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Updated about 8 years ago, 09/04/2016
Newbie here!
Hello BiggerPcokets!
This is my first post on this site! I've been listening to the BP podcasts for some time now, and have been very anxious to find a good deal that I can jump on ; I think that time is now!
I found a potential property in Columbus, OH located just 12 minutes away from Ohio State University by car.
It's a 14 Unit apartment complex for $500k with the potential to net $5k/Month.
It was newly renovated within this past year and is in great condition. I don't want to assume that there will be little to now rehab costs involved with this purchase, but I am hopeful for just minor touch-ups.
I am looking to Buy & Hold rental units to build a great cash flow portfolio. I am aware that I am new to this REI but am looking to gain all the knowledge I can , to make this a profitable experience.
What should be my main concerns if I were to get involved with this property , or things I should look out for? Any responses are greatly appreciated and I anxiously await your expertise!
Also, Who on here has invested or is currently investing in either this neighborhood or surrounding neighborhoods that are profiting?
Thank You!
Sean Perinuzzi