Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
General Real Estate Investing
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 1 year ago on . Most recent reply

User Stats

6
Posts
9
Votes
Ferrode Joseph
9
Votes |
6
Posts

First time out of state investment ideas for good cash flow/appreciation

Ferrode Joseph
Posted

Hi Everyone, 

I have been researching for real estate investment out of state for couple of months. Did some research on RTP Raleigh/Durham and Las Vegas(Summerlin/Henderson) but cash flow isn't great. I read forums here and saw Cleveland/Columbus Ohio is good but they are older posts. I like to get more options, current trends and pros/cons to start with investment . I'm just beginning, any help is much appreciated. Thanks

Most Popular Reply

User Stats

1,624
Posts
1,715
Votes
Michael Dumler
  • Real Estate Agent
  • Atlanta, GA
1,715
Votes |
1,624
Posts
Michael Dumler
  • Real Estate Agent
  • Atlanta, GA
Replied

@Ferrode Joseph, are the Cleveland/Columbus, Ohio posts old? Those guys post every day, hyping that market up, haha. As I tell all individuals wanting to invest out of state, regardless of the market, your success rate will largely depend on the resourcefulness and reliability of your team (agent, lender, property manager, contractor). Hypothetically, you could acquire a killer deal that cash flows $200+ monthly. However, if your PM doesn't know what the hell they are doing and sucks at their job, you now have a liability on your hand. Vet all vendors before proceeding. If you haven't already, read "Long-Distance Real Estate Investing" by David Greene. Best of luck! 

Loading replies...