All Forum Posts by: Joshua Janus

Columbus, Ohio. It is a top five appreciating city in the USA, and is a great hybrid mix of cash flow and appreciation depending on the property type and class neighborhood you buy in. 

How much value will you be able to add with all the renovations? Updating the knob and tube might just be flushing cash down the sink unless you can get a solid return on all of the upgrades. 

If you don't plan on self managing I would definitely sell and purchase a property in a more landlord friendly area. 

You are going to need a consistent and stable job history first so make sure to be intentional about that. 

@Kyle Tom

I can send you a list of referrals for Columbus, Ohio. 

Does your realtor have an attorney that they refer you too? That would be your best source as getting the lease wrong will pay terrible dividends. This is a positive sign that you are preparing yourself for this investment ahead of time before you even purchased it, good work. 

I would make sure that the agents you are working with are investors themselves and understand that game. If so, they will be able to guide you in the best direction for the area, yet still make sure to question them and educate yourself. What made you choose Indianapolis, IN to invest in?

I would probably move on from this deal; seems like a lot has to go right to make it a profitable venture with an accepted offer below market, renting out all three extra rooms and yet an overall low cash flow for the property price. Have you looked into multi family properties where you are located? Will be much less of a hassle to rent out separate units and could take advantage of an relatively easy managed airbnb while you live there. A house hack is a great idea and an easy way to get into something larger for low money down!

Columbus, Ohio is a great hybrid mix of appreciation and cash flow if your looking for a residential. The population is growing relatively higher than the country and lots of businesses have been moving in as well.