Out of state investor

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Out of state investor

Tony Valle
Member since 2023 · 70 posts · 42 votes

Hello fellow Investors,

I am looking to make some connections that will help me identify some good markets to invest in for multi family homes. It seems to me that there is more opportunity in the Midwest and the South. I welcome your insights.

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Joseph Crunkilton
Rental Property Investor · Oregon City, OR · Member since 2020 · 324 posts · 780 votes
3y

 @Tony Valle

When I got started out of state investing I went the turnkey route. @Zach Lemaster and his team helped me pick up my first few properties and I had a good experience. Their team is knowledgable and could help you as well. 

It taught me a lot about the process as a whole and expanded my network. 

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  • Khemraj Sarju Jr.
    Lender · Member since 2022 · 115 posts · 29 votes
    3y

    There are great deals in many markets. But you would need to decide what approach you will be taking for financing. Will this be a cash acquisitions, financing? We have many of clients that are leveraging their money across multiple properties with DSCR loans. After determining what your capital investment would be, that would narrow down your search criteria and areas of interest.

    1Reply
  • Sam McCormackBusiness Member
    Real Estate Agent · Cincinnati, OH/NKY · Member since 2021 · 1k+ posts · 834 votes
    3y
    Quote from @Tony Valle:

    Hello fellow Investors,

    I am looking to make some connections that will help me identify some good markets to invest in for multi family homes. It seems to me that there is more opportunity in the Midwest and the South. I welcome your insights.


     Hi Anthony, I am biased but I would highly recommend the Greater Cincinnati market! Finding cash flow is very possible, landlord friendly, etc. DM me if you are interested! I know you could do well here!

    [email protected]859-443-4952
    Sam McCormack Realtor
    View Page
    3Reply
  • Tony Valle
    OP
    Member since 2023 · 70 posts · 42 votes
    3y

    Thanks, Sam! I greatly appreciate the high praise and personal endorsement for Cincinnati! I have been spending time researching different cities in Ohio starting with Toledo, simply because some friends from CA bought an apartment building there. I got really captivated by the Columbus area due to all the job growth, dynamic city, etc. I will keep my options open for Cincinnati as well as Cleveland, to see where the next opportunity may lead me. 

    3Reply
  • Tony Valle
    OP
    Member since 2023 · 70 posts · 42 votes
    3y
    Quote from @Khemraj Sarju Jr.:

    There are great deals in many markets. But you would need to decide what approach you will be taking for financing. Will this be a cash acquisitions, financing? We have many of clients that are leveraging their money across multiple properties with DSCR loans. After determining what your capital investment would be, that would narrow down your search criteria and areas of interest.


    Thank You! I have some equity in a property held within a real estate IRA that I want to put to work for me. Once I acquire that property, I will consider other means of using cash and creative financing options for the next acquisition.

    0Reply
  • Sam McCormackBusiness Member
    Real Estate Agent · Cincinnati, OH/NKY · Member since 2021 · 1k+ posts · 834 votes
    3y
    Quote from @Tony Valle:

    Thanks, Sam! I greatly appreciate the high praise and personal endorsement for Cincinnati! I have been spending time researching different cities in Ohio starting with Toledo, simply because some friends from CA bought an apartment building there. I got really captivated by the Columbus area due to all the job growth, dynamic city, etc. I will keep my options open for Cincinnati as well as Cleveland, to see where the next opportunity may lead me. 


     Sounds good to me Anthony, can I still get you on a call to get you an automatic search? I can get you on an automatic search in just a few minutes so you can see what is here, even if you don't end up buying. Thank you!

    [email protected]859-443-4952
    Sam McCormack Realtor
    View Page
    0Reply
  • Remington LymanBusiness Member
    Real Estate Agent · Columbus, OH · Member since 2017 · 6k+ posts · 7k+ votes
    3y
    Quote from @Tony Valle:

    Hello fellow Investors,

    I am looking to make some connections that will help me identify some good markets to invest in for multi family homes. It seems to me that there is more opportunity in the Midwest and the South. I welcome your insights.


    I am an investor here in Columbus, Ohio. I would be happy to connect with you!
    [email protected]614-541-8475Podcast Guest on Show My Job Laid Me Off, So I Replaced My Salary with Rentals
    Reafco512 Reviews
    WebsiteView Page
    2Reply
  • Ruchit Patel
    Bay area, CA · Member since 2021 · 383 posts · 306 votes
    3y

    I am from California and I am out of state investor. Instead of reinventing the wheel, one can always go with turnkey providers. Not saying don't learn online, just saying, learn and then ask the right questions to turnkey providers who have evaluated deals/areas/PM etc already. Much quicker path to success. 

    1Reply
  • Patrick DruryBusiness Member
    Real Estate Agent · Columbus, OH & Cleveland OH · Member since 2021 · 1k+ posts · 2k+ votes
    3y

    @Tony Valle
    I would recommend looking at Cleveland OH. You can get strong cash flow.

    [email protected]614-412-4565
    Reafco-556 Reviews
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  • Tony Valle
    OP
    Member since 2023 · 70 posts · 42 votes
    3y

    Thank You!

    0Reply
  • Ryan Arth
    Developer · Cleveland / Akron, OH · Member since 2008 · 922 posts · 399 votes
    3y

    Obviously you have markets that have stronger cash flow and markets with stronger chances of appreciation, generally due to a rising population. Locals normally recommend their own market, as they know it well and how to profit within it. Even getting positive recommendations from other out of state investors is most likely more reflective of the vendors that they have connected with than it is a referendum on the entire market they invested in. 

    I can tell you, we are probably considered a smaller midwestern market by many that have never been here, but the geographic and property class diversity that is available within this MSA is wide enough that you should be able to profit in any similar city, given the proper guidance and service providers. 

    In the macro sense, the midwest cashflows better than the coasts, and it has a more attractive price point, but the trend is that the population is moving SouthEast long term. That doesn't mean that you cannot invest for an entire career into a city that is flat or slowly losing population and do just fine.

    0Reply
  • Tony Valle
    OP
    Member since 2023 · 70 posts · 42 votes
    3y

    Very insightful analysis, Ryan. Thank you!

    0Reply
  • Chris Levarek
    Real Estate Syndicator · Phoenix, AZ · Member since 2018 · 903 posts · 1k+ votes
    3y

    @Tony Valle Here are some of the top markets for 2023 from various sources : https://www.biggerpockets.com/...

    Hope it helps!

    1Reply
  • Tony Valle
    OP
    Member since 2023 · 70 posts · 42 votes
    3y
    Quote from @Chris Levarek:

    @Tony Valle Here are some of the top markets for 2023 from various sources : https://www.biggerpockets.com/...

    Hope it helps!


     Thanks, Chris! This is very helpful, indeed.

    0Reply
  • Tony Valle
    OP
    Member since 2023 · 70 posts · 42 votes
    3y
    Quote from @Ruchit Patel:

    I am from California and I am out of state investor. Instead of reinventing the wheel, one can always go with turnkey providers. Not saying don't learn online, just saying, learn and then ask the right questions to turnkey providers who have evaluated deals/areas/PM etc already. Much quicker path to success. 


     Yes....that does seem to take a lot of the guesswork out of the process. I would appreciate any insights you may wish to share regarding your experience with a turnkey provider? 

    0Reply
  • Brandon Rabe
    Rental Property Investor · Honolulu, HI · Member since 2019 · 179 posts · 91 votes
    3y

    @Tony Valle what are you looking for in a market? What are you looking to get out of an investment? Once you create that criteria, that should help in narrowing down the list of markets to choose from.

    1Reply
  • Harrison Chow
    Real Estate Agent · Columbus, OH · Member since 2019 · 292 posts · 364 votes
    3y
    Quote from @Tony Valle:

    Hello fellow Investors,

    I am looking to make some connections that will help me identify some good markets to invest in for multi family homes. It seems to me that there is more opportunity in the Midwest and the South. I welcome your insights.


     Hi Tony! Columbus is the way to go! Below are a few reasons to jump into the Columbus market.

    1. Strong economic growth: Columbus has a robust economy with a variety of industries, including healthcare, education, and technology. This economic growth leads to a strong demand for housing, which can be beneficial for real estate investors.
    2. Affordability: Compared to other major cities in the US, Columbus is relatively affordable. The cost of living is lower and housing prices are more reasonable, which can make it a more attractive place to invest.
    3. Population growth: Columbus is one of the fastest-growing cities in the Midwest, and the population is expected to continue to grow in the coming years. A growing population can lead to increased demand for housing and potentially higher property values.
    4. Low vacancy rate: Columbus has relatively low vacancy rate, which mean good rental income for landlords. it also imply that the city is not oversaturated with rental properties, which can make it easier to find tenants.
    5. Tax benefits: Like any real estate investments, investing in Columbus could benefit from federal and state tax breaks, such as depreciation and mortgage interest deductions. These benefits can help offset some of the costs associated with owning and maintaining rental properties.

    Let me know how I can help!

    4Reply
  • Jared HottleBusiness Member
    Real Estate Agent · Cedar falls IA Waterloo, IA · Member since 2020 · 902 posts · 549 votes
    3y

    I would agree with you I think the Midwest will be much better for cash flow and stable over these high-interest turbulent times. Maybe not a big enough market for you but Northeast Iowa has been good to me!

    [email protected]319-288-5382
    Jared Hottle Real Estate59 Reviews
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    1Reply
  • Joseph Crunkilton
    Rental Property Investor · Oregon City, OR · Member since 2020 · 324 posts · 780 votes
    3y

     @Tony Valle

    When I got started out of state investing I went the turnkey route. @Zach Lemaster and his team helped me pick up my first few properties and I had a good experience. Their team is knowledgable and could help you as well. 

    It taught me a lot about the process as a whole and expanded my network. 

    7Reply
  • Tony Valle
    OP
    Member since 2023 · 70 posts · 42 votes
    3y
    Quote from @Joseph Crunkilton:

     @Tony Valle

    When I got started out of state investing I went the turnkey route. @Zach Lemaster and his team helped me pick up my first few properties and I had a good experience. Their team is knowledgable and could help you as well. 

    It taught me a lot about the process as a whole and expanded my network. 


    0Reply
  • Tony Valle
    OP
    Member since 2023 · 70 posts · 42 votes
    3y
    Quote from @Joseph Crunkilton:

     @Tony Valle

    When I got started out of state investing I went the turnkey route. @Zach Lemaster and his team helped me pick up my first few properties and I had a good experience. Their team is knowledgable and could help you as well. 

    It taught me a lot about the process as a whole and expanded my network. 

    Thanks for sharing your positive experience, Joseph!
    1Reply
  • Tony Valle
    OP
    Member since 2023 · 70 posts · 42 votes
    3y
    Quote from @Harrison Chow:
    Quote from @Tony Valle:

    Hello fellow Investors,

    I am looking to make some connections that will help me identify some good markets to invest in for multi family homes. It seems to me that there is more opportunity in the Midwest and the South. I welcome your insights.

    This seems to concur with all that I have researched about Columbus as well! Thanks, Harrison.

     Hi Tony! Columbus is the way to go! Below are a few reasons to jump into the Columbus market.

    1. Strong economic growth: Columbus has a robust economy with a variety of industries, including healthcare, education, and technology. This economic growth leads to a strong demand for housing, which can be beneficial for real estate investors.
    2. Affordability: Compared to other major cities in the US, Columbus is relatively affordable. The cost of living is lower and housing prices are more reasonable, which can make it a more attractive place to invest.
    3. Population growth: Columbus is one of the fastest-growing cities in the Midwest, and the population is expected to continue to grow in the coming years. A growing population can lead to increased demand for housing and potentially higher property values.
    4. Low vacancy rate: Columbus has relatively low vacancy rate, which mean good rental income for landlords. it also imply that the city is not oversaturated with rental properties, which can make it easier to find tenants.
    5. Tax benefits: Like any real estate investments, investing in Columbus could benefit from federal and state tax breaks, such as depreciation and mortgage interest deductions. These benefits can help offset some of the costs associated with owning and maintaining rental properties.

    Let me know how I can help!


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

    Hello fellow Investors,

    I am looking to make some connections that will help me identify some good markets to invest in for multi family homes. It seems to me that there is more opportunity in the Midwest and the South. I welcome your insights.


     Cleveland of course,

    0Reply
  • Jacob Krafka
    Real Estate Agent · Denver, CO · Member since 2022 · 77 posts · 25 votes
    3y

    Take a look at the colorado market... It is def headed for an uptake, as I have seen an influx of investors getting off the sidelines to start investing again. Would love to chat and see what you criteria is to see if we could make something work out here for you!

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

     @Tony Valle

    When I got started out of state investing I went the turnkey route. @Zach Lemaster and his team helped me pick up my first few properties and I had a good experience. Their team is knowledgable and could help you as well. 

    It taught me a lot about the process as a whole and expanded my network. 


     Great guys, they bought a bunch from me in the Cleveland markets 

    1Reply
  • Tony Valle
    OP
    Member since 2023 · 70 posts · 42 votes
    3y
    Quote from @Tony Valle:
    Quote from @Harrison Chow:
    Quote from @Tony Valle:

    Hello fellow Investors,

    I am looking to make some connections that will help me identify some good markets to invest in for multi family homes. It seems to me that there is more opportunity in the Midwest and the South. I welcome your insights.

    This seems to concur with all that I have researched about Columbus as well! Thanks, Harrison.

     Hi Tony! Columbus is the way to go! Below are a few reasons to jump into the Columbus market.

    1. Strong economic growth: Columbus has a robust economy with a variety of industries, including healthcare, education, and technology. This economic growth leads to a strong demand for housing, which can be beneficial for real estate investors.
    2. Affordability: Compared to other major cities in the US, Columbus is relatively affordable. The cost of living is lower and housing prices are more reasonable, which can make it a more attractive place to invest.
    3. Population growth: Columbus is one of the fastest-growing cities in the Midwest, and the population is expected to continue to grow in the coming years. A growing population can lead to increased demand for housing and potentially higher property values.
    4. Low vacancy rate: Columbus has relatively low vacancy rate, which mean good rental income for landlords. it also imply that the city is not oversaturated with rental properties, which can make it easier to find tenants.
    5. Tax benefits: Like any real estate investments, investing in Columbus could benefit from federal and state tax breaks, such as depreciation and mortgage interest deductions. These benefits can help offset some of the costs associated with owning and maintaining rental properties.

    Let me know how I can help!



     Thanks for this insight, Harrison!

    0Reply
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