All Forum Posts by: Chase Vance

Networking, Networking, Networking!!! Traditionally & ONLINE CHANNELS!!!

Go to local REI club meetups weekly/monthly (make it consistent), contact those specific professionals/investors via online channels and connect with them (send them a message and ask to go out for coffee or lunch). Most want to help and give you the resources/tools/connections needed to succeed in this industry and business. Hot Online channels right now: FB pages and groups, BiggerPockets (forums/marketplace/local Columbus-filter directory), "buy homes" websites via Google. You can even utilize the Connected Investor website to create a buyers list and send out deals. Use email marketing with clean templates via MailChimp/Constant Contact.

Ryan, that's awesome! Nice work following through with this!! Let's connect sometime. I am looking for a 3 or 4plex to househack before the end of the year as my first investment. Would enjoy sharing our experiences, knowledge and connections. 

@Michael Hamby You know I'm looking for a 3 or 4plex to house hack by the end of this year!! Can be a rehab/value add project. In a decent area anywhere in and around Columbus/Central OH. I do not want to live in Franklinton, Linden, etc. I would consider the outskirts of these areas however. The street has to be walkable.

Jeremy, welcome and I look forward with connecting with you soon. There are amazing people and resources here in the city and on BP that will serve you well. Definitely begin to come to REI meetups to connect with investors who are doing what you want to accomplish.

The quality meetups in Columbus are Columbus Deal Makers Sessions, Central Ohio Investors Network (COIN), Columbus Multifamily Investors Meetup, Dublin Flip Houses Meetup (has a different name I cannot recall), Newbie Investors Meetup (which Harvey Yergin, Josh Hively and myself started -- come this Sunday for our 2nd session), COREE (costs money with membership, couple hundred people, education based but still good connections to make).

BiggerPockets, Meetup.com, Facebook and Google are the best places to find meetups and the info for those meetups. 

Also, join the Columbus Off Market Property Facebook group. It's quality! 

Those meetups and BP are the 2 platforms I used to get me into the industry fulltime with 3 months, exiting my fulltime digital marketing job downtown. 

Like someone else mentioned, find that mentor who will take you to the next step!! Its vital. 

I'd get a few books from BPs bookstore, or buy them on Audible and fly through them like I did. https://www.biggerpockets.com/store

Start to simply consume info and data daily for the niche you are diving into, make it your duty to do so. Be hungry to succeed, stay active and organized and your prior experience I tell will take you far. Look forward to hearing from you. 

Hey Patrick, 

It will not be difficult to find credible and highly vetted RE agents in our area. I know a few solid Columbus agents who are investor-centric who have their own SF & MF investments themselves. I can shoot you their info if you'd like? Always willing to help. There is a lot of opportunity in Columbus for both of those asset classes. 

Chase Vance

@Robert Ellis Worthington. It's an interesting deal too. These 2 know how to estimate rehab costs with Erik Bogard having construction and rehab experience. They maybe new to this strategy but I'd trust them over all the other newer wholesalers and even some of the seasoned ones because Olivia and Erik want to help investors and sellers, not take advantage of them.

Keep hustling guys!!

Info regarding Columbus vs Cleveland --

Data from Yardi Matrix Reports (sent out via email today 1/16/19):

"Cleveland’s core continues to drive the city’s multifamily market, with most development & investor activity taking place within or close to downtown. With demographic contraction tempering & demand improving, rent growth is accelerating, notching a 2.2% year-over-year gain through October 2018. The overall average rent of $910 was well below the $1,420 national figure. 

In Ohio’s capital city, a diverse economy, a relatively low cost of living & above-average population growth have maintained Columbus’ status as a top rental market performer, even as employment growth tempered. Rents were up 3.4% year-over-year as of October & the average rent was $951.

Columbus Rents:

"Columbus rents were up 3.4% year-over-year through October, 10 basis points above the national average. Boosted by a diverse economy, relatively low cost of living and above-average population growth, Columbus had the second-highest rent growth rate in Ohio, trailing Toledo (3.8%) but outpacing all other metros in the state, including Cincinnati (3.0%) and Cleveland-Akron (2.2%). The average rent in Columbus was $951, remaining significantly below the $1,420 U.S. figure."

& 

"Rents advanced across all Columbus submarkets, with suburban areas within the Jack Nicklaus Freeway loop topping the list: Greater Hilltop (average rent up 8.0% to $812), Clintonville (7.5%, $901), Upper Arlington (6.8%, $1,120) and Southwest (5.3%, $678). At $1,352, the average rent remained virtually flat in the metro’s fastest-growing submarket, Columbus–Downtown, where more than 1,100 units came online since the beginning of 2016 and an additional 1,573 were underway as of October."

***This specific Yardi Matrix for Columbus's MF includes an overall Market Analysis of--> Rent Trends, Economic Snapshot, Demographics & Affordability, Supply, Transactions, News in the Metro, Columbus Submarkets, Asset Class Definitions (A-D)

Welcome to BP Roya! I know a few solid Columbus agents who are investor-centric who have their own SF & MF investments themselves. I can shoot you their info if you'd like? Always willing to help. There is a lot of opportunity in Columbus for both of those asset classes. 

Hey Michael, congrats on the new role. There is a Facebook group called Cincinnati Off-Market Property (as well as Columbus and Cleveland), that you need to join for sure. A lot of high quality investors and real estate professionals in general you would add value to. Those groups are active daily, with a lot of interaction. 

In Columbus, we have countless area-market pages for listings/agents (such as Dublin and Hilliard OH Homes for Sale and Rent page), so those too could be valuable to make a presence on.

Also, Consider establishing your own personal (Broker) content-consistent Facebook page/profile that will drive clients to you from the Cinci group, etc. It would add credibility to you and your online presence. If you have a website, make sure your FB connects to it.

I do like Scott's take on segmenting, that is highly valuable for your budget and effective overall. You want a targeted segment with much more frequency (hit them ads more often). If you ever need any guidance, let me know, I am an SEO/PPC Analyst and Web Developer (Digital Marketer in essence).

Hey Scott, I know for sure Phoenix Loans (http://phxloans.com/) is a high quality PM and Lender. They currently manage over 1K units all over the city of Columbus.