WHERE TO INVEST???

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WHERE TO INVEST???

Derek Fike
Member since 2022 · 26 posts · 26 votes

Hey Everyone,

I currently live in Colorado and am looking to purchase real estate to eventually turn into a rental. What are your thoughts on good markets to be targeting (towns, cities, states, etc.). If you were looking to put little cash down and still generate CoC return, where would you be looking?


Thanks everyone!

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Jimmy LieuBusiness Member
Real Estate Agent · Columbus, OH · Member since 2019 · 3k+ posts · 2k+ votes
3y

I would recommend Columbus Ohio personally! Still tons of 1% rule deals here in Columbus Ohio. Plus you get a great mix of positive cash flow and appreciation - it doesn't get better than this! Also, I love how there's tons of catalysts for population and job growth. Columbus is the only city in the midwest and rust belt that is growing in population. Plus, tons of employers like Honda, Intel, Nationwide, Wexner are bringing more jobs here. I'm a local investor and agent here and have worked with many out of state investors, so if you have any questions, would love to help out!

[email protected]614-300-7535
Jimmy Lieu, Red 1 Realty4.9120 Reviews
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  • Andres Murillo
    Real Estate Agent · Los Angeles, CA · Member since 2022 · 137 posts · 106 votes
    3y
    Quote from @Derek Fike:

    Hey Everyone,

    I currently live in Colorado and am looking to purchase real estate to eventually turn into a rental. What are your thoughts on good markets to be targeting (towns, cities, states, etc.). If you were looking to put little cash down and still generate CoC return, where would you be looking?


    Thanks everyone!


     Hey Derek! Here's a piece of content I made in order to help have conversations with investors. 

    You can get additional context and people's feedback on the forum post below.

    https://www.biggerpockets.com/...

    0Reply
  • Eric FernwoodBusiness Member
    Realtor · Las Vegas, NV · Member since 2014 · 994 posts · 1k+ votes
    3y

    Hello @Derek Fike,

    Some considerations:

    • The investor loans I have seen require a down payment of 20% to 30%. As far as I know, there is no way to obtain an investor loan with a lower down payment.
    • The lower the down payment, the lower your cash flow and return. I put together the following to demonstrate this.
    https://www.lasvegasrealestateinvestmentgroup.com/nwassets/images/20220706-924.png

    For what you want, the location is not the issue. The problem is high-interest rates and finding a lender who will permit less than 20% down.

    Whether you invest locally or out of state, you need local experts. Everything you've learned through podcasts, books, seminars, and websites is general information. You will buy a specific property in a specific location subject to specific taxes and local regulations. You need hyperlocal information, not general information. This information is only available from a local investment team. You cannot duplicate years of experience and skills from a team of experts.

    Does remote investing work? We’ve delivered over 470 investment properties, more than 90% of which are made by clients living in other states or other countries. We know our processes work because over 90% of our clients buy more than one property from us. And, our largest source of new clients is referrals from existing clients.

    Also, only five or six of our clients had any prior real estate investing experience before working with us. Part of our onboarding process is to teach new clients how real estate investing works. Real estate investing is straightforward; we teach people how to invest in about two hours.

    One of the primary considerations when you are selecting a location, is whether you can find a good investment team.

    [email protected]702-358-8884
    FERNWOOD Team, KW VIP Realty520 Reviews
    WebsiteView Page
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  • Jay ThomasPro Member
    Real Estate Agent · Houston, TX · Member since 2021 · 1k+ posts · 715 votes
    3y

    Texas is a great option for real estate investments. With no income tax, business friendly regulations and a variety of housing options to choose from, it's an attractive destination for budding real estate investors. Plus, its major cities like Austin, Houston and Dallas are booming with growth! If you're considering Texas as your next real estate venture, shoot me a DM and I'll be more than happy to answer any questions you have. Best of luck in your investment endeavors!

    [email protected]832-889-5607
    0Reply
  • Kevin Bartlett
    Realtor · Member since 2023 · 177 posts · 41 votes
    3y
    Quote from @Matt Cyberski:

    @Kevin Bartlett I've been considering SW Florida. What are your thoughts there?


     Hey Matt, sorry for the late replay, been swamped. Market inventory is low, the rental market is very hot. 

    0Reply
  • Linda LabbePro Member
    Investor · North Bay, Ontario · Member since 2015 · 709 posts · 262 votes
    3y

    HI All know Detroit takes a bid hit from a lot of investors but we have taken the time 4 years to build a great team on the ground there and are getting astounding numbers  both with buy and hold and flip projects  and since we also love toledo for the same reasons it makes sense the 2 work great together .

    We are getting great numbers in both places more the willing to chat and explain more if anyone is interested

    1Reply
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