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Updated over 3 years ago on . Most recent reply

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Hedman Maximus
  • Rental Property Investor
  • New York City, NY
8
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My sister and I bought a Single Family home !!!

Hedman Maximus
  • Rental Property Investor
  • New York City, NY
Posted

  My sister and I bought a single family House in New Jersey. We all live in it, and we are excited. We used to rent in New York City , and rent kept on increasing. Like New York , New Jersey is an expensive market. We have a little over 17k and we would like to use it as a down payment to invest in smaller markets , like Ohio, Little Rock , or Indiana. We want to try the “snowball effect” and to grow portfolio.
Any advice or suggestion would be appreciated.

Thanks

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Patrick Drury
  • Real Estate Agent
  • Columbus, OH & Cleveland OH
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Patrick Drury
  • Real Estate Agent
  • Columbus, OH & Cleveland OH
Replied

@Hedman Maximus
Nice, great to hear! I saw you mentioned Ohio on that list of places you were looking to invest! I live and invest here in Columbus, Ohio, and would highly recommend it. It has lots of population growth and job opportunities, which is what every out-of-state investor would like to see to make them feel comfortable investing in a market. On top of that, it's a nice hybrid of cash flow and appreciation. Above everything I have already stated, it's also home to The Ohio state university, headquarters for L-brands (Bath and Body Works, victoria secret, and Pink), White castle, Wendys, and the new Chipotle headquarters is being finished up downtown.  

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