New Member Looking in to Out of State Real Estate

[Harry Shin]

Hello, I live in Seattle, WA. The market here is very expensive and mainly focused in building ADUs and appreciation. As this will be my first out of state investment, I'm looking to do more turnkey/light renovations, class B- or better neighborhoods, and focused on monthly cashflow rather than appreciation. Will be doing mostly cash. I know this is a unicorn of a buy box but any help would be great. Focused in Michigan or Ohio as I'm original from there, but any wisdom would be great!

[Evan Hopple]

@Harry Shin

Welcome to BP! The biggest factor in getting cashflow in B-class is having your team lined up ahead of time—contractor, PM, agent—so you’re ready to move fast when something hits. Ohio has a strong multifamily market with consistent deal flow. It really comes down to finding something that matches your criteria. Spend some time studying where deals are selling that fit your buy box, so that you’ll have a clear reference point when new opportunities come up.