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Updated 6 months ago on . Most recent reply
Is Columbus Ohio still a good place to invest?
Hi,
I'm an all cash investor currently based in Seattle, Washington looking to do out of state investing in Columbus Ohio.
My goal is buy & hold/cash flow, and specifically 3/2 or 2/1 single-family homes.
I do know that some regions of the US are really popular on the BiggerPockets forum for rental investments, and Columbus seems to be one of them. (Especially over the last few years)
Is there a catch though to the popularity I'm seeing in Columbus and investing in rentals there?
Is Columbus Ohio in August 2024 still a good place to buy a single-family and rent it out for rental income for an out of state investor? Would I be too late to the race?
Of course, this would be while working with a knowledgeable investor agent.
I'm just concerned that possibly due to Columbus' popularity on BiggerPockets and elsewhere, the market may have been saturated with investors, turn key providers.
I just wanted to get the honest truth before I jump into it and start working with a realtor.
Could it be as simple as finding a good Realtor, buying in a working class neighborhood, etc, and renting it out?
Or are there specific caveats and things I should know about the Columbus market?
Thanks
Most Popular Reply
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@Ryan Louz
The cashflow deals are mainly C location 1-4 unit properties. The metrics for long term growth that made investors turn to Columbus still hold true and most of the job creation projects, like intels micro chip factory https://time.com/6140476/intel-building-factory-ohio/ haven't even been completed yet.
A good local realtor will be able to guide you on the neighborhoods and should have deals available to you that aren't being listed to the open market.
- Evan Hopple
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