New to Investing and the BP Fam

New to Investing and the BP Fam

Member since 2022 · 2 posts · 6 votes

Hello!

My name is Tiff and I am new to the BiggerPockets family. I am a new REI looking to purchase my first property within the next 3-6 months. I currently reside in California and am looking OOS. I'm considering either Memphis, TN or Indianapolis, IN though I'm open to all suggestions. I would love to connect with anyone and everyone (especially anyone in those markets) to pick your brain and bounce ideas around. Thanks!

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Rental Property Investor · Columbus, OH · Member since 2017 · 3k+ posts · 3k+ votes
4y
Quote from @Tiffany Chin:

Hello!

My name is Tiff and I am new to the BiggerPockets family. I am a new REI looking to purchase my first property within the next 3-6 months. I currently reside in California and am looking OOS. I'm considering either Memphis, TN or Indianapolis, IN though I'm open to all suggestions. I would love to connect with anyone and everyone (especially anyone in those markets) to pick your brain and bounce ideas around. Thanks!


I recommend the major cities in Ohio:



-Columbus, great for appreciation, pp is a bit higher around $220k for multifamily https://learn.roofstock.com/bl...


-Cincinnati, has a mix of cash flow and appreciation, with average multifamily around $180k. https://www.noradarealestate.c...

-Cleveland, has a lot of cash flow potential, average multiform around $140k.https://learn.roofstock.com/bl...


There are other smaller markets like Dayton, Akron, and Newark, which we are starting to see these areas boom due to huge investors and corporations like Intel choosing to set up shop in these kinds of areas.



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  • Andrew SyriosPro Member
    Moderator
    Residential Real Estate Investor · Kansas City, MO · Member since 2014 · 10k+ posts · 5k+ votes
    4y

    Welcome to BiggerPockets Tiffany and best of luck investing!

  • Lender · CO CA TX WA ID OR · Member since 2020 · 419 posts · 542 votes
    4y

    Hi @Tiffany Chin welcome to the club. There's plenty of info on these forums to get you started as well as local meetups throughout the state. Some are big, some are more intimate - both are great places to network!

  • Member since 2022 · 2 posts · 6 votes
    4y

    @Andrew Syrios : Thank you so much. I'm really excited to start this journey and get a door by the end of the year. 

    @Erik Browning: Thanks! These forums are absolutely fantastic as are the podcasts. I've been eating them up and learning a ton. Next on my list: attend a meeting. Thanks for the tip! 

  • Julio GonzalezPro Member
    Specialist · West Palm Beach, FL · Member since 2008 · 4k+ posts · 1k+ votes
    4y

    Welcome to BiggerPockets, Tiffany!

  • Real Estate Agent · Memphis, TN · Member since 2019 · 76 posts · 39 votes
    4y

    Welcome Tiffany! I’m here in Memphis and assist plenty of California investors. 

  • River SavaPro Member
    Lender · USA · Member since 2022 · 1k+ posts · 1k+ votes
    4y

    Welcome Tiffany!

    I work in the Memphis and Indianapolis areas frequently. Let's connect!

  • Real Estate Coach · Hampstead, NC · Member since 2016 · 93 posts · 39 votes
    4y

    Hi Tiffany and welcome to the investing world.  I live and work in Indy, and it's a great place to invest!

  • Kerry Noble JrPro Member
    Investor · Indianapolis, IN · Member since 2018 · 2k+ posts · 1k+ votes
    4y

    welcome!

  • Rental Property Investor · Columbus, OH · Member since 2017 · 3k+ posts · 3k+ votes
    4y
    Quote from @Tiffany Chin:

    Hello!

    My name is Tiff and I am new to the BiggerPockets family. I am a new REI looking to purchase my first property within the next 3-6 months. I currently reside in California and am looking OOS. I'm considering either Memphis, TN or Indianapolis, IN though I'm open to all suggestions. I would love to connect with anyone and everyone (especially anyone in those markets) to pick your brain and bounce ideas around. Thanks!


    I recommend the major cities in Ohio:



    -Columbus, great for appreciation, pp is a bit higher around $220k for multifamily https://learn.roofstock.com/bl...


    -Cincinnati, has a mix of cash flow and appreciation, with average multifamily around $180k. https://www.noradarealestate.c...

    -Cleveland, has a lot of cash flow potential, average multiform around $140k.https://learn.roofstock.com/bl...


    There are other smaller markets like Dayton, Akron, and Newark, which we are starting to see these areas boom due to huge investors and corporations like Intel choosing to set up shop in these kinds of areas.



  • Mike D'ArrigoPro Member
    Turn key provider · San Jose, CA · Member since 2010 · 4k+ posts · 3k+ votes
    4y

    @Tiffany Chin Congratulations on taking the first step. My recommendation is to start by clearly defining your objecitves and criteria which will then lead you to markets that best fit your goals. If your strategy is long term buy and hold, you want to be in markets that not only cash flow well today, but have strong economic and demographic trends that will maximize both income and equity over the long haul. Personally, I like Indianapolis and Kansas City. They both have good cash flow, are landlord friendly and have growing populations, jobs and income which contribute to appreciation and rising rents. 

  • Andrew SyriosPro Member
    Moderator
    Residential Real Estate Investor · Kansas City, MO · Member since 2014 · 10k+ posts · 5k+ votes
    4y
    Quote from @Tiffany Chin:

    @Andrew Syrios : Thank you so much. I'm really excited to start this journey and get a door by the end of the year. 

    @Erik Browning: Thanks! These forums are absolutely fantastic as are the podcasts. I've been eating them up and learning a ton. Next on my list: attend a meeting. Thanks for the tip! 

    Good luck Tiffany! Just make sure not to be too obsessed with getting that door by the end of the year. It's better to be patient than reach just to get a deal. 
  • Investor · Bay Area, CA · Member since 2020 · 35 posts · 9 votes
    4y

    @Tiffany Chin -  Tiff, congrats on taking the first step. I am from CA also and have been investing in Mobile, AL. Happy with my returns and appreciation (steady, nothing crazy).

  • Memphis, TN · Member since 2022 · 230 posts · 99 votes
    4y

    Hey @Tiffany Chin

    Welcome to BiggerPockets! 

    The Memphis market is a great place to begin your portfolio. The value you can obtain with your money here is incredible! 

    I would be more than happy to answer any questions you have and help however as well! 

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