LA Investors Interested in Rental Properties in Columbus Ohio

[Oscar Torres]

Hey BP,

My partner and I are interested in buying Multi-family property in Columbus, preferably with owner financing options . My partner will be attending an RE seminar on Thursday in Columbus, and I will be flying out to meet him in the afternoon.

It'll be a quick visit, but we'd like to get to know the area. Are there any neighborhoods you would recommend?

Any comments or suggestions would be much appreciated.

Thanks,

Oscar

[Robert Ellis]

Originally posted by @Oscar Torres:

Hey BP,

My partner and I are interested in buying Multi-family property in Columbus, preferably with owner financing options . My partner will be attending an RE seminar on Thursday in Columbus, and I will be flying out to meet him in the afternoon.

It'll be a quick visit, but we'd like to get to know the area. Are there any neighborhoods you would recommend?

Any comments or suggestions would be much appreciated.

Thanks,

Oscar

 Hi Oscar, it really comes down to something I have posted about in these forums before....risk tolerance.  As with any investment, there are properties that are a slightly more risky investment in up and coming areas like Old Town East for example and, in general, the returns are higher on those investment properties.  Alternatively, there are properties around the Ohio State University for example that are a less risky   investment but also have a lower return. One kind of investment is in no way better than another as each investor has a different level of risk tolerance.  Additionally, many folks are invested in both kinds of property. An investor may have a property in a B- or A area that is a long term buy and hold and then diversify and invest in a slightly more risky property in a C area that will be a B in the next 3 to 5 years. Good luck with everything!