newbie interested in buy and hold small multifamilies

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newbie interested in buy and hold small multifamilies

Darriell M.
Member since 2025 · 3 posts · 6 votes

Hello everyone,

My name is darri and i am interested in buying a small multifamily property under 100k in Ohio, Upstate NY, or GA

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Nadeem Alamgir
Real Estate Agent · Member since 2023 · 831 posts · 577 votes
1y

Hey Darriell if you're looking to invest out of state in small multifamily, the first step is narrowing down a market that aligns with your budget, ROI expectations, and investment goals. Once you have a target market in mind, connecting with investor friendly agents who have experience working with out of state buyers will make the process much smoother.

If you're considering the Midwest, cities like Cleveland offer affordable properties, strong rental demand, and solid cash flow potential. 2-4 unit properties typically range from $100K–$400K, and the landlord-friendly laws make it a great option for investors. Best of luck!

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  • Remington LymanBusiness Member
    Real Estate Agent · Columbus, OH · Member since 2017 · 6k+ posts · 7k+ votes
    1y
    Quote from @Darriell M.:

    Hello everyone,

    My name is darri and i am interested in buying a small multifamily property under 100k in Ohio, Upstate NY, or GA


     Welcome to the site Darriell

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  • Samuel DioufBusiness Member
    Real Estate Agent · Columbus & Cleveland, OH · Member since 2023 · 1k+ posts · 1k+ votes
    1y

    Welcome to Bigger Pockets Darriell!

    Bigger Pockets is a great place to learn and connect with fellow investors.

    If you’re looking to invest long distance, I definitely recommend building your core-4 team. This team consists of an Investor Focused Agent, Lender, Contractor, and PM.

    Read this article on the "core 4". It explains the team that you should develop to have a strong foundation under you while investing remotely.

    https://www.biggerpockets.com/blog/core-four-real-estate-team

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  • Sam McCormackBusiness Member
    Real Estate Agent · Cincinnati, OH/NKY · Member since 2021 · 1k+ posts · 833 votes
    1y
    Quote from @Darriell M.:

    Hello everyone,

    My name is darri and i am interested in buying a small multifamily property under 100k in Ohio, Upstate NY, or GA


     Welcome Darriell! Do you have a specific strategy or location? That can help you narrow down more. The price does narrow it down a lot already to a few specific areas and strategies. But if you are looking to do something different then you may need to increase your purchase price budget. Happy to talk more with how to go about it

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  • Jimmy LieuBusiness Member
    Real Estate Agent · Columbus, OH · Member since 2019 · 3k+ posts · 2k+ votes
    1y
    Quote from @Darriell M.:

    Hello everyone,

    My name is darri and i am interested in buying a small multifamily property under 100k in Ohio, Upstate NY, or GA

    Hi Darriell, if you're looking at multifamily under 100k, I would recommend a lot of the Ohio cities like Cleveland, Toledo, and Akron - you can still find deals under this lower price point. However, if you're okay with 120-180k for a single family or 200-250k for a multifamily, you would be to look at deals in Columbus Ohio (especially those that hit the 1% rule/positive cash flow and will get amazing appreciation here. The macroeconomics are on fire here - population growth, job growth, and so many companies moving/developing here (Intel, Ohio State, Amazon, Google, FB, Microsoft, LG, Anduril, etc). Happy to connect and answer any questions you have.

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  • Nadeem Alamgir
    Real Estate Agent · Member since 2023 · 831 posts · 577 votes
    1y

    Hey Darriell if you're looking to invest out of state in small multifamily, the first step is narrowing down a market that aligns with your budget, ROI expectations, and investment goals. Once you have a target market in mind, connecting with investor friendly agents who have experience working with out of state buyers will make the process much smoother.

    If you're considering the Midwest, cities like Cleveland offer affordable properties, strong rental demand, and solid cash flow potential. 2-4 unit properties typically range from $100K–$400K, and the landlord-friendly laws make it a great option for investors. Best of luck!

    2Reply
  • Wale LawalBusiness Member
    Real Estate Broker · Houston | Dallas | Austin, TX · Member since 2018 · 5k+ posts · 2k+ votes
    1y

    @Darriell M.

    Darri, it's great that you're looking to start with small multifamily properties under $100K in Ohio, Upstate NY, or Georgia—these markets can offer strong cash flow opportunities. Focus on finding stable rental demand, reliable property management, and favorable landlord laws to ensure long-term success.

    Good luck!

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  • Darriell M.
    OP
    Member since 2025 · 3 posts · 6 votes
    1y

    Thanks for the responses everyone, Im still doing research but at this time I believe DSCR loans would make the most sense for buy and hold. I see alot of investors are interested in using the fix and flip strategies or BRRR which im not. If anything I would either like to buy and hold or be a passive partner. Any personal stories to share?

    1Reply
  • Darriell M.
    OP
    Member since 2025 · 3 posts · 6 votes
    1y

    @Remington Lyman Thanks for the response! I only became aware of "passive notes" from a REIA meeting I attended any particular reason why that would be challenging?

    1Reply
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