First Deal in Need of Second Opinion

[Brendan Lim]

Hey everyone, 

I'm a first time real estate investor looking to close my first deal in Columbus, OH. I've got a lot of conflicting ideas bouncing around in my head, and I'm afraid I'm falling into analysis paralysis.

Are there any experienced real estate investors in Columbus, OH who would be interested connecting? 

I know that real estate is super specific to the locale, and I'd love to hop on a quick call with someone who has context in the Columbus market.

Without digging too much into the details, I'm under contract for a duplex in the Franklinton area. The units are pretty much turnkey, but my analysis shows that the property will barely break even. In short, this would be an entirely appreciation-based investment.

Given the state of the economy today, with high interest rates and the seller-buyer lock out effect, I want to discuss the pros and cons of this investment at length, specifically in the context of all the other properties / neighborhoods that I have been evaluating. 

I feel that I don't have enough experience to know if I could do better or worse. At the same time, I feel that time is against me. People always say the best time to invest in real estate was last year. 

[Remington Lyman]

Quote from @Brendan Lim:

Hey everyone, 

I'm a first time real estate investor looking to close my first deal in Columbus, OH. I've got a lot of conflicting ideas bouncing around in my head, and I'm afraid I'm falling into analysis paralysis.

Are there any experienced real estate investors in Columbus, OH who would be interested connecting? 

I know that real estate is super specific to the locale, and I'd love to hop on a quick call with someone who has context in the Columbus market.

Without digging too much into the details, I'm under contract for a duplex in the Franklinton area. The units are pretty much turnkey, but my analysis shows that the property will barely break even. In short, this would be an entirely appreciation-based investment.

Given the state of the economy today, with high interest rates and the seller-buyer lock out effect, I want to discuss the pros and cons of this investment at length, specifically in the context of all the other properties / neighborhoods that I have been evaluating. 

I feel that I don't have enough experience to know if I could do better or worse. At the same time, I feel that time is against me. People always say the best time to invest in real estate was last year. 

I have been investing in Columbus, Ohio, since 2017. I own over 100 residential doors and three smaller commercial deals. I would be happy to connect. 

The best time to invest is always in the past, but that isn't possible, so the only thing you can do is start today. Then, in five years, you can start explaining that to those who have not begun.