All Forum Posts by: Austin Steed

hows rental market in columbus ohio for investors? is there any cash flow? also what part of columbus ohio is considered good, low on crime, fast developing yet still affordable to buy a house? 

Hi all, I'm new here. I was thinking about pulling 100-150k out of my house (currently owe 150k but worth 600k) to buy something to rent. I am not averse to something in the 10-35k range but would need to find the right mix of location and situation to pull the trigger on a project like that. I'm currently considering Erie, PA, Pittsburgh, PA, and Columbus, OH, although I am interested in NY state also.

Any thoughts would be helpful

Hello, I have a duplex with an adu under contract. I have to go FHA since Conventional doesn't cover multi family with an adu. The property is older and the appraiser gave a list of repairs needed in order to be approved for FHA. The seller is willing to negotiate price, but I have to pay for all repairs upfront. Has anyone dealt with a similar situation? This seems risky, since I have to pay for repairs on a property that's not even mine yet. The deal is very good and I'm willing to go through with it, but how can I protect myself to the fullest?

Hello Everyone, My name is Aidan i own Jones Prop Management LLC. I dont manage any properties i do wholesaling and am looking for my first rental, not sure why i chose that LLC name but oh well. What im hoping to gain from this group is knowledge i cant find anywhere else, i hope to meet people that i can help and people that can help me, I hope i can form good friendships on here, and i hope to find my first rental. I am also looking for in person meetups in the Detroit, Ann Arbor, and East Lansing or Lansing areas. I also work in the Rochester, NY area providing deals for cash buyers. I hope to meet and learn a lot from you all. Thank you to bigger pockets for this opportunity.

Aidan

Investment Info:

Small multi-family (2-4 units) buy & hold investment in Columbus.

I am in contract on a duplex in Grandview where I plan to live in one side and rent out the other.

Hi there! As a first time investor looking to make the first purchase on a multifamily home in and around the city of Columbus, OH, within the next 2-3 months, I wanted to ensure I have all the information I need to be able to quickly and efficiently analyze and decide on a property worth investing into. Here are some hard numbers from my end:

• 40k — 60k down payment
• 6% minimum CAP rate
• Multifamily — 2 to 4 units
• Columbus, OH

Some of the questions I have revolve around the actionable steps I can take as well as the hard numbers I should be on the lookout for when analyzing a property as being a good deal or not.

I would be more than happy to schedule a call at your earliest convenience to discuss the details. Thanks again for your time!

Hello Bigger Pockets Community! I am Zach, I work in construction in Toledo, Ohio. I joined bigger pockets to grow and scale my rental portfolio. Also to network and learn from like minded people. I currently own 3 houses (2 rentals) (1 primary).