Out of State Investing

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Out of State Investing

Preeti Sampath
Member since 2019 · 26 posts · 15 votes

I live in Denver and own properties for rentals here. Lately, since Colorado is the new California, we are now in low supply market where prices are rising fast and anything that is good has huge bidding wars and people paying way more than the property is worth. As an investor, I want to look at other states as the Denver market cools off. Are there any areas that are up and coming that are good for rental investing? Also, love to build some connections of people in other states to learn more about their investing experience. If you're looking at Colorado market, I can help you also with insight into this crazy market. Thank you!!

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Michael Orlando
Investor · Cleveland, OH · Member since 2019 · 147 posts · 156 votes
5y

Ohio has some solid markets - Cleveland for cashflow, and Columbus for appreciation. Cinci and Dayton have their benefits too! My partner and I invest in Cleveland though and love the returns we can hit. 

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  • Jaron WallingPro Member
    Rental Property Investor · Indianapolis, IN · Member since 2018 · 4k+ posts · 4k+ votes
    5y

    Boise, ID

    Minneapolis, MN

    Las Vegas, NV

    Arizona and Texas are blowing up if you want to travel further.

    3Reply
  • Jake Martinez
    Real Estate Agent · Boise, ID · Member since 2019 · 8 posts · 6 votes
    5y

    Hi Preeti,

    I am a realtor, investor and property manager in Boise ID. I'd love to connect and give you any information you need about our market!

    Feel free to shoot me a message.

    Thank you,


    Jake Martinez

    JPAR Live Local

    2Reply
  • Andrew Wehn
    Walnut Creek, CA · Member since 2021 · 4 posts · 7 votes
    5y

    I live in Northern California and just bought an investment property (condo) in Scottsdale, AZ.  Like Jaron said, AZ is "blowing up."  I'm sure the best time to get in was a few years ago but no time like the present.  I have a lot of friends and family out there as I grew up there, so I have an advantage but I'm a huge fan of the Phoenix metropolitan area and see a lot of opportunity.  I suppose it'll come down at some point but probably not this year nor next - we'll see... I plan to make a lot of buy-and-hold investments in the Scottsdale and North Phoenix area in the next few years.

    7Reply
  • Michael Orlando
    Investor · Cleveland, OH · Member since 2019 · 147 posts · 156 votes
    5y

    Ohio has some solid markets - Cleveland for cashflow, and Columbus for appreciation. Cinci and Dayton have their benefits too! My partner and I invest in Cleveland though and love the returns we can hit. 

    7Reply
  • George MevawalaBusiness Member
    Real Estate Agent · Scottsdale, AZ · Member since 2017 · 116 posts · 102 votes
    5y

    Phoenix, AZ

    1Reply
  • Preeti Sampath
    OP
    Member since 2019 · 26 posts · 15 votes
    5y
    Originally posted by @Michael Orlando:

    Ohio has some solid markets - Cleveland for cashflow, and Columbus for appreciation. Cinci and Dayton have their benefits too! My partner and I invest in Cleveland though and love the returns we can hit. 

    Hey Michael. Thanks for your input. I am interested in Ohio market as I have noticed the investment goes a longer way. Do you guys own SFH or multi family homes? Love to chat with you!

    1Reply
  • Preeti Sampath
    OP
    Member since 2019 · 26 posts · 15 votes
    5y
    Originally posted by @Jaron Walling:

    Boise, ID

    Minneapolis, MN

    Las Vegas, NV

    Arizona and Texas are blowing up if you want to travel further.

    Thanks Jaron! I will explore the properties in these areas!

    0Reply
  • Preeti Sampath
    OP
    Member since 2019 · 26 posts · 15 votes
    5y
    Originally posted by @Andrew Wehn:

    I live in Northern California and just bought an investment property (condo) in Scottsdale, AZ.  Like Jaron said, AZ is "blowing up."  I'm sure the best time to get in was a few years ago but no time like the present.  I have a lot of friends and family out there as I grew up there, so I have an advantage but I'm a huge fan of the Phoenix metropolitan area and see a lot of opportunity.  I suppose it'll come down at some point but probably not this year nor next - we'll see... I plan to make a lot of buy-and-hold investments in the Scottsdale and North Phoenix area in the next few years.

    Yep, I have been hearing Phoenix being brought up in the area. I actually want to do a trip there to check out the area. Do you currently own property in AZ? Thanks for your input. 

    0Reply
  • Remington LymanBusiness Member
    Real Estate Agent · Columbus, OH · Member since 2017 · 6k+ posts · 7k+ votes
    5y
    Originally posted by @Preeti Sampath:

    I live in Denver and own properties for rentals here. Lately, since Colorado is the new California, we are now in low supply market where prices are rising fast and anything that is good has huge bidding wars and people paying way more than the property is worth. As an investor, I want to look at other states as the Denver market cools off. Are there any areas that are up and coming that are good for rental investing? Also, love to build some connections of people in other states to learn more about their investing experience. If you're looking at Colorado market, I can help you also with insight into this crazy market. Thank you!!

    A lot of out-of-state investors are looking into the Columbus, Ohio market 

    [email protected]614-541-8475Podcast Guest on Show My Job Laid Me Off, So I Replaced My Salary with Rentals
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    1Reply
  • Tom O'Stasik
    Real Estate Agent · Tulsa, OK · Member since 2019 · 130 posts · 66 votes
    5y

    Tulsa, OK is a great market for investment properties. Typically they cash flow. The avg home price is 30% below the country avg. I'm a realtor and investor in Tulsa. Let me know if you'd like to chat.

    2Reply
  • Andrew Wehn
    Walnut Creek, CA · Member since 2021 · 4 posts · 7 votes
    5y
    Yes I recently bought a condo in Scottsdale to rent out.  Very happy with the decision.  Looking to do more.

    Originally posted by @Preeti Sampath:
    Originally posted by @Andrew Wehn:

    I live in Northern California and just bought an investment property (condo) in Scottsdale, AZ.  Like Jaron said, AZ is "blowing up."  I'm sure the best time to get in was a few years ago but no time like the present.  I have a lot of friends and family out there as I grew up there, so I have an advantage but I'm a huge fan of the Phoenix metropolitan area and see a lot of opportunity.  I suppose it'll come down at some point but probably not this year nor next - we'll see... I plan to make a lot of buy-and-hold investments in the Scottsdale and North Phoenix area in the next few years.

    Yep, I have been hearing Phoenix being brought up in the area. I actually want to do a trip there to check out the area. Do you currently own property in AZ? Thanks for your input. 

    0Reply
  • Colton Kusilek
    Real Estate Agent · Phoenix, AZ · Member since 2021 · 5 posts · 2 votes
    5y

    Hi Preeti,

    Phoenix, AZ is currently one of the hottest markets in the country in terms of real estate investing. I have many friends and colleagues in the Denver area looking to learn more about other markets as well. Please feel free to connect and reach out to me directly if you would like to learn more! 

    Best Regards,

    Colton Kusilek

    1Reply
  • Kyle Healy
    Investor · Hartville, OH · Member since 2019 · 10 posts · 12 votes
    5y

    I'm out of a suburb of Chicago and invest in the Akron, OH area. It's not rising as fast as the Cleveland/Columbus type of environments, but Amazon put in a fulfillment facility there, and that was a large draw in my opinion to invest in the region. I like to build off the large companies research vs pouring hours into my own. If they are putting in a fulfillment facility, there's enough draw to the area for employment opportunities that they found. Between that and having a good realtor in the area, I was comfortable with investing out of state there. Greater than 1% rule small multi-family are in pretty good stock here as well.

    Happy to connect with anyone looking to get to know that area well. I have a network being built up there for deals.

    Best Regards,

    Kyle Healy

    4Reply
  • Axel MeierhoeferPro Member
    Rental Property Investor · Escondido, CA · Member since 2017 · 684 posts · 550 votes
    5y

    @Preeti Sampath I am in the old California (San Diego area) and I currently buy in Ohio and Alabama with TK providers so it's as passive as can be. I love the performance of the properties, especially compared to my home area. 

    If your properties are in CO, you might be able to use HELOC to leverage and build assets without losing your current base.

    2Reply
  • Marc RiceBusiness Member
    Real Estate Agent · Columbus Cleveland Dayton, OH · Member since 2018 · 2k+ posts · 1k+ votes
    5y

    @Preeti Sampath

    Columbus, Ohio is up and coming with a lot more room for growth due to the job/population growth and housing shortage. Any market with an increasing population could be viewed as “up and coming”.

    [email protected]614-363-2787
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    3Reply
  • Brandon GoldsmithBusiness Member
    Real Estate Agent · Columbus, OH · Member since 2020 · 1k+ posts · 1k+ votes
    5y

    I would suggest looking over in the Midwest. Ohio and Columbus especially has been attracting a lot of oos investors @Preeti Sampath

    [email protected]614-963-3340
    2Reply
  • Michael S.
    Investor · Member since 2020 · 31 posts · 18 votes
    5y

    In colorado, how competitive are bidding situations in Fort Collins / Johnstown? Hoping the CU Boulder / CSU corridor will continue to grow.

    1Reply
  • Brandon Koster
    Member since 2016 · 31 posts · 50 votes
    5y

    Any low-cost, mid-size, high-amenities market where remote-workers will continue to move to from high-price mega-cities is where to be.  Think Grand Rapids, Louisville, Huntsville, Indianapolis, Pittsburgh, Columbus, etc.  Basically cities that are low-cost but also very cool places to be.

    4Reply
  • Joel K.
    Investor · Grand Rapids, MI · Member since 2018 · 20 posts · 9 votes
    5y

    I live and have rentals in Grand Rapids, MI... I also wholesale to a lot of California, Oregon, Washington buyers because our CAP rates are really good. If you would like more information on the market, feel free to reach out.

    0Reply
  • Oren Kachel
    Member since 2019 · 140 posts · 24 votes
    5y

    @Joel K.

    Hey Joel, any specific areas u recomend on GR?

    (Or areas ur really dont recommend....)

    0Reply
  • Joel K.
    Investor · Grand Rapids, MI · Member since 2018 · 20 posts · 9 votes
    5y

    @Oren Kachel Grand Rapids proper is really desirable right now and all four sections have good and bad. NW and NE sides have the most development going on right now.

    1Reply
  • Brandon Koster
    Member since 2016 · 31 posts · 50 votes
    5y

    @Oren Kachel Are you looking for appreciation or cashflow?  If you are looking for "up and coming" Baxter neighborhood is one of the lowest cost in the city (therefore great cashflow) and is surrounded by full-force, high-end gentrification on 3 sides.  It is lower income and has some crime, but it is only a matter of time before it gentrifies.  Wealthy Street is currently a huge cultural and economic dividing line, but that will not last forever.

    Also - keep an eye on where CopperBay (you can Google) is building new rental homes.  They have big money and are building cookie-cutter brand new rental homes across the city.  If they think the area is good enough to invest in building a brand new rental, it is good enough for me.

    0Reply
  • Mike D'ArrigoPro Member
    Turn key provider · San Jose, CA · Member since 2010 · 4k+ posts · 3k+ votes
    5y

    @Preeti Sampath I wouldn't call Indianapolis or Kansas City up and coming because they have been strong markets for several years. Both are good cash flow markets and I guess you could say up and coming because they have strong population growth, job growth, and modernized industries and economies. I'd highly recommend them if your goal is cash flow. We've been active in both markets for about 10 years. I'd be happy to help if I can.

    1Reply
  • Thornton D.
    Investor · Huntsville, AL · Member since 2020 · 30 posts · 21 votes
    5y

    @Brandon Koster You're right on the money with including Huntsville on that list. It's rapidly becoming a "cool" place to live for young professionals and families. I'd say another 5 years and a few more entertainment developments and we'll be outpacing Birmingham!

    5Reply
  • Oren Kachel
    Member since 2019 · 140 posts · 24 votes
    5y
    Originally posted by @Brandon Koster:

    @Oren Kachel Are you looking for appreciation or cashflow?  If you are looking for "up and coming" Baxter neighborhood is one of the lowest cost in the city (therefore great cashflow) and is surrounded by full-force, high-end gentrification on 3 sides.  It is lower income and has some crime, but it is only a matter of time before it gentrifies.  Wealthy Street is currently a huge cultural and economic dividing line, but that will not last forever.

    Also - keep an eye on where CopperBay (you can Google) is building new rental homes.  They have big money and are building cookie-cutter brand new rental homes across the city.  If they think the area is good enough to invest in building a brand new rental, it is good enough for me.

    hey @brandon koster , i just bought one on Logan!

    I bought it with cash, and since i dont want to sink my money into a property and i prefer buying creatively, im gonna flip it

    2Reply
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