Looking for a Columbus Real Estate Agent

[Jim Doyle]

Hi All,

I’m looking to make my first out of state investment in Columbus Ohio. Reason being, I went to college in Ohio, have friends that live in Columbus, know this is a great market for out of state investing and I have a partner that grew up in Westerville and is willing to go 50/50 on our first deal together.

I'm excited about this opportunity and looking for a Real Estate agent in the Columbus market that can help me find a duplex or triplex that has a COC ROI of 10-12%; however just like any real estate investment or dating app, I have parameters for my realtor.

What I'm looking for: 

1) A realtor who owns rental properties of their own in Columbus.

2) Is not in their 20’s; 

3) Has experienced a recession, or economic downturn.

4)  Understands the benefits of a long-term relationship instead of a quick buck or making a commission. 

5) Properties that have a COC ROI of 10-12%

6) Can find the above with A budget of $300k

This is based on my experience in the forums, I’m getting properties sent to me that are in poor neighborhoods that are graded “C” or “C+” by the realtors, and then when I ask anyone that lives in Columbus, they’re telling me these are piss poor neighborhoods to invest in (north and south linden). I’ve also had a realtor try and sell me a property that he owned, bought in July and is trying to sell to me for $70k more after putting in new windows. (No thank you)

If interested (Please Swipe Right)

Any help is greatly appreciated. Also any out of state investors, I'd love for some recommendations on real estate agents that you've found useful and/or a good proprety management company as well

[Remington Lyman]

Quote from @Ashley Cross:

Hi Jim! Check out @Remington Lyman or one of his fellow Reafco agents. They do a lot of business in the city. I wouldn’t necessarily exclude agents in their 20s. Focus on the agents transactions (their volume in the last year, did they work with investors primarily, did they work with out of state investors, do they own and manage properties in Columbus, etc). There are a bunch of old agents that aren’t in the know and with all the changes happening in Columbus you need to be. I’m not in my twenties but I’m relatively young in the mortgage business and because my experience has been working with real estate investors, primarily out of state and I’m an investor myself, I can guarantee you I know more than 90% of other mortgage bankers that have 20+ years of experience in the business. Having experience with the last recession or previous economic downturns isn’t necessarily a golden ticket to Ace this one. It’s a different animal we’re dealing with. 

 Thanks, Ashley but I am 28. With that limitation, he effectively eliminates 50% of the market share of rental deal makers here in Columbus.