Are you currently investing in Columbus?

Question

Hey BP,

I'm looking to connect with investors in Columbus. Whether active or not, local or distance.

Are you currently looking to purchase?

How's your experience been since starting your portfolio in Columbus?

What is something you wish you knew before purchasing your first property?

Thanks!

Derrick Deese · Answer

Currently investing in Columbus, and have been since 2018.  Been a great market for myself and partners.  Like @Remington Lyman said wishing had been more aggressive earlier, but hindsight is 20/20.

One thing I wish we knew was how to properly manage vendor relationships, as they can make or break some of your financials.Best of luck to you!

Michael K Gallagher · Answer

When I started investing in Cbus I had no idea just how much that investment would give me.  I'm nowhere near most of the guys over at Reafco, but it just shows that this city and market can work for any investor.

I also would challenge anyone to find a market with a stronger workforce or more educated workforce, never mind how much economic diversity we have here.  I don't have the data really to support it but In my mind we have the most diverse economy in the country.

Remington Lyman · Answer

I started purchasing here in 2017. The city has seen a boom in population and job growth. It has pushed rents and house prices higher

Tracy Keffer · Answer

I am and my clients. The one thing right now is interest rate kills cash flow. So you gotta be smart with numbers and find deals all the times. You also need to know the market, the pockets of the market. Dont just look online and thought it's a great deal. Some pockets here you walk over one street it's a different neighborhood. Have a Realtor be the eyes, ears for you locally and have no problems telling you to walk from a property if it's not a good buy for you. Find a good property manager that actually will pick up the phone (yes, I meant it). A lot of researches can be done online so familiar with all the tools you can use. I'm happy to walk you through the map of Columbus so you can have an idea. Now, you're talking about Columbus OH not GA. Correct?

Caroline Widjaja · Answer

Started investing in Q4 2017 and I wish we bought a lot back then. I've been so blessed to find my good and honest real estate agent & PM in Columbus, and so far it's a smooth sailing, no regrets or mistakes for ALL of my deals in Columbus. Keep in mind that I have a pretty good real estate investment background for many years before jumping into Columbus market and my husband is a Buckeye alumni and maybe that helps. If I were you, you need to fly to Columbus to see the neighborhood and to get an idea what kind of neighborhood you're looking for. One street maybe lined up with many good properties, the other street maybe lined up with some boarded homes.

Alexis York · Answer

I would agree. I am currently looking for duplexes in Columbus.

If you know of anyone that could help or give me insight on this process I would appreciate it!

Patrick Drury · Answer

@Gurjot GrewalI am local in Columbus and still actively looking to purchase.

Gurjot Grewal · Answer

Hey @Remington Lyman when you first started did the process go over smooth? Any mistakes or regrets with the first few deals?

Remington Lyman · Answer

I wish I were more aggressive with I started

Are you currently investing in Columbus?

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