New Investor Seeking Multifamily Insights

[Andrew Lee]

I'm a new investor from California researching multifamily opportunities (2-4 units) in Columbus, Kansas City and Cincinnati. I've been analyzing properties and learning about the market, but I'd really value some local insights from experienced investors, agents or property managers.

Would love to learn:

• Which of these areas do you prefer for buy-and-hold rentals?
• Any neighborhoods I should add to my list?
• What's realistic for cash flow in today's market?
• Common mistakes to avoid as an out-of-state investor?

Appreciate any wisdom you can share.

[Sam McCormack]

Quote from @Andrew Lee:

I'm a new investor from California researching multifamily opportunities (2-4 units) in Columbus, Kansas City and Cincinnati. I've been analyzing properties and learning about the market, but I'd really value some local insights from experienced investors, agents or property managers.

Would love to learn:

• Which of these areas do you prefer for buy-and-hold rentals?
• Any neighborhoods I should add to my list?
• What's realistic for cash flow in today's market?
• Common mistakes to avoid as an out-of-state investor?

Appreciate any wisdom you can share.

One of the big mistakes I feel the people make, has to do with cash flow vs good areas. Yeah that 10% Coc ROI looks great, but it will quickly turn negative if you can't get a qualified tenant, a tenant gets evicted, or maybe there is a dead guy down the street. I wish I had stats but I can confidently say that a 5% Coc ROI in a lower crime/higher income area has better chances of being more profitable than that 10% Coc ROI in a higher crime/lower income area. Find that balance!