Starting Out
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated about 2 years ago,
Class B versus Class C neighborhoods
Hello everyone. I hope all are doing well in this cold cold weather. I'm from California and I have spent the last 6 months researching Columbus Ohio to buy multi-family units, 4 plex to be exact. I did connect with a few property managers and realtors. I am financially stable and pre-approved to buy. My only hold up choosing either in Class B or Class C neighborhoods. My conservative side tells me to choose B, while my financial brain says choose C. Hilltop, Linden, Franklinton have alot of MLS postings, probably for a reason. Is it still possible to get 8-10% CoCR and/or $200-$300 per door after all expenses (mortgage, insurance, tax, capex, vacancy, maintenance, property manager) on B neighborhoods? Do you guys/gals think my expectations are too high? Lastly, how do I verify if the property is indeed in a class c or b? I use areavibes.com to check the neighborhoods and also google map to look at the areas. I know its a lot of questions. Any advice or comments are highly appreciated. For a new investor, its kinda overwhelming. But I am ready to put in the work and effort. Thanks in advance for your comments.