New Investor Columbus, OH

[Dave Brinkman]

Hello All - New to Bigger Pockets and looking into multi or single family homes. A lot to learn, but excited to listen to more podcasts and soak up as much knowledge as I can from others.

[Brian Jordan]

Depends on your strategy and ultimate goal. I wholesale houses to a lot of investors in Columbus and everyone has their own formulas and criteria that they target. I would recommend you decide if you're going to maintain them or have a management company do it. If it's you, put some thought in to the types of tenants you'd like to have and almost reverse engineer your strategy from there. Want high cash flow but potentially difficult tenants, invest all in under $30k and bring in $650-$800/month in certain areas. However, some investors prefer not to deal with the drama that can come from that demographic of tenant. Locate areas that generate $900- $1,100/month and you're getting in to what seems to be a sweet spot in Columbus. All in investment from $60- $80K and what tends to be a better tenant pool. As rents increase however, you'll hit a point where your cash flow tends to diminish. You have a lot of options and some great people that are always eager to help answer your question.