All Forum Posts by: Mike Paolucci

I've been investing in Columbus since 2021. Started off as an OOS investor and haven't been disappointed. I've been finding deals that exceed the 1% rule with a little TLC. 

Happy to connect you with some local property managers and lenders that I've used and would recommend here in Columbus. My property manager has contractors that will be able to help out without having to stress about if they're taking you for a ride or not. 

@Syed Khalid Jamal

Check out the Ohio markets. I started investing in 2021 and haven't looked back since. I've gotten a great mix of cashflow and appreciation over the years and couldn't be happier. 

I'm originally from San Francisco and know how rough it can be trying to find a property that isn't going to run a negative. Positive cashflow properties will be your REI best friend.

I've subscribed to the saying, "If it doesn't make money, it doesn't make sense." 

Happy to chat about OOS investing if your have any questions. Good luck on your property search! 

As someone who grew up in CA, the numbers and landlord laws just didn't make a lot of sense to me. Same has been the case for a lot of buddies I grew up with that have started investing in the Ohio markets. 

I ended up investing out of state and haven't looked back. Not only because of the lower entry points, appreciation and positive cashflow from day one, but more because of the landlord friendly laws. 

Good luck on your property search!
Happy to connect about OOS investing experiences. 

When I was working for a property management company, it was great. Syndicated to A LOT of rental sites (zillow, redfin and many more). 

It also provided owners with weekly stats on everything related to their property ranging from inquires made, appointments scheduled / canceled, feedback from prospective tenants & leasing coordinators.

Worth it, imo. 

Hey Brad,

I suggest Appfolio - I used to work in Property Management and this software made life a breeze in every aspect of the list of things you're looking for. 

https://www.appfolio.com/

Welcome to Real Estate. There's going to be some real head scratching moments / deals out there. Your time would be better spent looking for better deals.

"If it doesn't make money, it doesn't make sense." Sounds like this is one of those head scratchers.

Depending on how long it sits on the market, you can try throwing a lower number at them at a price that makes sense to you and see if that works. 

Out of state investing is always another good option if you're not too keen on living in a duplex/multi unit building. 

Good luck! Happy to answer any questions you might have. 

Columbus, Oh has been a great market for me with both appreciation over the years and positive cashflow from day one. 

Pull the trigger and don't be afraid to let go of a property if it doesn't make sense. Get good at running numbers and trust them. "If it doesn't make money, it doesn't make sense." 

Don't start out with a negative cashflow property - reason being - you want to start off with good habits. It doesn't need to be the best deal in the world, as long as it's not negative, you'll have a good asset, and you'll be able to recognize the good / better / bad deals a lot quicker. 

One thing I'm glad I did - look at out of state markets. Columbus has been pretty good to me and all of my properties have had positive cashflow from day one. Nothing life changing, but it helps and will, in time, turn into cashflow you'll be glad you have. 

Hi @Gladys Melendez have you looked at any of the markets in the midwest? Columbus, Cleveland, Toledo, Dayton? 

Might be a good option for you as well if you're open to out of state investing.