Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
Pick markets, find deals, analyze and manage properties. Try BiggerPockets PRO.
x
All Forum Categories
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

All Forum Posts by: Brendan Lim

Brendan Lim has started 1 posts and replied 1 times.

Post: First Deal in Need of Second Opinion

Brendan LimPosted
  • New to Real Estate
  • Posts 1
  • Votes 3

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.