All Forum Posts by: Simon Ashbaugh
Simon Ashbaugh has started 0 posts and replied 837 times.
Post: Investing in the UK
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- Columbus Ohio, Cleveland Ohio
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Curious about UK rent control laws. Do they have them? What other laws make it easier/harder to landlord there?
Post: Where to start my portfolio?
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- Columbus Ohio, Cleveland Ohio
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Quote from @Bret Halsey:
I've decided to look to buy my first true investment property in the near future and despite knowing how to run the numbers, I'm having a difficult time deciding where I should be looking to buy. I'm considering either a small multifamily (duplex or fourplex) or perhaps a single family that will be easy to rent and cash flow. Where I live is way too expensive to cash flow so I was thinking a landlord friendly state in the midwest, something with plenty of inventory for me to find a good deal but also strong rental demand. For those who invested out of state, how did you decide on your market? Where are some good areas I should check out?
Checkout Ohio! Columbus is the fastest growing metropolitan area in the midwest with decent cashflow, and appreciation 8% higher than the national average. Cleveland is incredible for cash flow, with 55% of households occupied by renters. Happy to chat more in-depth on these markets if you shoot me a DM!
Post: Anyone familiar Ohio?
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- Columbus Ohio, Cleveland Ohio
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@Amit Chawla Just sent you a dm
Post: buy one rental property cash or multiple properties with mortgage
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- Columbus Ohio, Cleveland Ohio
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@Bryan Ester there are a lot of options. Ohio is a great example. You could buy in Columbus where appreciation is 8% higher than the national average and hold till it's paid off. Properties in Columbus typically cash flow something, so you most likely won't just be breaking even. All the while you can leverage the high value of the property via REFI or HELOC. Or buy in Cleveland where the entry price is low, and rents are high, and cash flow a ton. or you could mix the 2 and buy in both and have a couple of rapidly appreciating properties in Columbus and a couple of high cash-flowing properties in Cleveland. Lots of options, I'd be happy to chat more on the subject if you want!
Post: Can a duplex or triplex be used for section 8?
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- Columbus Ohio, Cleveland Ohio
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Quote from @Richard Pallarino:
Hi y'all,
I am wondering, can I buy a duplex or triplex and get it section 8 approved to then accept section 8 vouchers? Looking to do this in states such as Ohio, Wisconsin, Indiana, and Kentucky.
Thanks,
Rich
Yes this will work great in Columbus OH and Cleveland OH
Post: Best market for a househack?
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- Columbus Ohio, Cleveland Ohio
- Posts 849
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@Matthew DeMichele I would highly recommend a 2-4 unit in Columbus Ohio. Our appreciation has been 8% higher than the national average and isn't slowing. We have Intel, Limited brands, Nationwide, and many more, so we have plenty of jobs. Cashflow is also still high so no doubt you will have your mortgage covered in a duplex. You most likely will cashflow still if you can get a 4-unit! Feel free to reach out with any questions.
Post: Whats your opinion on Turnkey Investment Property Companies?
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- Columbus Ohio, Cleveland Ohio
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Hey @Frank Harris, check your dm's!
Post: Entry Level Investing
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- Columbus Ohio, Cleveland Ohio
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Read this
https://www.biggerpockets.com/blog/core-four-real-estate-team
Just curious, why would you go out of state? Columbus has an incredible market for appreciation, and Cleaveland cashflows like crazy.
Post: Upcoming Opportunities in Detroit?
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- Columbus Ohio, Cleveland Ohio
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could be the case. take Cleveland for example, Cliffs has been dumping a ton of money into the steel industry up there, and the population is rising for the first time in a while.
Post: Is now a good time to become a real estate agent?
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- Columbus Ohio, Cleveland Ohio
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Hi Will, I just started this year in Ohio and I think it's a decent time, you may have to work a little harder than at other times in the past but it's certainly doable. Are you originally from Kalamazoo? just curious because I'm from fennville!