All Forum Posts by: Roy Nackar

Just wanted to circle back and say a huge thank you to everyone who commented on my post! Your input has been incredibly helpful, and I've been genuinely surprised by how nice and supportive this Bigger Pockets community is.

On a related note, I've noticed areas like Linden, Franklinton, and Whitehall come up quite a bit in discussions here. Based on some data I've looked at, these often seem to be classified as D locations. From an investment perspective, isn't it generally advised to avoid areas with that classification? Curious to hear your thoughts on investing in these specific neighborhoods.

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Quote from @Jimmy Lieu:

Quote from @Roy Nackar:

Hey BiggerPockets community!

My name is Roy, and I'm excited to introduce myself. I'm a rookie out-of-state real estate investor currently immersing myself in BiggerPockets videos, podcasts, and books. I'm also enrolled in a BRRRR-focused mentorship program to help get started.

I'm currently based out-of-state but am focused on investing in the Columbus, OH MSA market. My primary goal over the next three months is to acquire my first long-term single-family rental property there.

Longer-term, I aim to steadily grow my portfolio using strategies like BRRRR and potentially flips, with a focus on long-term rentals. My ultimate goal isn't necessarily vast wealth, but achieving financial freedom and security through real estate. Networking with experienced local investors, agents, property managers, and contractors in the Columbus area is also a key objective for me right now.

I've received some cautionary feedback about investing there. For those of you familiar with the area, I'd appreciate your insights: What potential challenges or specific downsides should a new out-of-state investor be particularly aware of in the current Columbus market? I'm eager to understand any perspectives I might be missing.

Thanks for having me! I'm looking forward to learning from and connecting with you all.

Hey Roy, I own over 10+ rentals in the Columbus Ohio market and have helped many clients invest here as a realtor so I can definitely answer this question. Personally, I wouldn't say there are any downsides specifically to the Columbus Ohio market. Instead, I would say when it comes to out-of-state investing, you need to absolutely make sure you're working with a great investor agent. There are A LOT of bad investor agents out there who don't know anything about investing and only care about making an extra buck...

You should have an investor agent who can help with the following...
1. Finding you personalized deal flow (on-market, off-market, pocket listings)
2. Being able to consult on whether a location is good or bad for an investment property
3. Being able to estimate renovations and provide a scope of work
4. Being able to help you build your real estate team (PM, contractors, lenders, etc)
5. Helping you with your deal analysis and provide consultation on your numbers

With that being said, I'd definitely recommend looking at Columbus Ohio! It's a super affordable real estate market where you can still find deals that hit the 1% rule anywhere from $120-180k purchase price. It's one of the hottest markets in the US right now with so much population growth, job growth, and companies moving/developing here (26B Intel headquarters being built here, 68K+ enrollment in Ohio State University, Amazon, FB, Google, Honda, Microsoft, LG, Nationwide, Anduril, etc.). You can still find positive cash flow (aka the 1% rule) and amazing appreciation potential. Happy to connect and answer any questions you have!

Thanks Jimmy! Appreciate the input

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Hi @Patrick Drury and @Jaycee Greene,

Thank you both so much for taking the time to reply and share your insights!

@Patrick Drury - I really appreciate the detailed suggestions on areas like Hilltop, Linden, Eastmoor, Whitehall, and Franklinton for BRRRR, along with the context about ongoing development. That's very helpful information.

@Jaycee Greene - Thanks for the recommendation to connect with @Robert Ellis for the local developer/contractor side of things in Columbus. That's a great pointer.

Grateful for the valuable input from both of you!

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Hey BiggerPockets community!

Thanks for having me! I'm looking forward to learning from and connecting with you all.

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All Forum Posts by: Roy Nackar

Roy Nackar has started 1 posts and replied 4 times.

Post: New Out-of-State Investor Targeting Columbus, OH

Post: New Out-of-State Investor Targeting Columbus, OH

Post: New Out-of-State Investor Targeting Columbus, OH

Post: New Out-of-State Investor Targeting Columbus, OH