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Updated over 7 years ago on . Most recent reply
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Struggling to find second property
Hi everyone, I am in the Columbus, OH area and currently have one rental property and am currently challenged in my attempts to find my second property. The first property is a college rental that found on MLS after several months of searching. My thoughts are to remain in the Columbus area as I begin to learn the process. Going forward I do not see myself continuing to manage properties because of full time job (60+ a week). Does anyone have suggestions on a good next step to find properties (real estate agent, turn key or property manager)? I appreciate any advice that anyone can offer. Thank you.
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The Columbus market is very tight right now. Any property that hits the mls at any type of discount will be swamped within days if not hours with multiple offers. There are deals to be had here but they are tough to find and you'll definitely have to put in the hours to do it. I'm fortunate to do this full time, but I put in 20-30 hours a week solely on locating and analyzing potential deals from a variety of sources for myself and my partners. If you're time strapped then spend your time networking with Realtors, wholesalers, and other investors. Let everyone know what you're looking for and then make it worth their time to think of you when they run across a deal. Otherwise you can spend a lot of energy spinning your wheels and going nowhere.