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16 July 2024 | 0 replies
The city, at the time, expressed disappointment at the ruling and began reviewing its options in response.We now have some clarity on the city’s response to the ruling, and it’s overall good news for STR investors wishing to operate in accordance with local law.
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15 July 2024 | 13 replies
I have been trying the local banks and credit unions.
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16 July 2024 | 17 replies
Intel is a great example, who is building the largest chip manufacturing plant in the US right here, and it will be a $20 billion dollar investment that brings a few new thousand jobs.https://www.dispatch.com/story/business/2022/01/21/intel-ohio-building-computer-chip-factories-licking-county-jersey-township/9173472002/ Another example of economic growth is the upcoming Ohio State University Wexner Medical Center Inpatient Hospital which is a 1.9million square foot hospital that will bring over 800 new beds and a thousand new jobs. https://abc6onyourside.com/news/local/new-osu-hospital-expected-to-transform-health-careHere are a few more recent investments https://www.10tv.com/article/money/business/hydrogen-power-company-hyperion-bringing-700-jobs-to-columbus/530-25907aab-5517-4661-a9f3-d2ed2d5be6b0 https://news.wosu.org/news/2022-02-08/rumpke-to-build-50-million-recycling-facility-in-columbus Check out The Complete Guide to the Columbus, Ohio Real Estate Market which goes through the Columbus, Ohio market in depth and will give you a better scope of where the highest levels of growth are taking place and where to look to invest.
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18 July 2024 | 20 replies
I would start pitching to friends and family and then join a local RE meetup group to get to know people.
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17 July 2024 | 1 reply
Market Stability: Buy & hold strategies generally benefit from market appreciation over time, though local market conditions can affect rental demand and property values.
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18 July 2024 | 1 reply
Networking with local real estate agents, joining real estate investment groups, and even driving around neighborhoods looking for potential properties can help you get started.
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17 July 2024 | 7 replies
My advice is get your feet to the fire.I agree , if numbers make sense now, then chances are it may get better in future if I can re-finance it . but I am looking at almost half of CoC that people say to expect.on my first property I am getting around 7.8 % CoC and on this If I get numbers right , it is 4.9This is what is confusing to me whether I should go for it or drop it , Considering CoC.Other than Location is good, Property is good
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17 July 2024 | 18 replies
And the property is located in a hypermarket location.
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18 July 2024 | 11 replies
I do have one sec 8 tenant who doesn’t ever pay her portion of $50 a month but after 8 months I complained to the local director of sec 8 and she spoke to the tenant and got that taken care of.
15 July 2024 | 5 replies
For LTRs, the 1% rule is a good starting point, but also consider the property's location, market trends, and economic factors for potential appreciation.