Convince me - first investment property!

Buying & Selling Real Estate
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Convince me - first investment property!

Marius Fleischer
Member since 2024 · 8 posts · 11 votes

Hey! I am planning to buy my first investment property. I am looking at Licking County, Jeffersonville, Columbus, Cleveland, OH; McAllen, TX; and Fayetteville, NC. Can anyone convince me why I should start investing in these areas and share more details based on their knowledge/experience? This would also help me narrow it down.  

Thanks! 

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Nicholas L.Pro Member
Flipper/Rehabber · Pittsburgh · Member since 2018 · 6k+ posts · 5k+ votes
2y

@Marius Fleischer

don't - invest wherever you live

https://www.biggerpockets.com/forums/12/topics/1171104-the-m...

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  • Simon Ashbaugh
    Realtor · Columbus Ohio, Cleveland Ohio · Member since 2022 · 849 posts · 830 votes
    2y
    Quote from @Marius Fleischer:
    Quote from @Simon Ashbaugh:

    Hey Marius, it really comes down to what you're aiming for. If you're seeking a reliable income stream, consider checking out Cleveland. It has a strong potential for cash flow. On the other hand, if your focus is on appreciation, Columbus is the place to be. The appealing aspect here is the ongoing population growth and other economic factors.


     Hi Simon, thanks, I am looking for both - a reliable income stream/cashflow and a strong appreciation potential. Have you been investing in Cleveland/Columbus? Can you share more?


    Of course! I'd love to connect and discuss it further, just sent you a connect request.

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  • Min ZhangBusiness Member
    Real Estate Agent · Member since 2022 · 1k+ posts · 1k+ votes
    2y
    Quote from @Marius Fleischer:
    Quote from @Min Zhang:

    Hey Marius, welcome to BiggerPockets! You’re in the right place to learn about real estate investing. I started off in Columbus, and grew up in Cleveland. I would say, the Ohio market in general is a very beginner friendly state to get started with your real estate journey. I have seen so much growth in Columbus when it comes to appreciation and job opportunities which I have experienced. On average, 80 people move into Columbus weekly. On the other hand, if you have a lower budget, let’s say $100-$150k. Cleveland would be a great market for you. I have experienced cash flow anywhere from 10-18% with so much more to offer. As a real estate agent and an investor, I am on the market daily and explore opportunities for myself and my clients.

    Let me know if you need assistance!

     Hi Min, thanks for these great insights and the welcoming response! Have you been personally investing in the Columbus market lately? Can you share more about your investment experience (and potentially some more concrete figures) in Columbus? Do you work with remote clients? I would love to connect. What is the best way to reach you?


     Sent you a DM.

    [email protected]614-412-2912
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  • Joseph Pappas
    Lender · Nationwide · Member since 2024 · 12 posts · 5 votes
    2y
    Quote from @Marius Fleischer:

    Hey! I am planning to buy my first investment property. I am looking at Licking County, Jeffersonville, Columbus, Cleveland, OH; McAllen, TX; and Fayetteville, NC. Can anyone convince me why I should start investing in these areas and share more details based on their knowledge/experience? This would also help me narrow it down.  

    Thanks! 


     Do you see that every real estate agent is telling you there place is the place the to be, if you asked a bout flint, MI or somewhere else they would say, yes, of course its up and coming, Just believe in yourself and I advise anyone doing there first few flips to do local. You want to be onsite and learn more. So when you are not there you now all that is going on. The difference between doing your sound work there will be not difference if being wise its a place in NY, CA, or NC. Its about what your ready to do. profit of 5-10k doesn't change no matter the city. Just believe and choose on your own. I say start local to you, find a few promising neighborhoods then branch out. Now you are saying where you want to buy but where do you live? 

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  • Robert EllisBusiness Member
    Developer · Miami, FL · Member since 2014 · 3k+ posts · 1k+ votes
    2y
    Quote from @Marius Fleischer:

    Hey! I am planning to buy my first investment property. I am looking at Licking County, Jeffersonville, Columbus, Cleveland, OH; McAllen, TX; and Fayetteville, NC. Can anyone convince me why I should start investing in these areas and share more details based on their knowledge/experience? This would also help me narrow it down.  

    Thanks! 


     I'd pass on jeffersonville, licking county is good but suburban deals can be tough, I'd pas on Cleveland. Not sure on TX or NC. Columbus urban core ground up construction is on fire and the numbers work much better than existing inventory happy to discuss with you 

    [email protected]786-494-6766
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