In my last two posts I have talked about getting into the investment game now instead of waiting. If you are a buyer here in the Columbus Marketplace you should be looking and offering. Nuff said on that.
In the event you are a seller of investment property here in Columbus, did you know that many out of state investors are coming to Columbus and are paying more than the local investors will?
Why is this? Because property in some other states is extremely expensive. Some property has limited short term profit growth potential on re-sale and limited cash flow.
Properties here in Columbus are lower cost and have extremely good cash flow potential if purchased correctly.
Likewise, many local agents are now increasing their marketing efforts outside the local area and seeking buyers statewide and even nationally. Our staff, for example, markets to buyers and agents in Texas, California and Florida in addition to Ohio. These are direct efforts instead of passive website ones. More on that later, maybe :)
Point here, I suppose, is that if you are a buyer or seller of real estate maybe it is time to think a little out of the box with your selling methods or buying areas. Look outside your area. If you want, come to Columbus and we can show what I mean.
Richard F. Kruse is the President of Columbus, Ohio based Gryphon USA, Ltd. (www.gryphonusa.com). The Gryphon Organization includes Gryphon Asset Management providing receivership and consulting services in the distressed marketplace, United Country Ohio Realty & Auction Group (www.ucohiorealty.com & www.ucohioauctions.com) providing real estate brokerage and auction services throughout Ohio and OnlineAuctionUSA.com (www.onlineauctionusa.com) providing commercial asset liquidations from the Midwest to East Coast.
United Country Ohio Realty & Auction Career Opportunities Available. Call 614-885-0020 x 17