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Updated about 2 years ago on . Most recent reply
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Experienced Investor in Columbus Looking to Make New Connections
I just wanted to throw out an open invite for anyone to reach out to me who is interested in real estate in Columbus!
I started wholesaling 2.5 years ago when I first moved to this city. I still do a significant amount of assignments, but have also really started to focus on building rentals (went from 2 units to 14 units in the last 9 months) and have several flips going on right now.
I’ve always found a tremendous amount of value connecting with other people who are interested or passionate about investing. I’m an open book and will help out any way I can. Let’s connect!
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Originally posted by @James Stabler:
@Remington Lyman Anywhere that has the best deal :D
Hey James, looks like you're new to the forums, welcome! You may have a hard time finding help from people if you're looking for "anywhere that has the best deal". That could mean a lot of different things to a lot of different people. You'll want to go ahead and do your research to narrow down what "best deal" means to you. Do you want cash flow? Cash on cash return? Equity? Are you interested in single family? Multifamily? Do you want turnkey or a fixer upper? Do you want to house hack? What type of neighborhood are you interested in, A, B, C? How do you plan on funding your "best deal"?
Make sure to do your homework, ready books (lots of them), watch/listen to podcasts (lots of them), read through the forums, run the Bigger Pockets calculator over and over. Narrow down exactly what you're looking for. The really good agents are super busy and can definitely help guide to the right parts of a city to buy in but they can't help you determine what a best deal would mean to you. Here's an example that I used on my first few purchases.
"I'm looking to purchase an out of state multifamily home. I'll be paying cash and I have a budget of $75,000-$150,000. I'd like something that is in decent shape but needs some light cosmetic work so I can add some value. I'm aiming for 12% cash on cash return and $150 a door cashflow. I'm comfortable with something in a B- to C class neighborhood."
As you start to search and run the numbers your criteria may change which is totally find but you'll want to give agents an idea of what to send you and they can recommend the areas where you can find those properties.
Hope that helps a little.