Ready to start my portfolio

Starting Out
3yFollow

Ready to start my portfolio

Waneeshe De Hughes
Rental Property Investor · Moreno Valley, CA · Member since 2022 · 11 posts · 18 votes

Greetings All

I’m ready to start my portfolio with rental properties. I currently reside in California, so I’m I interested in oos investing. 

I’ve been looking in Austin TX, Cleveland OH and Detroit MI. What other cities do you recommend for cash flow. I’m only interested in multi family properties.

Ready to build my team, but unsure where to start.

Plans are  to purchase 2 duplex or 1 quadplex in the next 30 days.

Any advice or words of encouragement are greatly appreciated.

Thanks!

9Reply
16 views

Most Popular Reply

Edward Adams
Investor · Houston, TX · Member since 2020 · 111 posts · 64 votes
3y

Congratulations on starting your real estate investing journey! As for other cities to consider for cash flow, some popular ones include:

- Indianapolis, IN

- Kansas City, MO/KS

- Birmingham, AL

- Memphis, TN

- Atlanta, GA

- Jacksonville, FL

- Columbus, OH

It's important to thoroughly research any city you're interested in to make sure it has strong economic fundamentals and a stable rental market. Networking and building a team is also key to success in real estate investing. You may want to connect with local real estate agents, property managers, and other investors in the cities you're considering. Best of luck to you!

4Reply
See this reply in the discussion

33 Replies

Jump to latestLatest
  • Edward Adams
    Investor · Houston, TX · Member since 2020 · 111 posts · 64 votes
    3y

    Congratulations on starting your real estate investing journey! As for other cities to consider for cash flow, some popular ones include:

    - Indianapolis, IN

    - Kansas City, MO/KS

    - Birmingham, AL

    - Memphis, TN

    - Atlanta, GA

    - Jacksonville, FL

    - Columbus, OH

    It's important to thoroughly research any city you're interested in to make sure it has strong economic fundamentals and a stable rental market. Networking and building a team is also key to success in real estate investing. You may want to connect with local real estate agents, property managers, and other investors in the cities you're considering. Best of luck to you!

    4Reply
  • Ryan RomingerBusiness Member
    Real Estate Broker · Indianapolis, IN · Member since 2018 · 340 posts · 144 votes
    3y

    Congrats on getting started. Indianapolis has had steady appreciation and cash flow over the years. It's home to several fortune 500 companies. If you would like more details on the market feel free to reach out.

    [email protected]317-935-0075
    Intrigue Real Estate & Property Management4.6285 Reviews
    WebsiteView Page
    1Reply
  • Anthony L Amos Jr
    Real Estate Agent · Columbus | Toledo · Member since 2019 · 607 posts · 768 votes
    3y
    Quote from @Waneeshe De Hughes:

    Greetings All

    I’m ready to start my portfolio with rental properties. I currently reside in California, so I’m I interested in oos investing. 

    I’ve been looking in Austin TX, Cleveland OH and Detroit MI. What other cities do you recommend for cash flow. I’m only interested in multi family properties.

    Ready to build my team, but unsure where to start.

    Plans are  to purchase 2 duplex or 1 quadplex in the next 30 days.

    Any advice or words of encouragement are greatly appreciated.

    Thanks!


     Cleveland (as mentioned), Toledo, and Dayton Ohio are good cashflow markets

    1Reply
  • Alex Olson
    Real Estate Broker · Kansas City Metro · Member since 2015 · 2k+ posts · 1k+ votes
    3y

    Invest in the Midwest. There are certain areas that have great cash flow and good appreciation. Of course I am partial to Kansas City. I have several case studies if interested. Just DM. 

    0Reply
  • Jimmy LieuBusiness Member
    Real Estate Agent · Columbus, OH · Member since 2019 · 3k+ posts · 2k+ votes
    3y
    Quote from @Waneeshe De Hughes:

    Greetings All

    I’m ready to start my portfolio with rental properties. I currently reside in California, so I’m I interested in oos investing. 

    I’ve been looking in Austin TX, Cleveland OH and Detroit MI. What other cities do you recommend for cash flow. I’m only interested in multi family properties.

    Ready to build my team, but unsure where to start.

    Plans are  to purchase 2 duplex or 1 quadplex in the next 30 days.

    Any advice or words of encouragement are greatly appreciated.

    Thanks!

    Hey Waneeshe, I would say to prepare your finances and make a list of priorities for the ideal real estate market. What do you care more about? Cash flow? Appreciation? Mix of both? Do you want a city that is growing in population and employers are moving to? 

    Personally, I really like Columbus Ohio and work with a lot of out of state investors - there's so many catalysts for why you should invest here. Specifically, there's job growth (Intel, Honda, Amazon, Nationwide, etc) and the population is growing (unlike Cleveland or Cincy). I really see Columbus Ohio as an extremely safe bet for the next 10-20 years. Plus, there's still so many positive cash flowing and 1% deals here in Columbus Ohio. Just a few weeks ago, I helped a client close on a deal getting them 20% cash on cash return. My biggest advice for out of state investors is finding the right team members who has your best interest at heart (and not chasing a commission check or see you as a paycheck!). If that means interviewing multiple people, you should definitely do so! As a local investor and agent here in Columbus, let me know if you have any questions or want to connect!

    [email protected]614-300-7535
    Jimmy Lieu, Red 1 Realty4.9120 Reviews
    WebsiteView Page
    3Reply
  • Matthew Irish-JonesBusiness Member
    Real Estate Agent · Buffalo, NY · Member since 2017 · 2k+ posts · 2k+ votes
    3y

    @Waneeshe De Hughes

    The city is less Important than the team. Great teams perform in every city, crap teams can screw up anything.

    A highly competent investor focused realtor will have a team built for you and with a few phone calls will have you set up with everything you need.

    Irish Jones Realty4.947 Reviews
    View Page
    0Reply
  • Harrison Chow
    Real Estate Agent · Columbus, OH · Member since 2019 · 292 posts · 364 votes
    3y
    Quote from @Waneeshe De Hughes:

    Greetings All

    I’m ready to start my portfolio with rental properties. I currently reside in California, so I’m I interested in oos investing. 

    I’ve been looking in Austin TX, Cleveland OH and Detroit MI. What other cities do you recommend for cash flow. I’m only interested in multi family properties.

    Ready to build my team, but unsure where to start.

    Plans are  to purchase 2 duplex or 1 quadplex in the next 30 days.

    Any advice or words of encouragement are greatly appreciated.

    Thanks!


    Hi Waneeshe! Cleveland is truly known for its lucrative cash flow prospects but if you're also considering property appreciation, Columbus is the way to go. In addition to still offering 1% deals, Columbus is also an expanding city that is attracting several major companies with the likes of Intel, Honda, Nationwide Children's Hospital, and Wexner Medical Center - resulting in the creation of thousands of job opportunities and significant population growth in the coming months and years. I personally concentrate my investment efforts in the Columbus area and my team and I have a network of property managers, general contractors, and lenders etc. that I strongly recommend. If you're keen on identifying a profitable neighborhood to invest in, let's connect and discuss how I can aid you!

    1Reply
  • Sam McCormackBusiness Member
    Real Estate Agent · Cincinnati, OH/NKY · Member since 2021 · 1k+ posts · 833 votes
    3y

    @Waneeshe De Hughes

    I recommend looking into Cincinnati. Recently the supply of SMF here has shot up a lot! A lot more cash flow available, there are deals here to be done, just looking for an investor for it!

    [email protected]859-443-4952
    Sam McCormack Realtor
    View Page
    1Reply
  • Marc RiceBusiness Member
    Real Estate Agent · Columbus Cleveland Dayton, OH · Member since 2018 · 2k+ posts · 1k+ votes
    3y
    Quote from @Waneeshe De Hughes:

    Greetings All

    I’m ready to start my portfolio with rental properties. I currently reside in California, so I’m I interested in oos investing. 

    I’ve been looking in Austin TX, Cleveland OH and Detroit MI. What other cities do you recommend for cash flow. I’m only interested in multi family properties.

    Ready to build my team, but unsure where to start.

    Plans are  to purchase 2 duplex or 1 quadplex in the next 30 days.

    Any advice or words of encouragement are greatly appreciated.

    Thanks!


     You can find good cash flow in a lot of tertiary markets around Columbus, OH while still gaining exposure to that high growth market. Cleveland and Detroit are going to be very cash flow enticing, but be careful of bad property managers, high turnover, evictions, high renovation costs, and a declining population. 

    [email protected]614-363-2787
    Marc Rice | Investor Friendly Agent at Reafco Tailwind Team574 Reviews
    WebsiteView Page
    1Reply
  • Jordan MoorheadBusiness Member
    Real Estate Agent · Austin, TX · Member since 2015 · 5k+ posts · 3k+ votes
    3y

    Honestly anywhere is tough right now with high prices and high rates, I like San Antonio and Louisville still

    [email protected]512-888-9122
    The Moorhead Team5139 Reviews
    WebsiteView Page
    1Reply
  • Waneeshe De Hughes
    OP
    Rental Property Investor · Moreno Valley, CA · Member since 2022 · 11 posts · 18 votes
    3y
    Thank you
    Quote from @Edward Adams:

    Congratulations on starting your real estate investing journey! As for other cities to consider for cash flow, some popular ones include:

    - Indianapolis, IN

    - Kansas City, MO/KS

    - Birmingham, AL

    - Memphis, TN

    - Atlanta, GA

    - Jacksonville, FL

    - Columbus, OH

    It's important to thoroughly research any city you're interested in to make sure it has strong economic fundamentals and a stable rental market. Networking and building a team is also key to success in real estate investing. You may want to connect with local real estate agents, property managers, and other investors in the cities you're considering. Best of luck to you!


    0Reply
  • Waneeshe De Hughes
    OP
    Rental Property Investor · Moreno Valley, CA · Member since 2022 · 11 posts · 18 votes
    3y
    Quote from @Ryan Rominger:

    Congrats on getting started. Indianapolis has had steady appreciation and cash flow over the years. It's home to several fortune 500 companies. If you would like more details on the market feel free to reach out.


     Ok, will do

    0Reply
  • Waneeshe De Hughes
    OP
    Rental Property Investor · Moreno Valley, CA · Member since 2022 · 11 posts · 18 votes
    3y
    Quote from @Jordan Moorhead:

    Honestly anywhere is tough right now with high prices and high rates, I like San Antonio and Louisville still


    Thank you 

    1Reply
  • Waneeshe De Hughes
    OP
    Rental Property Investor · Moreno Valley, CA · Member since 2022 · 11 posts · 18 votes
    3y
    Quote from @Marc Rice:
    Quote from @Waneeshe De Hughes:

    Greetings All

    I’m ready to start my portfolio with rental properties. I currently reside in California, so I’m I interested in oos investing. 

    I’ve been looking in Austin TX, Cleveland OH and Detroit MI. What other cities do you recommend for cash flow. I’m only interested in multi family properties.

    Ready to build my team, but unsure where to start.

    Plans are  to purchase 2 duplex or 1 quadplex in the next 30 days.

    Any advice or words of encouragement are greatly appreciated.

    Thanks!


     You can find good cash flow in a lot of tertiary markets around Columbus, OH while still gaining exposure to that high growth market. Cleveland and Detroit are going to be very cash flow enticing, but be careful of bad property managers, high turnover, evictions, high renovation costs, and a declining population. 

    Thanks for the info.
    0Reply
  • Waneeshe De Hughes
    OP
    Rental Property Investor · Moreno Valley, CA · Member since 2022 · 11 posts · 18 votes
    3y
    Quote from @Sam McCormack:

    @Waneeshe De Hughes

    I recommend looking into Cincinnati. Recently the supply of SMF here has shot up a lot! A lot more cash flow available, there are deals here to be done, just looking for an investor for it!

    I’ll take a look, thank you 
    0Reply
  • Waneeshe De Hughes
    OP
    Rental Property Investor · Moreno Valley, CA · Member since 2022 · 11 posts · 18 votes
    3y
    Quote from @Harrison Chow:
    Quote from @Waneeshe De Hughes:

    Greetings All

    I’m ready to start my portfolio with rental properties. I currently reside in California, so I’m I interested in oos investing. 

    I’ve been looking in Austin TX, Cleveland OH and Detroit MI. What other cities do you recommend for cash flow. I’m only interested in multi family properties.

    Ready to build my team, but unsure where to start.

    Plans are  to purchase 2 duplex or 1 quadplex in the next 30 days.

    Any advice or words of encouragement are greatly appreciated.

    Thanks!


    Hi Waneeshe! Cleveland is truly known for its lucrative cash flow prospects but if you're also considering property appreciation, Columbus is the way to go. In addition to still offering 1% deals, Columbus is also an expanding city that is attracting several major companies with the likes of Intel, Honda, Nationwide Children's Hospital, and Wexner Medical Center - resulting in the creation of thousands of job opportunities and significant population growth in the coming months and years. I personally concentrate my investment efforts in the Columbus area and my team and I have a network of property managers, general contractors, and lenders etc. that I strongly recommend. If you're keen on identifying a profitable neighborhood to invest in, let's connect and discuss how I can aid you!

    Ok, I will message you.
    0Reply
  • Waneeshe De Hughes
    OP
    Rental Property Investor · Moreno Valley, CA · Member since 2022 · 11 posts · 18 votes
    3y
    Quote from @Matthew Irish-Jones:

    @Waneeshe De Hughes

    The city is less Important than the team. Great teams perform in every city, crap teams can screw up anything.

    A highly competent investor focused realtor will have a team built for you and with a few phone calls will have you set up with everything you need.


     Great info, thank you

    0Reply
  • Waneeshe De Hughes
    OP
    Rental Property Investor · Moreno Valley, CA · Member since 2022 · 11 posts · 18 votes
    3y
    Quote from @Jimmy Lieu:
    Quote from @Waneeshe De Hughes:

    Greetings All

    I’m ready to start my portfolio with rental properties. I currently reside in California, so I’m I interested in oos investing. 

    I’ve been looking in Austin TX, Cleveland OH and Detroit MI. What other cities do you recommend for cash flow. I’m only interested in multi family properties.

    Ready to build my team, but unsure where to start.

    Plans are  to purchase 2 duplex or 1 quadplex in the next 30 days.

    Any advice or words of encouragement are greatly appreciated.

    Thanks!

    Hey Waneeshe, I would say to prepare your finances and make a list of priorities for the ideal real estate market. What do you care more about? Cash flow? Appreciation? Mix of both? Do you want a city that is growing in population and employers are moving to? 

    Personally, I really like Columbus Ohio and work with a lot of out of state investors - there's so many catalysts for why you should invest here. Specifically, there's job growth (Intel, Honda, Amazon, Nationwide, etc) and the population is growing (unlike Cleveland or Cincy). I really see Columbus Ohio as an extremely safe bet for the next 10-20 years. Plus, there's still so many positive cash flowing and 1% deals here in Columbus Ohio. Just a few weeks ago, I helped a client close on a deal getting them 20% cash on cash return. My biggest advice for out of state investors is finding the right team members who has your best interest at heart (and not chasing a commission check or see you as a paycheck!). If that means interviewing multiple people, you should definitely do so! As a local investor and agent here in Columbus, let me know if you have any questions or want to connect!


     Thank you , I will message you

    1Reply
  • Sam McCormackBusiness Member
    Real Estate Agent · Cincinnati, OH/NKY · Member since 2021 · 1k+ posts · 833 votes
    3y
    Quote from @Waneeshe De Hughes:
    Quote from @Sam McCormack:

    @Waneeshe De Hughes

    I recommend looking into Cincinnati. Recently the supply of SMF here has shot up a lot! A lot more cash flow available, there are deals here to be done, just looking for an investor for it!

    I’ll take a look, thank you 

     Just sent you a message!

    [email protected]859-443-4952
    Sam McCormack Realtor
    View Page
    0Reply
  • Travis Biziorek
    Investor · Arroyo Grande, CA · Member since 2014 · 1k+ posts · 1k+ votes
    3y

    Hey Waneeshe, happy to talk Detroit and give my perspective there as a fellow Californian. I have 12-doors in Detroit and am staying active in that area. 

    I also help others get started there as well. Feel free to shoot me a message if you want to chat.

    0Reply
  • Patrick DruryBusiness Member
    Real Estate Agent · Columbus, OH & Cleveland OH · Member since 2021 · 1k+ posts · 2k+ votes
    3y

    @Waneeshe De Hughes
    Cleveland is a great market to look into for out-of-state investing for cash flow. The neighborhoods change quickly, so be cognisant of the area and if it has a POS. 

    [email protected]614-412-4565
    Reafco-555 Reviews
    View Page
    1Reply
  • Chris MullinaxBusiness Member
    Property Manager · Kokomo, IN · Member since 2020 · 172 posts · 44 votes
    3y

    Hi Waneeshe! I'd be happy to have a conversation with you about investing here in Indianapolis. Feel free to shoot me a message.

    CRM Properties4.9516 Reviews
    WebsiteView Page
    0Reply
  • Scott AllenBusiness Member
    Real Estate Agent · Columbus, OH · Member since 2020 · 449 posts · 471 votes
    3y

    @Waneeshe De Hughes

    You can definitely find really good cashflow in Cleveland, OH. If you're looking for a hybrid market with good cashflow and appreciation, I would recommend Columbus, OH. Columbus will be a little more expensive but strong growth.

    [email protected]614-698-1227
    Reafco - Columbus, OH
    WebsiteView Page
    1Reply
  • Josh Bowser
    Real Estate Agent · Atlanta, GA · Member since 2020 · 414 posts · 233 votes
    3y

    Hey Waneeshe,

    If you're looking to invest out of state, Atlanta (and Georgia in general) has a lot to offer. Demographic trends are very strong, and there are some tertiary markets that are benefitting from that while still offering solid cash flow. We have a great team down here in Atlanta that works a lot with out of state investors. Feel free to reach out if the ATL peaks your interest!

    0Reply
  • Jake KnightPro Member
    Property Manager · Indianapolis · Member since 2017 · 303 posts · 146 votes
    3y

    Happy to discuss Indy and our experiences should you have interest!

    0Reply
Join the conversationCreate a free account to reply, vote on answers and follow this thread.
Log InJoin for Free