New member - getting back to investing
Hi everyone,
I'm excited to be back in real estate investing after some time away. Just last week, I closed on my first multi-family property, and I’m scheduled to close on my second next week. Both are in a small market in Illinois, where I have family involved in real estate and construction, so it’s been a great way to jumpstart my multi-family journey.
As I'm looking to expand, I’m particularly interested in out-of-state investing, since the DC area where I live is a bit too expensive for my investment goals. I’m focusing on markets like South Carolina (Columbia, Spartanburg, Greenville), Ohio (Akron), and Pennsylvania (Pittsburgh). I’m hoping to connect with investors who have experience in these areas and are willing to share their insights.
Right now, my primary focus is on Yield and Cash-on-Cash return, and I’m looking to build a solid team around these investments. I’ve been in the single-family space for several years but am excited to dive deeper into multi-family properties. Looking forward to learning from and collaborating with everyone!
Thanks! Brian
Most Popular Reply
Hey Brian!
Investing in Memphis, TN could be a great move for you, especially if you're looking for positive cash flow. Memphis has a pretty affordable housing market and tends to offer solid rental yields, which might align well with your goals. The property prices are lower compared to other markets, and the rental demand in certain neighborhoods can be pretty strong.
Let me know if you want to know anything! I would gladly help you answering the questions you have!