New investor in Greater Cincinnati OH area seeking opportunities
Hi,
I am a new part-time investor in the Greater Cincinnati OH area. My goal is to achieve 100000 annual cash flow within 7 years.
I have a few questions for the more experienced investors here.
I am working with an agent to shop for my first rental property. However I find it difficult to get a property to meet the 2% rule. I wonder if 2% is possible in Cincinnati area.
Also I am debating on the type of rental properties I should acquire to begin with, single family or multi family.
To achieve my goal I am not sure if I should go for the pricier properties in wealthy neighborhoods or the cheaper ones in the less wealthy areas.
BTW, I have some cash and my current salary should allow me to get a traditional loan of at least 300k.
Thank you!
Jay