All Forum Posts by: Aimee Sowards-Mounts

Welcome to BP.  Columbus is a great city to be in for real estate investing! Message me if you want to chat more about various price ranges and strategies for investing here. I can introduce you to various resources frim home inspectors to insurance agents and lenders who specialize in investment properties. As an investor-friendly agent and small scale investor myself, I will help any way I can and am here locally as well! 

The only way to truly "wholesale" per sey, in Ohio is to do a double close and take actual title, then close again with an end Buyer. I am sending you a PM with a few suggestions for the Columbus Ohio area. The act of wholesaling with a single close in Ohio is by all intents and purposes illegal and without using a licensed agent and taking title (even if only for a day or so) ou can find yourself in a heap of legal trouble with the State. 

Where in Ohio are you? 

I can help in Ohio, I'm in Columbus Oh which is about 30 minutes south of Marion. I have clients that would have an interest in Marion! 

What a phenomenal story, thanks for sharing!  I LOVE to hear these stories, where the "little guy" put his mind and money to work for him!  And you are genius to realize that Ohio has so much opportunity for great cash flow and long term buy/hold wealth. As a Real Estate agent in the Columbus, Ohio area I already feel this way and see it happen for clients every week. But it is frustrating to see those on BP that bash Ohio and downgrade our awesome state and potential here. But, that means less competition for you, right?  Congrats again on your fantastic success. I'd love to hear more about the price points and condition of the apartment communities yoI've bought in OH, what improvements you made to them, and how your property management is working out with them.  And if you ever decide to invest in the Columbus or surrounding areas, I'd love to chat!  

HI Donna!

I think that's awesome that you're going to invest in our awesome city of Columbus, Ohio all the way from Australia! I'm a licensed agent here in Columbus and would be happy to help secure property AND clients for you. I have off-market properties in all price points, and investors looking for property to flip and buy/hold. Let's chat and brainstorm! I'm happy to help with any questions you have about our market, such as areas, risks, demand, supply etc. Best of luck to you! 

I sent you a reply message!  John is right, research on a few properties is one thing, submitting multiple offers a day is an entirely different animal! 

As an agent here locally in Columbus, I cannot find a city or area that has had such stable growth and continued major growth coming. We have several major hospital systems expanding, some of them being the best in the country. Ohio State continues to grow and thrive.  Our suburban governments and bank accounts are almost all very stable and then some.  Housing is very stable and climbing, with an enormous demand for both rental properties and traditonal buyers looking to purchase. We have a high demand with a low supply, driving prices up.  Central Ohio have overseas companies moving operations an headquarters here, and others adding operations here. Most notably Amazon, which I'm sure we can all agree is a world-wide household name, and a very smart beast at that, is bringong major operations here. Three data-centers so far, and a major distribution center, all within the next 3 years. To the tune of 1.1 billion dollars, and that's just what is declared thus far.  We can agree to disagree in this business, but my money in on Columbus as steady-eddy at a bare minimum, and I'm betting we are at the starting gate of a large 10 year upswing.  Go Bucks! 

Hi, 

You're busy! My suggestion is to not nite off more than you can chew, especially not knowing where you'll be after her med school. If her med school is an affordable markey like Ohio where I am, I would suggest buying a duplex. This gives you 2 properties under 1 roof and one loan. FHA financing can be used for this. You can live in one unit and can rent the other to offset or even cover your mortgage payment. This gives you several benefits: the tax deduction of home ownership, builds additional credit, can build equity to leverage for future investing, and the ability to write off expenses repairs and upkeep. When or if you decide to leave the area, you could rent the 2nd half and increase your rental income and hold it long term, or sell off with or without renters. Even though you have to pay PMI, the FHA calculation for PMI is lower than a Conventional loan. They're also less strict on credit and debt/income ratio so it's easier to qualify. This gives you a rental property with minimal down, and many areas have grants for first time home buyers which could mean zero out of pocket! You can keep the FHA loan if it makes sense to if you move, you'll just need a Cinventions loan. One can only have one FHA mortgage at a time. Let me know if I can offer any more advice, especially if you end up in Ohio! Good luck!