Investing in Columbus, Ohio
Hey BP,
Been reading through BP and talking to several people - several discussing how it may not be the best time to invest in SF or MF homes in Columbus due to increasing SF home prices and decreased MF cap rate.
Just wondering what you all thought about the Columbus market currently; and if it isn't the right time, if there is another market you all would recommend that is easy to break into as an out-of-state/city investor.
Thanks!
Most Popular Reply
There's a lot of value to being hands on with your first few properties. I'd recommend getting a full understanding of the business and it's inner-workings before handing it off to someone else, even if it's just your first 1 or 2 units. You'll have a really healthy appreciation for what the PM's do. Think about this: would you ever open a restaurant without first having waited tables or being a chef? Learn the trade!
Great goal- if it doesn't make you uncomfortable, it's not aggressive enough. That's certainly achievable. Good luck man!