All Forum Posts by: Patrick Drury

@Ryan Clark
If it's just a duplex, have you looked into sub-metering the utilities? 

@Jorge Martinez
I'll send some over 

@Daniel Murphy
Join a well-known commercial brokerage in your area and work in property management 

@Ravi Pamarthi
I would try and invest locally, and if that isn't feasible, then look out of state. I didn't see this in the post, but do you rent or own where you live? Maybe a house hack would be a good option depending on your personal circumstances. If it costs more to own than rent where you live, investing out of state might be a good option. 

@Jon Toro
I'll send over some recommendations 

@Marty Shawn
If you are looking at investing out of state in Columbus, I recommend areas like Hilltop, Linden, Eastmoor/ Whitehall, and Franklinton. These are areas where you can cash flow in Columbus because the rent-to-price ratio is favorable. Out of these areas, Franklinton and Linden are seeing some of the most developments. With things like the ONE Linden plan in Linden, which is a 50M plan to improve the neighborhood. Of that 50M, 25M was allocated for the construction of a new recreational faculty that has since been completed. Franklinton has been seeing lots of developments like the completion of Gravity Phase 1 and phases 2 and 3 on the way. As well as coffee shops like Bottoms Up Coffee are moving in and small microbreweries like BrewDog and Land Grant.

@Scott Costello
You need to narrow in more on the markets in those states not just the states themselves. In ohio alone you could be looking at Columbus, Cleveland or Cincinnati. You could also look at more tertiary markets like Akron, Dayton, and Toledo if you want more cashflow 

@Jinglei Shen
You'll need a signed mutual release from the seller before the title company will release those funds. In Ohio, EMD will stay with the title company or buyer broker (whichever it's deposited with) for 2 years, then it gets released back to the buyer if the parties can't come to an agreement

@Tom Grieshammer
There are better deals out there than a 325k quad in Corlett. That is very very very overpriced. Sadly there aren't a lot of 4-units in Cleveland let alone ones zoned correctly, but nonetheless, that's still overpriced.



@Dalton Summers Add another one to that list I bought my first rental at 19 and it was a BRRRRR while I was washing dishes. I also didn't need or use a co-signer. I now currently have 32 units and still don't have a single house hack

@Tom Hall   
I recommend areas like Hilltop, Linden, Eastmoor/ Whitehall, and Franklinton. These are areas where you can cash flow in Columbus because the rent-to-price ratio is favorable. Out of these areas, Franklinton and Linden are seeing some of the most developments. With things like the ONE Linden plan in Linden, which is a 50M plan to improve the neighborhood. Of that 50M, 25M was allocated for the construction of a new recreational faculty that has since been completed. Franklinton has been seeing lots of developments like the completion of Gravity Phase 1 and phases 2 and 3 on the way. As well as coffee shops like Bottoms Up Coffee are moving in and small microbreweries like brew dog and Land Grant.