area. Unfortunately I think, like Las Vegas, it’s destined to become “little California”.

GL wherever you choose. 

 Are you having trouble finding more properties by the first one? You may be able to save some costs if you can get some in the same area, certainly would be easier to check on your properties occasionally, and less markets to keep track of.