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Updated almost 8 years ago,
New Member - Columbus, OH
My name is Clayton Anderson, I am 25 years old, live in Columbus, OH, and am looking to obtain my first real estate investment! I have an undergraduate degree in finance and am currently working towards an MBA specializing in finance. I have a great career with a large financial institution, but I would like to begin developing an investment portfolio in real estate. I think what I would like to do is either rent out a single 2-3 bedroom home or live in the unit and have a roommate or two.
My mother is a relatively new real estate agent but is working under a very experienced Columbus agent that also holds investment property, and a good friend of mine is a loan officer with American Eagle Mortgage, so I have begun assembling my "team". I have a very high credit score and almost no debt (car payment only, almost paid off), so I already have a pre-qualification letter for $350k and am relatively familiar with FHA loan options for first time buyers. I am confident I could do a 5% down payment on a $250k property for a lower rate conventional loan, but any more than that would be a stretch.
I have taken on the search criteria of "would I want to live here / how much rent would I pay for a month of rent here" mentality which includes a location close to downtown so I would have the option to rent it all out or live in it with a roommate. I have been browsing the MLS database for a few months now strictly searching for duplexes to live in one half and rent the other, but haven't found any I would personally want to live in, and am now extending my search to single family units.
If anyone has some advice or would like to connect, I would greatly appreciate it!
Clayton