All Forum Posts by: Marc Rice

@Rubin Thomas

I’d recommend to look at Columbus also for its more stable appreciation and still solid cap rates. All of those markets you listed above have declining populations also which is important to factor in.

@Jimmy Epolito

Full send! Don’t look back and break everything down into bite size problems. The numbers look fine. Just keep an eye on your rehab budget and make sure you’re creating a product someone actually wants to live in and not just checking off boxes. Also, I’d recommend to spend $1-2k to stage it if you can, will help on the sale when done.

@Ben Weber

Congrats! The cash flow in Ohio is great. I have an eviction attorney in Columbus but not sure if he works out of town.

@Andres M.

Drive around and see if anyone’s putting on a roof and ask that crew for their business card. You’ll get a lot of good contacts that way.

@Brooke Hallock

Buy a single family with a carriage house on the back. Live in the carriage and rent the main or vice versa.

@Roger Fisher

Great idea. The biggest issue you’ll run into is zoning and whether that city considers it a temporary structure or permanent structure. You’ll want to check with the local zoning and see what the process is. Could also network with someone who’s already doing that there and ask them the process.

@Tyrel Holman

You could seller finance it from him by putting a down payment down and paying him monthly principal and interest as if he was the bank.

@Patrick Volum

Columbus is still very competitive and growing. Covid initially caused a decrease in inventory which led to houses increasing more rapidly. There’s been some micro migrations away from the core of downtown due to the protests throughout the past 6 months but things are settling. It’s still a sellers market, especially for multifamily and most listings have multiple offers.

@Craig Cotton

Schlage Encode

@Patrick Volum

I’d recommend checking out the multifamily market in Columbus, OH to invest. Lots of 1% rule properties here and the appreciation is fantastic due to the job and population growth.