New Investor !!! Looking for HOT market !

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New Investor !!! Looking for HOT market !

Anissa Allen
Member since 2022 · 11 posts · 18 votes

Hello , 

My name is Anissa and I currently live in California . I started my real estate journey at the towards the end of 2022. My goal for 2023 is to purchase my first investment property. I have put in a few offers in Toledo and Cleveland Ohio but unfortunately none of the offers went through. I am looking for a new market at this time and would like to know any areas I should do look into ? Any recommendations?  

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Remington LymanBusiness Member
Real Estate Agent · Columbus, OH · Member since 2017 · 6k+ posts · 7k+ votes
3y
Quote from @Anissa Allen:

Hello , 

My name is Anissa and I currently live in California . I started my real estate journey at the towards the end of 2022. My goal for 2023 is to purchase my first investment property. I have put in a few offers in Toledo and Cleveland Ohio but unfortunately none of the offers went through. I am looking for a new market at this time and would like to know any areas I should do look into ? Any recommendations?  


 I would definitely keep putting in offers. I know people that have submitted 40+ offers before getting something

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  • Austin McClainBusiness Member
    Real Estate Agent · OH · Member since 2021 · 350 posts · 603 votes
    3y

    Keep writing offers. Dayton and Columbus are two other markets to consider. 

    [email protected]614-710-4827
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  • Michael Wachel
    Member since 2023 · 10 posts · 8 votes
    3y
    Quote from @Jamiel Strickland:

    @Anissa Allen I would recommend Detroit. Since you are open to areas like Toledo and Cleveland, I would then take a look at Detroit or Metro Detroit. As you research know this is not an easy market to invest in but if you have a great team, trusted party to talk things out, and willing to learn. You can do well here. 

    @Jamiel Strickland, Why is Detroit not easy to invest in? I'm new to all this and just curious.

    1Reply
  • Yiwei Cheng
    Investor · Cincinnati, OH · Member since 2023 · 139 posts · 81 votes
    3y
    Quote from @Caleb Brown:

    Happy to chat on Kansas City. It is a great cashflow and appreciation market. Very HOT :)


     Is this in Kansas or OK side?

    0Reply
  • Yiwei Cheng
    Investor · Cincinnati, OH · Member since 2023 · 139 posts · 81 votes
    3y

    I think the Midwest overall is still pretty affordable compared to other parts of the country.  I'm in Cincinnati, so I only invest here for short term rentals.  With the right property, you can make great cash flow.  What are your goals with your investment property?

    0Reply
  • Paul Stamm
    Real Estate Consultant · IN · Member since 2021 · 139 posts · 85 votes
    3y

    @Anissa Allen Indianapolis is a great market for both cash flow and appreciation. With a lower price point, it really is a great option. I'd be happy to connect with you with my team if you're interested. Good luck with everything!

    0Reply
  • Jamiel Strickland
    Rental Property Investor · Detroit, MI · Member since 2018 · 382 posts · 244 votes
    3y
    Quote from @Michael Wachel:
    Quote from @Jamiel Strickland:

    @Anissa Allen I would recommend Detroit. Since you are open to areas like Toledo and Cleveland, I would then take a look at Detroit or Metro Detroit. As you research know this is not an easy market to invest in but if you have a great team, trusted party to talk things out, and willing to learn. You can do well here. 

    @Jamiel Strickland, Why is Detroit not easy to invest in? I'm new to all this and just curious.


     Here are some reasons why Detroit is difficult to invest in.

    1. Scammers - Many realtor and contractors that take advantage

    2. Bad workmanship contractors

    3. Property management companies rather work in the suburbs that Detroit so lack of PMs.

    4. The good $25k house is gone now, the prices have increased so no more buying good houses under $30k anymore. 

    5. Some areas are just really bad. Its just that simple. 

    Now,

    After reading all this scary things why do I invest in Detroit, continue to, and recommend others to do the same? 

    I am open to talking more feel free to message me and I will provide anything you like to know. 

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