All Forum Posts by: Scott Allen

@Lorri S.

Ask the agent if he/she has any experience with new builds and go from there. Typically new builds can still be negotiated/remedied through inspections while in contract (Seller credits, work that needs to be done properly). Agents are typically required to show up with the client at the first appointment with the builder - if they miss that, they can often be cut/pushed out of the deal. Builders will still charge you the same amount regardless of if an agent is involved or not. 

@Divya Santhanam

I live here, invest here, and love it (during spring, summer, and fall). Columbus is an economically diverse market here in Ohio with a great mix of cashflow and appreciation. It's landlord friendly and still relatively affordable compared to other hot markets around the country. If you're looking more specifically for cash flow, tertiary markets that I also like are Newark, Dayton, Marysville, and Lancaster.

Feel free to reach out you're ready

@Jagpreet Singh Sounds like you are working on building your core four here in Columbus. Small multi-family from 2-4 units, BRRRR's, and 1% rules are still doable and findable but are more commonly done off-market.

Feel free to reach out when you're ready

@Mike K.

Get the gas and electric sub metered 

@Ken Livingston Columbus is a great market. It's the most expensive market in Ohio because it has a mix of both cashflow and appreciation. Cleveland would be good to look into if you're lookin for more cashflow. Some of the best multi-family deals you can get done here are usually put together off-market prior to being listed. Small single-family deals you can find on the market to BRRRR.

@Vivan Bhalla 

I know that zip code as well as other duplexes that are similar to that in 43206. Sounds like a good deal, will probably need a little more than $15k for renovations but will probably rent as is for $1000-1200 each side. You should pull the trigger and put it in contract before you lose it to someone else that's looking at it off market. 

@Carlos Quiros What neighborhood in Columbus are you looking at?

@Amanda Shilling

Research 3-5 different markets in the Midwest. Network with investor friendly agents in those markets. Pick one market and build your Core Four then start sending offers. 

If you have the downtime to - visit the market you're most interested in so you can see it first hand as well. 

Check out Columbus, OH!

@William Deterling

Congrats on your deal! Keep the cashflow aside for upcoming vacancies, maintenance, and repairs.

@Kenneth D. 

It can take a couple years to save up 25% which can seem like forever and a bit intimidating. If you're in the situation where you're able to house hack something like a duplex, triplex, or fourplex - consider doing that to get started. It's the best way to learn how to landlord when you're just starting out. You can put as little at 3.5-5% down and at the same time you're able to avoid renting somewhere else because you'll be living in one of the units. 

Two books I would recommend to read - Rich Dad Poor Dad by Robert Kiyosaki and How to Invest in Real Estate by Brandon Turner.

Keep at it, you're in the right place. Best of luck!