All Forum Posts by: Joshua Janus

Columbus and Cleveland, Ohio are both great markets to find a 2-4 unit that cash flows with a hybrid mix of appreciation in addition depending on the area and neighborhood. 

Are you looking to see comps of off market properties?
Skip tracing and cold calling is a great way to find them and how I find off market properties. 

It might be a good idea to stick to 1 bedroom airbnb's to avoid the tenants that are more likely to party and leave the place a disaster. 

Join local FB groups, find weekly or monthly meetings to go to, and have a system for a consistent streamline of prospecting. Cold calling, cold texting, mail, door knocking, targeted social media ads etc. 

I would buy cash flowing properties in either Cleveland or Columbus, Ohio. 

This looks like a great deal! What are you going to be getting in monthly rent? Seems like a solid value add after a hilarious agent situation. 

-Can still provide you a great return if rents dropped a bit since they seem to be very inflated right now everywhere.
-Run your numbers with an expectation of a low appreciation rate into the near future as it is already very high as of now.
-Can you house hack again? You might be able to use the rental income from the previous home to help with your DTI. (I am not a lender)
-More doors, more doors. Figure out a way to get a 4+ unit if possible if you are comfortable managing that yourself, or if you have a solid PM. 

Do you know if you can house hack again? It doesn't seem to be as simple of a process to repeat it, but I know plenty of people that have done it successfully year after year. I wouldn't close the door on that option too soon. 

I would definitely push to get as much information regarding rent rolls and financials. The more you know the better. I would not put an offer in with just the information that you provided unless if the price is so good that it would still be a deal in the worst case. 

What are the rents? Do you have more info? Looks great so far!