Seattle, WA · Member since 2016 · 111 posts · 17 votes
Hi all!
I've ben investing in Cleveland-area and Alabama. There, I'm finding many opportunities for SFR's and small MFR where I can achieve 10%+ COC returns via primarily a buy and hold strategy, small rehabs if needed.
Alabama is nice but the deals don't run like water. Cleveland is nice but holy batman those taxes! I've heard great things about Indianapolis so I'm looking there now!
My question is...have I already missed the boat? I worry that purchasing now would be a minimal cash flow pure appreciation play. Are there still 10%+ deals still out there? In Cleveland area, even the B-/C+ grades, it's not hard to find. I love that! I'd love that same climate elsewhere. If indianapolis is over, where would you recommend? I've sent team members to check out KC and Memphis so those are covered.
in spite of the taxes, we still get amazing ROI's. I think it's funny people complain about the tax rates even though the overall numbers are there. It's like saying, screw having to pay utilities in this 200 unit apartment building, I'm not buying it at a 12 cap. Doesn't make sense.
I don’t disagree and am still actively investing in Ohio. It’s time to expand my operation and if there’s an Ohio market without Ohio taxes I want that area to be my next target.
@Shiv I’m originally from Indianapolis and I have a connection there that is investor/realtor. Shoot me a message on the side and I’ll connect you two!
Hey @Shiv Jey - Great to see you interested in Indianapolis. There is a lot of revitalization going on and the market is strong on many fronts. Please feel free to reach out to me directly with any questions you may have or to discuss some of our market properties.