Casting a net here for multifamily properties and local investors

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Casting a net here for multifamily properties and local investors

Ryan Lopez
Investor · San Bernardino, CA · Member since 2022 · 19 posts · 22 votes

I am an investor looking for a deal or two in the area. I am from California and I am looking to get into the local market. I'm considering Cincinnati, Columbus, Lexington, Louisville and Indianapolis. Looking for location advice and local connections.

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Evan HoppleBusiness Member
Real Estate Agent · Columbus Cleveland Dayton, OH · Member since 2023 · 285 posts · 420 votes
2y

@Ryan Lopez

It's a good time to get in on Columbus! That's where I personally invest


[email protected]614-924-8151
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  • Jennifer Rudd Smith
    Member since 2024 · 16 posts · 4 votes
    2y

    Hi Ryan, Would you be interested in either the Akron or Canton areas in Ohio. I have two properties that are hot hot hot!

    1Reply
  • Ryan Lopez
    OP
    Investor · San Bernardino, CA · Member since 2022 · 19 posts · 22 votes
    2y

    I have certain criteria that I use when I am looking at an area and one of my criteria is population growth. From what I can tell, both Akron and Canton are experiencing population decline. I don't think those areas are what I'm looking for. Probably best to stick to the major cities in these areas. 

    1Reply
  • Jennifer Rudd Smith
    Member since 2024 · 16 posts · 4 votes
    2y

    Thanks for your quick reply. Wish you all the best! 

    Jennifer

    0Reply
  • Ryan Lopez
    OP
    Investor · San Bernardino, CA · Member since 2022 · 19 posts · 22 votes
    2y

    Thank you Jennifer!

    0Reply
  • Account Closed
    Realtor · Cleveland, OH · Member since 2023 · 340 posts · 215 votes
    2y

    Hi, I am here to inform you that I am an Ohio Realtor. If you have any questions, please feel free to contact me. Thanks!

    Regina Blake-Ohio Realtor

    1Reply
  • Remington LymanBusiness Member
    Real Estate Agent · Columbus, OH · Member since 2017 · 6k+ posts · 7k+ votes
    2y
    Quote from @Ryan Lopez:

    I am an investor looking for a deal or two in the area. I am from California and I am looking to get into the local market. I'm considering Cincinnati, Columbus, Lexington, Louisville and Indianapolis. Looking for location advice and local connections.


     I am happy you are looking at Ohio!

    [email protected]614-541-8475Podcast Guest on Show My Job Laid Me Off, So I Replaced My Salary with Rentals
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  • Evan HoppleBusiness Member
    Real Estate Agent · Columbus Cleveland Dayton, OH · Member since 2023 · 285 posts · 420 votes
    2y

    @Ryan Lopez

    It's a good time to get in on Columbus! That's where I personally invest


    [email protected]614-924-8151
    Reafco Real Estate
    View Page
    4Reply
  • Brandon GoldsmithBusiness Member
    Real Estate Agent · Columbus, OH · Member since 2020 · 1k+ posts · 1k+ votes
    2y

    All of those are pretty similar markets but might vary slightly on price. There are a good amount of developments going to Columbus and Cincinnati though. @Ryan Lopez

    [email protected]614-963-3340
    3Reply
  • Samuel DioufBusiness Member
    Real Estate Agent · Columbus & Cleveland, OH · Member since 2023 · 1k+ posts · 1k+ votes
    2y

    Columbus and Cincinnati are both seeing great population growth and the cities are expanding at rapid rates. With so many large companies coming in and dumping billions of dollars into the markets, these areas are expected to see continuous appreciation for a while. I would look at the deals in areas where the numbers break even or cash-flow.

    [email protected]614-662-1652
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  • Sam McCormackBusiness Member
    Real Estate Agent · Cincinnati, OH/NKY · Member since 2021 · 1k+ posts · 834 votes
    2y
    Quote from @Ryan Lopez:

    I am an investor looking for a deal or two in the area. I am from California and I am looking to get into the local market. I'm considering Cincinnati, Columbus, Lexington, Louisville and Indianapolis. Looking for location advice and local connections.


     Just shot you a message Ryan, I am a realtor/investor in the Greater Cincinnati area

    [email protected]859-443-4952
    Sam McCormack Realtor
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    1Reply
  • James WilcoxBusiness Member
    Real Estate Agent · Bowling Green KY ~ Lexington, KY · Member since 2015 · 1k+ posts · 603 votes
    2y
    Quote from @Ryan Lopez:

    I am an investor looking for a deal or two in the area. I am from California and I am looking to get into the local market. I'm considering Cincinnati, Columbus, Lexington, Louisville and Indianapolis. Looking for location advice and local connections.

    @Ryan Lopez I can help you with anything Lex?

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  • Joshua JanusBusiness Member
    Realtor · Cleveland, OH · Member since 2021 · 1k+ posts · 1k+ votes
    2y
    Quote from @Jennifer Rudd Smith:

    Hi Ryan, Would you be interested in either the Akron or Canton areas in Ohio. I have two properties that are hot hot hot!


     I would go a bit farther north and focus on Cleveland. it has a large rental population with strong cash flow in the 1-4 unit space. 

    [email protected]614-502-5316Podcast Guest on Show From DoorDasher to $1.5 MILLION in Real Estate (All at 22 Years Old!)
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  • Alfath AhmedBusiness Member
    Real Estate Agent · Columbus, OH · Member since 2022 · 1k+ posts · 1k+ votes
    2y
    Quote from @Ryan Lopez:

    I am an investor looking for a deal or two in the area. I am from California and I am looking to get into the local market. I'm considering Cincinnati, Columbus, Lexington, Louisville and Indianapolis. Looking for location advice and local connections.

    Hey Ryan, I think you should look into the Columbus market. There has been a ton of growth here over the last 3-5 years. The market is booming in both the business and real estate sectors. New companies like Intel, Amazon, and Google are also investing here.

    I own all of my investment properties here and work with a lot of out-of-state investors in both the east and west coast that love investing here for the turnkey and BRRRR opportunities that we have here. I made some resources for my out-of-state investors like a neighborhood graded map and contractor rolodex that I can share with you!

    [email protected]614-802-5698
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  • Jimmy LieuBusiness Member
    Real Estate Agent · Columbus, OH · Member since 2019 · 3k+ posts · 2k+ votes
    2y
    Quote from @Ryan Lopez:

    I am an investor looking for a deal or two in the area. I am from California and I am looking to get into the local market. I'm considering Cincinnati, Columbus, Lexington, Louisville and Indianapolis. Looking for location advice and local connections.

    Hey Ryan, I like Columbus Ohio because I see it being one of the biggest metropolitan cities in the next 10-20 years, all signs are pointing here! Population is growing aggressively and jobs are moving here especially with major employers like Intel, Google, Amazon, Nationwide, etc. On top of that, you have one of the biggest and best universities in the world here with Ohio State University. The cost of living is extremely low compared to other cities and you can still many many positive cash flowing and 1% deals here. On top of that, you get great appreciation and very landlord friendly laws. Tons of investors are buying Columbus up! As an investor and agent here, let me know if you have any questions or want to connect

    [email protected]614-300-7535
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    0Reply
  • Charlie GonzalezPro Member
    Lender · Charlotte, NC · Member since 2023 · 70 posts · 10 votes
    2y

    Hi Ryan, do you have any properties under your belt already?

    1Reply
  • Staci Rogers
    Lender · Bloomington, IN · Member since 2023 · 77 posts · 29 votes
    2y

    Hi Ryan,

    I am happy to connect and share some good contacts in the Indianapolis market with you.

    Staci

    0Reply
  • Bob S.
    Real Estate Consultant · Cleveland · Member since 2020 · 6k+ posts · 3k+ votes
    2y
    Quote from @Ryan Lopez:

    I am an investor looking for a deal or two in the area. I am from California and I am looking to get into the local market. I'm considering Cincinnati, Columbus, Lexington, Louisville and Indianapolis. Looking for location advice and local connections.


     why not Cleveland, much better overall numbers over the last 10 years then where you are mentioning. Thats why we have been working there for many years, 

    All the best 

    Oh you are cash correct ?  

    0Reply
  • William Coet
    Lititz, PA · Member since 2013 · 595 posts · 272 votes
    2y
    Please explain how all of these realtors who are also investors are going to bring you a good property?  They will scoop them up first....
    0Reply
  • Gloria N GearBusiness Member
    Realtor · Indianapolis IN · Member since 2018 · 464 posts · 339 votes
    2y

    Hi Ryan, I would love to help you in the Indianapolis market. I have been an OOS investor realtor for almost 8 years and am investor myself. (To answer another post on this thread, I think being an investor helps me with my clients because I know the areas that work best for the different strategies. My husband only lets me do a few of my own at a time, so I see all of these other deals that I can't do and I try make sure my investors get them. Also, I may be looking for a SFR mid-term rental for my portfolio and my investors are looking for duplexes or big Flips) Also, if you are going to do DSCR loans, partner with Staci Rogers on this thread (she has a loan clear to close for me right now before I even got the inspection process finished)

    2Reply
  • Ryan Arth
    Developer · Cleveland / Akron, OH · Member since 2008 · 922 posts · 399 votes
    2y
    Quote from @William Coet:
    Please explain how all of these realtors who are also investors are going to bring you a good property?  They will scoop them up first....

     Possibly, but capital and bandwith can also be constraints.

    0Reply
  • Jack SmithPro Member
    Rental Property Investor · Massillon, OH · Member since 2017 · 216 posts · 169 votes
    2y
    Quote from @Jennifer Rudd Smith:

    Hi Ryan, Would you be interested in either the Akron or Canton areas in Ohio. I have two properties that are hot hot hot!


     Send them my way.  If I don't take them there are others around here that may.  

    0Reply
  • Harish Maiya
    Lender · Palo Alto, CA · Member since 2018 · 14 posts · 8 votes
    2y

    Adding on - I'm looking into multi-family deals in Cincinnati.

    Appreciate referrals to brokers and property managers for off-the-market listings.

    1Reply
  • Sam McCormackBusiness Member
    Real Estate Agent · Cincinnati, OH/NKY · Member since 2021 · 1k+ posts · 834 votes
    2y
    Quote from @Harish Maiya:

    Adding on - I'm looking into multi-family deals in Cincinnati.

    Appreciate referrals to brokers and property managers for off-the-market listings.


     Messaging now

    [email protected]859-443-4952
    Sam McCormack Realtor
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    0Reply
  • Abdullah Al-mamoon
    Real Estate Investor · alexandria, VA · Member since 2008 · 26 posts · 5 votes
    2y

    Ryan you know any wholesalers or wholesale sites in California in struggling to find some

    0Reply
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