Investors in Columbus, Ohio
There are many types of investment opportunities in Columbus, Ohio.
There are 15 universities and trade schools:
There are also many major employers.
All those universities and employers lead to the need for housing in both purchases and rentals.
My main three types of investment opportunity are:
1.) Buy rental properties and hold them.
You buy a property, complete whatever repairs need done, then rent the home out.
You can buy homes from $50k to $300k. Obviously if a house is cheaper it doesn't command as much rent. The higher the price, the higher quality tenants, and less hassle.
2.) Flipping houses.
Here is how I do my personal flips.
Find a house.
Assess repairs with contractor and get a bid.
Buy the house.
Pay for repairs. 3-6 month turnaround. You always want the closing to occur after the 6 month market to utilize FHA loans, or you need two appraisals.
Remarket the house.
Sell it. The goal is always to clear $15k or more.