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Hello everyone, happy Saturday! Today we are celebrating our 200th issue. Thank you to those of you who have been with us since the beginning and those of you who have recently began your journey towards building long term wealth. Today we are back with another Real Estate market. Enjoy!

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Real Estate Investing

Market Snapshot:

Columbus, Ohio
The Columbus real estate market is experiencing moderate but steady growth. The median home price is $315,000, reflecting a 4.7% year-over-year increase. With a rising population and the influx of tech companies, Columbus is becoming an increasingly popular location for both buyers and renters. However, the inventory is tight, with active listings down 7% from last year, making the market competitive for investors and homebuyers alike.

Median Home Price: $315,000
YoY Price Growth: 4.7%
Active Listings: 3,900 (down 7% from last year)

Deal Of The Day:

11-unit Property in Columbus, OH
Price: $1,800,000
Units: 11 (2-Bed, 1-Bath each)
Monthly Rental Income: $14,300
Cap Rate: 8.2%
This 11 unit multi-family apartment building in the nice Deshler Park neighborhood provides a lucrative opportunity for investors seeking cash flow. With each unit renting at $1,300/month, the property generates an annual rental income of $171,600. An 8.2% cap rate in an area with high tenant demand makes this property ideal for those looking for a solid income stream with room for appreciation as Columbus’s popularity grows.

Deal Rating: 9/10

This property is located in an amazing area with a generally high appreciation rate as well as great rents. This property shows great potential as a long term investment for building long term wealth.

Real Estate Tip:

Investment Strategy:

Real Estate Crowdfunding
Crowdfunding lets you invest in real estate with smaller amounts of capital, giving you access to diversified properties without full ownership. By pooling money with other investors, you can buy a share in large commercial or multi-family properties. For example, investing $5,000 could give you a stake in a property valued at $500,000, providing proportional income returns. This approach minimizes risk, particularly if you’re new to the market, and Columbus’s stable growth makes it a sound location for such investments.

Current Interest Rates:

Columbus, Ohio
30-Year Fixed Residential: 7.0%
15-Year Fixed Residential: 6.3%
Commercial Rates: Starting at 6.7%
Columbus’s interest rates for residential properties are lower than the national average, which encourages local buyers to continue entering the market. Commercial rates are still competitive, making multi-family properties attractive options in this growing city.

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Economic Conditions

Columbus has a resilient economy, supported by its growing tech sector, educational institutions, and healthcare industries. With an unemployment rate of 3.8%, Columbus has continued to attract new residents and maintain housing demand. Inflation remains steady, with construction costs increasing by only 3.4% over the past year. With tech giants establishing offices in Columbus, demand for both rentals and homeownership is likely to grow over the next few years.

Overall Market Rating: 8/10

I would rate this market an 8/10 as it shows significant potential for appreciation and the current prices of homes aren’t out of this world like other markets YET. The economy also seems to be doing well and expanding showing potential growth in the upcoming years.

How to Profit from Real Estate in High-Interest Rate Markets

High-interest rate environments can be daunting, but they often create unique buying opportunities. One strategy is targeting fixer-uppers: homes that need minor renovations and are likely to sit longer on the market. By purchasing these properties at a discount, investors can add value with modest improvements and list them as desirable, move-in-ready homes. This strategy can provide an ROI of up to 15-20% when done in emerging areas like Columbus’s Olde Towne East.

Another approach is rent-to-own agreements. In these contracts, tenants have the option to buy the property after a set period, creating a consistent rental income stream while potentially transferring ownership down the line. This is beneficial in high-interest markets, as tenants locked out of purchasing can secure future homeownership at today’s prices.

Key Takeaways:

• Columbus Market Update: Median home price is $315,000, with a 4.7% increase YoY.

• Deal of the Day: 11-unit property in Deshler Park for $1,800,000 with a cap rate of 8.2%.

• Tip: Look into tax advantages in Opportunity Zones for long-term investment gains.

• Investment Strategy: Real estate crowdfunding offers entry into Columbus’s stable market with lower capital.

• Interest Rates: 7.0% for a 30-year fixed mortgage, competitive in Ohio’s growing housing market.

• Economic Impact: Low unemployment (3.8%) and steady 3.4% inflation in construction costs are boosting Columbus’s appeal.

That’s All For Today

I hope you enjoyed today’s issue. If you have any questions regarding today’s issue or future issues feel free to ask. Come back tomorrow for information on how to grow your income and wealth. I hope to see you.

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