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Updated about 5 years ago,
Is it possible to BRRRR in Columbus, OH for under $100k?
I am looking to purchase my first rental property. I'm working with a max of $100k total (purchase + rehab). Ideally I would like to purchase a multi-family property. I live out of state, so all my knowledge about the area is from Google and BP posts. Looking at Zillow, it seems that it is possible to find Multi-family properties for as low as $60k (distressed) or $100k (not distressed); however, all these properties seem to be in the West Franklinton and Hilltop area. Doing some research on these locations reveals that they are some of the least desirable places in Columbus, with high crime and not many plans of expansion.
So my question to real estate agents, investors, and anyone else familiar with the area: Is it possible to find a property in Columbus in a decent area (C or above) that can be purchased and fixed up for under $100k? Or do I need to look for another location / adjust my strategy?
Thanks!