All Forum Posts by: Marc Rice

On Monday, Microsoft said it would no longer move forward with its plans to build data centers in Licking County. The company had planned to invest $1 billion initially toward three data center campuses in New Albany, Heath and Hebron.

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COLUMBUS, Ohio (WCMH) — After Intel announced construction on the Ohio One plant will be delayed again, Ohioans are asking if the project will make good on its promises. NBC4 spoke with an expert who believes Ohio One will fall short of its initial expectations.

I am looking for a firm to start a relationship with in my real estate journey.  I recently purchased my first property in Knox County and want to engage to start with structuring a lease with a few custom items I have picked up from some of you all and books from which I have educated myself.  I am simply looking for some suggestions.  Thanks.

Hey BP,

I've found myself in the particular situation that I need to find a property management company that will assist me in finding tenants for a building I purchased. The main demographic that I would like to target would be Section 8 or Housing Voucher individuals. Does the community have any recommendations? 

I appreciate any and all help provided! 

Hello BP community - any one lately come across new construction properties for investors in Columbus OH, most of these builders in Columbus refrain from selling it to investors and only entertain first time home buyers or if you plan to make it as primary home to live in. (Rockford, MI, Pulte, Ryan homes) - any one know of builders who are investor friendly in Columbus?

sachin

Hi Everyone,

As a first time out-of-state investor, I plan to do out-of-state investing in Columbus, Ohio. I found that normal duplexes or SFHs in C area do have cash flow, but the numbers didn't seem worth investing. For example, a duplex (in 1920s) ~ 240k, $2600 total rents with 20k rehab and 5% vacancy, 8% management and 12% maintenance, 1.37% property tax, $960 insurance, 25% downpayment and 7.25% interest rate. The overall cash on cash return is only 5.73% (with principal is 7.84%). It's way below the average return of qqq (12.5%). I want to know in this case if it is still worth investing in Columbus Ohio or if there is anything wrong in my calculation/expectation. I found that the return will be more than 12.5% when the interest rate <5%. Perhaps I should wait till the interests go down? Please share your thoughts and experience and what are the right investments to look at Columbus Ohio. Thanks a lot!