Planning my second purchase

[Syed Khalid Jamal]

Hi! 

I am new to real estate investing. So far, I have bought one house with my brother, who lives there. Now, I am planning to buy a second house for cashflow. I have $150 cash (for 20%, renovations, etc). Had a discussion with HomeRoom, but was wondering if others have any advice. I am open to any US city. My area (Seattle area) is clearly very expensive. While my first choice would be to invest nearby so that i can manage the property myself, but given my budget, I am here to seek advice from this wonderful community. Thank you.

[Min Zhang]

Hi Syed, my recommendation is for you to check the midwest market. As long as you develop your Core 4 like David Green’s mentioned in his long-distance investing strategy (realtor, contractor, property manager, and lender), you should be able to invest anywhere with confidence. I buy in Columbus, Ohio. Columbus has experienced so much growth for the past few years, partly due to the influx of tech giants like Intel ($20 billion), Meta, Amazon, and Google building warehouses and data centers in the area, which has contributed to an increase in property prices and more people moving into the city for job opportunities. I also invest in Cleveland and Dayton. Let me know how I can help!