Exploring investment property as an OOS investor

Exploring investment property as an OOS investor

Member since 2022 路 6 posts 路 6 votes

Good morning!

I am exploring both short and long term investment as an out of states investor and trying to understand between Cleveland and Columbus OH.

I have been learning these two markets are appreciating and have a good cashflow.


As I am new to these two markets, I would like to learn which markets are providing a reasonable cashflow while up potential of appreciation for next few years.

between these two markets, which ones are suggested?


also, I am exploring different funding options including HELOC, HEL, etc.

Given current rates are quite high and sticky, how do you recommend to utilize these funding options? Ideally, I would like to minimize the time window to pay off the loan which will be used in funding.

any kind of insights you could share will be greatly appreciated.


thank you!

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Marc RiceBusiness Member
Real Estate Agent 路 Columbus Cleveland Dayton, OH 路 Member since 2018 路 2k+ posts 路 1k+ votes
2y
Quote from @Jin Mook Choi:

Good morning!

I am exploring both short and long term investment as an out of states investor and trying to understand between Cleveland and Columbus OH.

I have been learning these two markets are appreciating and have a good cashflow.


As I am new to these two markets, I would like to learn which markets are providing a reasonable cashflow while up potential of appreciation for next few years.

between these two markets, which ones are suggested?


also, I am exploring different funding options including HELOC, HEL, etc.

Given current rates are quite high and sticky, how do you recommend to utilize these funding options? Ideally, I would like to minimize the time window to pay off the loan which will be used in funding.

any kind of insights you could share will be greatly appreciated.


thank you!


 I like Columbus over Cleveland, it's more forgiving and stable. The appreciation is greater. The rent demand is stronger. If you can stomach short term lower cash flow and HODL, you'll be very happy. Dayton is a great option similar to Cleveland as well. The Point of Sales and govt. in CLE can be tough to navigate. The minimal appreciation is not forgiving and if you make the wrong buy then you will without a doubt lose money. 

Marc Rice | Investor Friendly Agent at Reafco Tailwind Team574 Reviews
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