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Updated over 5 years ago on . Most recent reply

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How is the Columbus market in terms of a 4 plex VA investment?

Posted

Hello everyone,

My wife and I are moving back to the states in a year and a half and we are looking find a city to settle down. My wife is currently active duty and we are looking to take advantage of the VA loan. I'm looking to slowly get into real estate while still focusing on my W-2. I figure the best way to jump in is through a 4 plex. Everyone knows what the conditions for VA loans are, i'm more curious if it's worth doing a 4plex in Columbus or if Cleveland might be worth looking into. From what i've read, many people are saying that Columbus is very competitive and quite highly priced currently.

Most Popular Reply

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114
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Benjamin Piecenski
  • Lender
  • Columbus, OH
61
Votes |
114
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Benjamin Piecenski
  • Lender
  • Columbus, OH
Replied

@Daniel Graham Wright You are right on the money that Columbus is very competitive right now. Inventory is super short, and prices have been trending up to reflect that. However, there are still plenty of properties where the numbers work out and are great investments. You may be hard pressed to find a 4 unit that is in a better area that isn't priced at a premium. Let me know if you have any questions about the VA loan process! Also, I'd reach out to @Brandon Sturgill on his (better) insight on this.

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