All Forum Posts by: Matthew Chau

@Jimmy Lieu @Remington Lyman @Harrison Chow

Thank you for all your messages. Hope to learn more from all of your deep experiences.

With interest rates at the current market rate and the Columbus market, how prevalent are cash flow positive places (non BRRR in the sense that the place is totally trashed or down to the studs, I am OK with minor work) that are less than $250k, with no more than 20% down payment on a mortgage? Ideally, still in a neighborhood that has the potential for high growth (e.g. Franklinton).

 What to look for in a house at that price range?

What other areas to look for other than Franklinton?

What other tips for a first time home buyer in Columbus?

Any weird laws I need to be aware of?

I have no RE experience. Just moved to Columbus in February from HCOL city. Moved here for the ability to start RE portfolio with a lower upfront cost. Also like the Columbus metrics for population/job growth.

- Don't think I want to BRRR for my first home. Potentially too much work/stress

- I've identified Franklinton as an area I am interested in. I think it will gentrify over the next 5-10 years. Also ideal place to get in with $200-250k home prices

- Won't be living in my first property as owner occupied. Signed a 1 year lease on an apartment that will end EOY.

- I want to be able to get around 1% cashflow, but after lightly crunching numbers, it seems highly unlikely, even in Franklinton.

- Goal is to get an investment property this year and then next year once my lease is over, buy and move into Grandview as property (and owner occupied) #2. 

- Long term goal: potentially nomad strategy, adding 1-2 properties per year until I get to 10 properties, at which point I will deeply reflect on what's next.

- What are the best tips/strategies for those that know Columbus well?