What's it been like investing in Columbus? Where should I invest?

[Vinay M.]

Going to be moving to Chicago next year; looking to purchase a rental property down the line in 1-2 years and just really confused where to go. I know I can't have it all but looking for a stable appreciating with some cash flow and a turnkey SFH. I don't know where to invest, really drawn to Columbus for many reasons (some cash flow and stable appreciation)--what's been some people's positive and negative experiences in Columbus? how did you deal with them? What do you recommend for me? I don't have any income yet as I am just graduating. I know a lot of Chicago investors are here too; but if you were in my spot would you recommend Chicago as prices are too high and I have never been to the city moving next year. Thanks to everyone in advance for their replies.

[Zeke Liston]

Quote from @Vinay M.:

Going to be moving to Chicago next year; looking to purchase a rental property down the line in 1-2 years and just really confused where to go. I know I can't have it all but looking for a stable appreciating with some cash flow and a turnkey SFH. I don't know where to invest, really drawn to Columbus for many reasons (some cash flow and stable appreciation)--what's been some people's positive and negative experiences in Columbus? how did you deal with them? What do you recommend for me? I don't have any income yet as I am just graduating. I know a lot of Chicago investors are here too; but if you were in my spot would you recommend Chicago as prices are too high and I have never been to the city moving next year. Thanks to everyone in advance for their replies.

 Hi Vinay, I own multiple properties and live in Columbus. The properties that I like the best are typically in the B/B- neighborhoods. For example, I bought a duplex in a B neighborhood called Reynoldsburg for $350,000 last year. I'm currently grossing around $2,900 in rent per month. The tenants are very stable, and I often forget that I own the property, which is what I want. I also own properties in C/C+ neighborhoods, and although the cash flow is higher, those properties are more hands-on, and I typically experience higher turnover. It's crucial to have a team that can provide both on and off-market opportunities, as Columbus can get a bit competitive. The property tax is higher than other markets, but generally, the numbers still work.