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Updated over 4 years ago on . Most recent reply

User Stats

7
Posts
12
Votes
Jaimin Doshi
  • Rental Property Investor
  • New York City, NY
12
Votes |
7
Posts

Investing In Columbus, Ohio

Jaimin Doshi
  • Rental Property Investor
  • New York City, NY
Posted

Hello everyone, first of all I'd like to wish safety upon everyone in this community and hope you and family are all keeping healthy in these times. I've been on BiggerPockets since 2017 and have learnt a ton of things I would not have otherwise. Now I have a few questions myself as I want to venture out of NYC areas for expanding my portfolio. Also, this is my first post so I'm not sure how it works but I'll give as much detail as possible for people to answer my questions (can't be rocket science for sure)! :) 

I am looking for mainly long term investments where I can have a property manager manage the property and have supplement income. My questions are detailed below:

1) Has anyone out of Columbus, Ohio (mainly out of state) invested in the market? If so, how did you start, what problems did you face after investing, and any gotchas I should look out for?

2) I'm assuming you have a property management in place. If yes, which one do you use and why? What were your other options and why did you choose the one you did? 

3) Im looking to invest mostly in Downtown Columbus, mainly 1-2 bedrooms apartments. Should I be more open-minded to other property types? Do SFH/MFH yield better cap rate in Columbus?

I know I've kept it very generic but I'm just looking for anyone to answer either one or all of the above questions and give me any advice starting to look out of state. Any comment, post, and advice is appreciated. If anything needs clarification, please shoot a comment and I will edit my post to include the clarification. Thank you for your time in advance and stay safe everyone! :) 

Most Popular Reply

User Stats

175
Posts
149
Votes
Travis Hill
  • Investor
  • Multiple
149
Votes |
175
Posts
Travis Hill
  • Investor
  • Multiple
Replied

@Jaimin Doshi I recommend @Remington Lyman as a great Realtor in the whole Columbus market. He is a very aggressive tracker of great deals off-market. The market is very busy with multiple offers on every property. Remington was able to provide reputable people and busineses in each area you need above. Best of luck!

  • Travis Hill
  • Loading replies...