New member from Columbus, Ohio

[Lisa Price]

Hi all!! My name is Lisa and I currently reside in Columbus, Ohio.

I grew up watching my parents investing in RE and becoming longtime landlords and I witnessed many positive and negative experiences they went through with various tenants. I can honestly say the negative experiences turned me away from trying to follow my parents’ footsteps but I have returned full circle and have decided to think outside the box and put the negative memories behind me (not forgotten though). I currently have 1 property under my belt and hoping to build from that. 

I ended up on bigger pockets when searching for an online community of like minded individuals whose passion is real estate investing (so glad I found this site). 

I am interested in learning a little of everything about real estate investing and my goal is to build a bountiful portfolio that will generate a comfortable life for me and my family as I know this is attainable if I put in the work.

[Account Closed]

Originally posted by @Lisa Price:

Hello Nicky,

Thank you for the welcome.  I have been looking west as well as close to downtown areas.  I have also spotted some properties in the North Linden area (edge of Mifflin Township).  

I would like to learn a little of everything and get a few things under my belt before I can really say which method I would like to go with.  I am trying to learn more about tax liens here in Franklin County but not sure if that is the way to go (the process seems like it is geared toward those that have the capital to buy up bundles).

I recently heard a pocast about BRRRR on BP and it sounded like a good strategy for the central Ohio area. My problem is lack of active knowledge on this method.

BRRRR works awesomely in Central Ohio. Knowing how to estimate rehab costs, ARV, and picking a suitable area are important. If you want to get into that "east linden" area (east of 3/Westerville Rd, Mifflin Township) know that its a bit less desirable than other parts of Linden. For BRRRR, a big risk is the eventual refinance appraisal, and those areas don't sell for as much as other parts of N. Linden.  You can go to redfin and set the filter to "Sold" and look at what stuff sold for. It will have a more difficult tenant pool too, and more interesting landlord-tenant issues. Not a war zone but just more challenging. You can get crazy good deals over there if you hunt, and they will cash flow!