Thoughts on Newark, OH

[Andrew Yarman]

Hello my fellow Central Ohioans or any one that would like to chime in! I just wanted to gather some thoughts on investing in Newark, primarily BRRRR. The price of entry is somewhat lower than in Columbus/suburbs but with probably not much room for appreciation. More than likely they would be cashflow properties only. Does anyone have any experience or success in the Newark market? A search of bigger pockets doesn't turn up much.

Also, can anyone recommend a great investor friendly agent that knows the east side of the Columbus area well? Thanks!

[Brandon Schlichter]

I heard all sorts of complaints from people/investors/agents about buying rentals here in Circleville & Chillicothe.

I'm now at 51 rentals with another 3 in contract set to close within a month.

I love these markets because the competition is significantly less and very easy to buy a very profitable rental.

The biggest hurdle I've delt with is that the BRRR is that appraisals/comps are lower in smaller areas, so potentially harder to refinance but cashflow looks great.

My cap rates blow alot of areas out of the water. Sure you can do well in Columbus, but in a place like Newark its very easy to find.