All Forum Posts by: Clifton Young

If you have the appetite and patience, go for it!

Everyone experience will be different.

On the surface, it looks like a decent deal. Make sure you know your exit plan if it doesn't go as planned. 

There are a lot of suburbs of Columbus that are good markets (many listed zip codes above). Finding a "good deal" now in columbus means you have to be a little creative. I know some investors that have been adding bedrooms/bathrooms to houses, Opening floor space, doing short term rentals, etc. 

Hey Omer, I am currently an investor in Ohio. Columbus Market is hot right now! Prices maybe a little over inflated, but it is a great market if you can find a deal. I'm in the Cleveland market right now. Housing prices have been pretty consistent overall. In the short term, may not appreciate as much as Columbus, but Cleveland has a great rental market.

When looking at Columbus (Or, any area) it is best to "Follow the Money". The city of Columbus used a lot of city $'s to renovate the Short North area. The area used to be gang and drug infested, but due city initiatives, the area is one of the hottest markets in Columbus. Listening to city officials, the next city project will be the Linden area. Good luck!

Mark,

I live and invest in the NE Ohio area. As many mentioned, Columbus is the "Hot" market in Ohio right now. With that being said, everyone is aware of that and real estate prices are reflecting that trend. If you are looking for solid and good cash flowing rentals, Cleveland and surrounding areas are a great location. Cleveland has all the amenities of big market cities. It is home to 3 major sports franchises (Indians, Browns, and Cavs), #1 Medical Institution (Cleveland Clinic), Casino's (MGM), Amazon Fulfillment center, Malls, rapid transit, Universities, etc. I would recommend you invest in the area.

@David Rutledge Columbus, Oh, is a great market for the radon you mentioned. Also, it is one of fastest growing cities in the US! Locations next to hospitals (osu,nationwide hospital) because they provide short term rental for med visitors or families of patients.

I could talk about the Columbus market At length! Let me know if you want to connect to talk further.

Welcome to BP Carlos! I am an investor in the NE ohio area as well! I also have roots in Columbus. PM if you would like to connect!

@Derrick Wortman I’ve heard of some ppl using credit cards with 0% interest. Fix it up and refinance through bank to pay off card.

Or, you can s is if you can get owner financing. Give the owner your down payment and work our terms. If you negotiate right, you might be able to do it interest free!

@Alyssa Nagasako a lot of time “bad debt” is psychological, so many ppl want to get rid of it. But, financially if you can make better than a 6% return, you should invest. I’ve once heard a quote , “a homeless man isn’t homeless because he doesn’t have debt, he is homeless because he doesn’t have enough streams of income”.

Also from a tax standpoint, the interest you pay on your student loans are tax deductible (up to$2k). Combine that with real estate, you can see some tax saving.

Last point, if you do decide to pay down your student loan, it will help your debt to income ratio. So, once you are able to save up more money to buy a property, you will qualify for more money because your debt to income ratio will be lower.

All things to consider. Good luck!

@Yvette Valencia are you investing for cash flow or appreciation?