We are talking about what to buy in the Columbus, Georgia area, and where to buy it. If you are an investor who wants to add rental homes to your portfolio or you’ve been thinking about investing in Columbus but you’re not sure where to look, we have some advice for you.
Investing in Columbus: What to Buy
There are some key things to look for in a rental property. If you’re looking for investment property, you want to see that the price is low enough that you can rent it out to good tenants and also receive some cash flow. That means what you earn in rent will more than cover your expenses on the property, and provide a little additional income. You also want a property that is going to appreciate over time and grow in value. What you want to buy is a home that you can purchase for discount and sell for a higher price at some point in the future.
Investing in Columbus: Where to Buy
What I am buying right now is mostly found in the 31907 area. In these communities, we are seeing high rents and good tenants. Those rents are especially high in relation to the prices we’re paying to purchase these properties. So, with the high rents you’re able to receive and the low prices you have to pay, you’re going to increase your appreciation and find that your returns are remarkable. It’s a great market, and we recommend that you look there. We can also find returns like this in areas such as 31906 and 31901. So, if you look in these areas, you’re looking for a low enough price to achieve a great return on your investment.
If you’re looking for investment properties in the Columbus, Georgia area, please contact us at Bradstreet Proper. We’d be happy to help you identify the right opportunities.