suggestions for the first investment property

First-Time Home Buyer
3yFollow

suggestions for the first investment property

Raghavendra Kandukuri
Developer · Copley, OH · Member since 2022 · 9 posts · 6 votes

Hi, i am looking for my first investment property, and i’m new to real estate and looking for suggestions interms of state/location, type of loan which can generate some positive cash flow or break even.

4Reply
96 views

Most Popular Reply

Anthony L Amos Jr
Real Estate Agent · Columbus | Toledo · Member since 2019 · 608 posts · 768 votes
3y
Quote from @Raghavendra Kandukuri:

Hi, i am looking for my first investment property, and i’m new to real estate and looking for suggestions interms of state/location, type of loan which can generate some positive cash flow or break even.


 Toledo, Cleveland, and Dayton are all good for cashflow and are right here in Ohio. 

3Reply
See this reply in the discussion

28 Replies

Jump to latestLatest
  • Jeremy Albert
    Investor · Buffalo, NY · Member since 2019 · 6 posts · 1 vote
    3y

    As others have said... House hack. There is no better way to get started than to take your own personal mortgage and eliminate it WHILE learning the ropes.  

    You make small sacrifices to achieve this but it is absolutely worth it. And if you don't want to self-manage hire out the management duties to a property manager. It's unique and you will have some fees, but it will still give you a WAY higher ROI than buying while still renting.

    1Reply
  • Patrick DruryBusiness Member
    Real Estate Agent · Columbus, OH & Cleveland OH · Member since 2021 · 1k+ posts · 2k+ votes
    3y

    @Raghavendra Kandukuri
    Columbus and Cleveland are great Ohio markets. Columbus is a solid hybrid market of cash flow and appreciation. Columbus has lots of job opportunities and population growth. On the other hand, Cleveland is a great pure cash flow market.

    [email protected]614-412-4565
    Reafco-556 Reviews
    View Page
    2Reply
  • Aj Parikh
    Rental Property Investor · Centreville, VA · Member since 2019 · 1k+ posts · 799 votes
    3y

    Hi Raghavendra, I have found value investing in Cleveland, OH because it is home to Cleveland Clinic, lot of good neighborhoods, landlord friendly laws, stable appreciation and good cash flowing properties. There are also abundant opportunities for small multi family and SFH. I have been able to scale up to 12 doors in 2 years so definitely recommend this area. Feel free to reach out and we can discuss.

    1Reply
Join the conversationCreate a free account to reply, vote on answers and follow this thread.
Log InJoin for Free