All Forum Posts by: Simon Ashbaugh
Simon Ashbaugh has started 0 posts and replied 837 times.
Post: Reafco Quarterly Networking Event
- Realtor
- Columbus Ohio, Cleveland Ohio
- Posts 849
- Votes 829
Quote from @Remington Lyman:
Reafco is hosting our next quarterly meetup on January 26th! We’re switching up venues. This time we’ll be at Ohio Brewing Company in Milo Grogan from 6-8 PM. Come out and network with various industry professionals, including Ryan Young with CF Bank, Reece Iovine with TPI Property Inspections, Sara Thorp with Landsel Title Agency, Dan Rohrer with Fund That Flip, and Cheryl Morgan with Heart and Home Property Management.
Where: Ohio Brewing Company
421 E 2nd Ave Columbus, Oh 43201
When: Thursday, January 26th, 2023
6-8 PM
We would love to have an accurate headcount, so if you would kindly RSVP at this Eventbrite Link we would really appreciate it! We hope to see you there!
Post: Investment Strategies for Intel's $20b Chip Factory in Columbus
- Realtor
- Columbus Ohio, Cleveland Ohio
- Posts 849
- Votes 829
I personally am looking more at the long term buy hold Here in the city, though, the other options are definitely viable.
Post: 12 units purchased in June 2022
- Realtor
- Columbus Ohio, Cleveland Ohio
- Posts 849
- Votes 829
Congrats! Awesome deal
Post: Real estate Investor
- Realtor
- Columbus Ohio, Cleveland Ohio
- Posts 849
- Votes 829
Quote from @Frederick Lee:
Hello everyone, I’m Frederick. I’m based out of Columbus, OH. I am new to real estate. I am very interested in learning so much of creating cash flow with buy and hold rental properties and then once I have a few under my belt, get into commercial properties. Please feel free to say hey, I’m here to learn the best strategies and executions. Great to meet you all 👍🏽
You're local to a great market so id recommend getting an owner occupant 2-4 unit! This will cut your living expenses dramatically and you'll be building equity with an appreciating property.
Post: Out of state investor looking to get started (OH or IN)
- Realtor
- Columbus Ohio, Cleveland Ohio
- Posts 849
- Votes 829
Quote from @Chrissi B.:
Hi BiggerPockets! I’m a new investor from SoCal looking to get started with investing out of state.
My chosen strategy is long term buy and hold focusing on cash flow and I am looking for:
- $100k or less purchase price
- Single family home
- Minimal/cosmetic repairs
- At least $200 in monthly cash flow
I am considering Columbus, Cincinnati or Indianapolis. Is what I’m looking for realistic for these markets? Are there other markets I should consider?
I’m also looking for agents in these areas — if you are one, or know somebody, please reach out. My intention is to make offers before the end of the year.
at 100k I doubt you'll find anything in Columbus, but you could find something in Cleveland and it will most likely cashflow more than 200/month
Post: Best cash flow cities for 2023
- Realtor
- Columbus Ohio, Cleveland Ohio
- Posts 849
- Votes 829
Quote from @Johnnie Schneider:
Hey there, my partner and I are looking to get our first rental property together in 2023. Just wanted to come on here and see what everyones favorite or best cash flow market is currently or moving into this new year. Our budget were looking to stay under is about 120k. Thanks !
Hey Johnnie, Dave Meyer wrote a good article about this. https://www.biggerpockets.com/... As stated in there, Detroit MI, Shreveport LA, and Cleveland OH stand in the top three. I work a lot in Cleveland and can say that at 120k you can find a lot of duplexes that will cashflow.
Post: In today's market, is it better to build vs buy?
- Realtor
- Columbus Ohio, Cleveland Ohio
- Posts 849
- Votes 829
Its definitely harder to make money building but that doesn't mean it cant be done. It kind of depends on your long term goals too.
Post: 400k to invest.. Experienced investors say WAIT?
- Realtor
- Columbus Ohio, Cleveland Ohio
- Posts 849
- Votes 829
I would only wait until you find a good deal. There's no reason to pass up good deals that will make you money just to wait for another good deal in a year..
Post: Out of State Investor - How to verify if property is C or B class
- Realtor
- Columbus Ohio, Cleveland Ohio
- Posts 849
- Votes 829
Quote from @James Olympia:
Hello everyone. I'm an out of state investor from California and I'm ready to buy in Columbus, OH. My financials are set, I have a Property Manager and Realtor. My only concern is how to verify if the property for sale is indeed in a good or bad neighborhood since I cannot visit the area in person. Does anyone have a secret website or trick they use to verify if the location or property is what the realtor claims it to be. I trust my realtor but my logical brain wants to verify. Buying out of state adds another layer of risk, but I cannot afford the California duplexes and 4plexes. Any advice or idea are highly appreciated. Thank you all in advance.
If you really cannot make the trip look up median income, home prices, crime rates, etc. Niche.com does a grade rating but I've found they grade a bit high (calling C B and so forth) but it still gives a good general idea.
Post: When do you think you will stop buying?
- Realtor
- Columbus Ohio, Cleveland Ohio
- Posts 849
- Votes 829
Quote from @Mary Jay:
Ive noticed that its hard for me to stop buying. There is always a new deal that is alluring... I have about 7 rentals myself and 2 together with my husband. I keep wanting to buy more..I think for me it is more like something I like to do...Hobby may be...
What do you think? When do you think you will stop buying?
Never!