All Forum Posts by: Ryan Blankenship

 They can be fairly high in New Albany, Westerville, and Worthington, but property taxes can be pretty low in other areas. What areas are you looking at? 

 Cooking with derailed train chemicals actually.

Jokes aside, it's a great area. The growth of the tech industry in the central Ohio area has helped a lot. Long-term macro economic predictions show a decrease in globalization and the return of US manufacturing, which sets up very well for Ohio also. 

This has been a great thread. I'm currently an STR owner and looking to branch out into campgrounds and RV parks. There's currently a 170 site campground with several cabins, a pool, and a general store for sale near a popular state park. There is a lot of value add opportunity and I'm local to the area. I would love to find a way to make this deal happen.

Are you looking to stick with multifamily or branching out into another market? 

I would suggest looking at migration trends on sites like Redfin to determine good buy and hold investments. You may also want to target areas with a future growth of high earning employees. 

I can only speak for Ohio, but some of my clients are focusing on areas within 30 minutes of the new $20 billion Intel facility. While others are focusing on the great cash flow of STR's in south east Ohio about 80 minutes away from the new Intel building. The influx of over 3,000 employees earning around 3x median local income will certainly help with appreciation both locally with a buy-and-hold and in the STR market further away.

Send me a message if you have any questions about this area. 

Very exciting for the central Ohio area. I have been focusing on cash-flowing properties in the Hocking Hills. A piece of me wants to pivot closer to Intel, but the other piece of me believes the influx of transient workers and permanent high earning employees will drive demand with STR's in the Hocking Hills.

Intel plans to build America's first chip factory, and possibly the biggest in the world. They are estimated to spend over $20 billion on construction, with some estimates ranging to $100 billion. Construction will take place over the next 10 years. Once completed, it will employ over 3,000 workers with an average salary of $135,000.

Of course everyone is different, but how would you approach this?

1. Local long-term rental and wait on appreciation?

2. Local midterm rental for thousands of transient employees over the next 10 years?

3. Local short-term rental

4. A short-term rental in the nearest weekend getaway spot?

Hocking Hills in Ohio is a great place to invest in the $200-400k range. Steady growth, affordable properties, limited seasonality. I have a few STR's there and was able to quit my 9-5 after only 2. Message me if you have any interest.

 Welcome Robert! I'm an agent here in central and south east Ohio. If you're searching for cash flow, you may want to look a further south than Toledo. Don't forget the new $20 billion Intel chips factory going under construction. 10 years of well paid transient workers. Send me a message if you have any questions.

Hey Sam, I've looked into that market and came out with the same conclusion. It seems pretty seasonal. Have you checked out Hocking Hills? I own and manage STR's in this area and I can't find another market to beat it when comparing cash-flow. If you have any questions, feel free to message me. I don't mind sharing numbers or anything.