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Updated 3 months ago on . Most recent reply

Looking to start investing in LTR,
Certainly! Here’s a more polished version of your message:
Hello BiggerPockets community,
A close friend has been encouraging me to get into real estate investing for years. My wife and I recently met with them to seek advice and guidance, which ultimately led us to BiggerPockets. Since then, we have been dedicating our time to learning as much as possible—reading extensively, analyzing potential deals, and listening to BiggerPockets podcasts.
After careful consideration, we decided to sell our current home and rent instead, allowing us greater flexibility as we begin our real estate investment journey. The sale of our home will provide us with approximately $150,000 to allocate toward investments.
At this stage, we feel most comfortable focusing on long-term rentals. However, due to high property costs in our local market, we have been exploring opportunities in more affordable states, including Texas, Pennsylvania, Michigan, and Ohio. Since we will be investing remotely, we plan to work with a property management company to oversee day-to-day operations.
Does this sound like a solid strategy for a first investment property? We would appreciate any insights or advice from those with experience in long-distance investing.
Thank you!
Most Popular Reply

- Real Estate Agent
- Columbus Cleveland Dayton, OH
- 1,797
- Votes |
- 1,805
- Posts
OC California is very expensive so investing out of state can be a good option. In Ohio you can find a lot of single family in the $100-200k range or 2-4 units in the $150-400k range that do pretty well cash flow. You basically have high growth and low cash flow Columbus OR decent growth and solid cash flow of Cleveland, Dayton, and Cincinnati.
If you want very stable and low headaches, B class Columbus is great if you can stomach 0 to negative cash flow. If you want higher growth then Cleveland and Dayton type markets with $100-150k prices may be better suited.
I would encourage BRRRRs after your 1-2nd so you can recycle your money.
- Marc Rice
- [email protected]
- 614-363-2787
