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Updated over 5 years ago on . Most recent reply

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Stephen McDonald
  • New to Real Estate
  • Lewis Center, OH
19
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17
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What do investors say about Central Ohio areas?

Stephen McDonald
  • New to Real Estate
  • Lewis Center, OH
Posted

Specifically, I'm thinking about Plain City, Dublin, Powell, Westerville, New Albany, Powell, Lewis Center, Delaware and Sunbury.

Are they in the path of progress? What kind of cap rates can be expected when analyzing? What capital expenditures should be considered, how long do they last, and generally how much do they cost? What affects taxes, how do I estimate those? What regulations do I need to be aware of? Are property management companies around here good or bad? What things should I look for in local news?

I'm not quite sure what I'm trying to ask, but I'm looking for the personality of these places as seen by investors, or also agents, brokers and property managers. I'm looking for context to help in analyzing deals in these areas. It seems like people here like to mingle with each other in the comments, and I'll be reading anything I see there.

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Remington Lyman
  • Real Estate Agent
  • Columbus, OH
6,500
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5,520
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Remington Lyman
  • Real Estate Agent
  • Columbus, OH
Replied

@Stephen McDonald I am a member of Urban Land Institute. I regularly go to meetups with local developers and city officials. The decision-makers in Columbus are actively facilitating the growth of the city.

I just did a hard hat tour of The Warren in Dublin at the Bridge Park development. There is a lot of money going into all of Columbus. Central Ohio is projected to get to 3 million by 2050 (see below article). I am bullish on all of Columbus for REI. I believe it is smart to buy and hold anywhere in or near Columbus.

http://www.morpc.org/news/central-ohio-population-to-reach-3-million-by-2050/

  • Remington Lyman
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Reafco
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