All Forum Posts by: Rahul P.

As a new investor interested in the Columbus, Ohio real estate market, you're on the right track by seeking connections with investor-friendly professionals. Here's some helpful information to get you started:

1. Real Estate Agents:
- Remington Lyman is an all-star real estate investor in Ohio

- Searching local real estate investing groups on BiggerPockets or Facebook

2. Wholesalers:

Columbus has an active wholesaling market. Some resources to find wholesalers include:

- Discover Wholesale Houses, which specializes in finding discounted properties for investors in Columbus

- Local real estate investing Facebook groups

- Websites like HouseCashin that list wholesale companies in Columbus

3. Lenders:

Several lenders offer investment property loans in Columbus:

- LendingOne: Provides short-term mortgage loans for property purchases, refinancing, and rehabs

- Longhorn Investments: Offers hard money loans for Columbus real estate investors

- Longleaf Lending: Provides 30-year rental loans for long-term rental property investments

For BRRRR and fix-and-flip strategies, consider hard money lenders. The average interest rate for Ohio hard money loans in Q1 2024 was around 11.6-11.8%, with loan amounts averaging $155,000-$205,000.

4. Market Overview:

- The median rent in Columbus is $1,495 as of July 2024

- The median home price is around $284,900, up 3% since January 2024

- Columbus has a strong rental market, with 55% of housing units being renter-occupied

5. Investment Strategies:

Columbus offers opportunities for various investment strategies:

- BRRRR: Look for undervalued properties in up-and-coming neighborhoods

- Fix & Flip: The median days on market is 24, indicating a relatively quick turnaround for renovated properties

- Rental: With a high percentage of renters, there's potential for long-term rental investments

To get started, consider joining local real estate investing groups, attending meetups, and networking with other investors in the Columbus area. This will help you build connections and learn more about the local market dynamics. Remember to thoroughly research any potential deals and always conduct due diligence before making investment decisions. Good luck with your real estate investing journey in Columbus!

@Rahul P., thank you for starting this thread. I am learning a lot through the discussion on this thread. 

I used Perplexity Pro to figure out some information for you. 

https://www.perplexity.ai/page/texas-denton-kyle-buda-eMQX8f...

I am not sure if this is helpful, but thought I'd share. 

@Rahul Prabhakar Taxes in Texas are out of control. My sister has a decent portfolio in Denton, TX and over the past 3 years her taxes have gone up 100%+ across her entire portfolio.

I recommend looking elsewhere as you won’t cash flow.

@Rahul P.

A market closer to the Bay area is Reno, NV. Low property taxes, landlord friendly and with tech and manufacturing jobs moving from the Bay Area there is strong job growth. It's a market still overlooked by many investors. All that combined with limited building and no state income tax there is positive rent and appreciation. Happy to share data and insights in the area. 

 Glad to see other investors from CA looking out of state. I'm originally from San Francisco and started off in 2021 doing the same thing but in Ohio. 

Let me know if you have any questions about being an OOS investor. Happy to help out. 

 Texas is great but has become tough over the past couple of years due to market saturation. Still a great market if you can find the right pockets. I have family in both Dallas and Austin that are still buying homes. 

I know a lot of investors from the west coast in California and Seattle, WA are investing in the midwest due to the strong cashflow and appreciation.