What states or Cities should I consider

[Daniel Adebanjo]

Hi Everyone, 

I am a Canadian real estate investor who is looking to diversify by buying a few CF producing assets in the US. 
what states or cities should I look into buying first to get my feet in the water. Not looking to spend a lot to start probably $50k ( Downpayment) . My end goal is to have rental, mid term and short term rentals in the US. 
Your advice would be greatly appreciated. 
thanks 

[Kerry Noble Jr]

Central Indiana

[Chris DeTreville]

Secondary markets in the Southeast.  I am happy to help you in SC and GA.  

[Coltin Diehl]

Hello Daniel,

I would look towards the midwest! Property values are some of the lowest- reducing barrier of entry and creating higher margin to produce cashflow. Property values are also steady but appreciable and rents are competitive. THEY CASH FLOW GREAT! I have had the privilege to grow up in the Kansas City market and the past 5 years have seen expansion like never before. Midwestern cities are the next opportunity to "Get in early", so don't miss out. I'd be happy to help you in the Kansas & Missouri areas!

[Jeff Schemmel]

@Daniel Adebanjo First, if you haven't learned about FIRPTA, you should take a look at that.  Second, 50k down payment for a non owner-occupant is going to narrow your criteria down quite a bit.  The midwest is a good place to start, but most non owner-occupant loans require 25% down.  It's possible to get a 4/2 single family on the east side of saint paul for that, but that's more likely to be a long-term rental play or inclusive of a strategy that includes some kind of rental assistance model.  occasionally, you can find something in the west side or w 7th area of saint paul matching that criteria, but almost everything here in the twin cities is going to need some extra capital improvements to be rent-ready at 200k.

hope this helps, always happy to chat or extend my network.

[Macayla Fryc]

From personal experience in MN / WI, we've had great success with quality tenants and cash flow in an area that's within a drive to a main hub (in our case, St. Paul / Minneapolis), but far enough out (30-40 minutes) that it's lower in property prices with more space and breathability. Especially as folks are leaving the Cities (which also have increased regulations). A quaint town that has a good main-street (like Hudson, WI) is a charm pull for those looking to get out of the cities, but still have access to them. Families who need more safety, folks who have dogs and want a yard, a teacher looking for peace and quiet and a more affordable place to rent, etc.
The applicants we've had apply (143 so far) have held "gold nugget" tenants, including hard-working blue collar folks, professors from nearby college towns, and young, reliable tenants who need something more affordable than in the hubbub of the cities. They also have seemed low-fuss. For context, we have a quad plex with 4x 1-bedrooms in a sunny little neighborhood. Can't speak to how it's going in the downtown areas, but within the last year, *many* of our applicants have cited that they're looking for something more affordable, and therefore, stepping out of the cities.
 

[Jonathan Aversano]

Hi Daniel,

With $50k to invest, you will find a solid amount of options here in Ohio. I still come across 1% deals in Columbus and Cleveland, with more cashflow and slightly cheaper deals in Cleveland, while significant economic drivers (OSU, Nationwide, Intel, Nationwide Children's Hospital, etc.) make Columbus a very attractive destination for appreciation. 

[Ran Iarovich]

Quote from @Daniel Adebanjo:

Hi Everyone, 

I am a Canadian real estate investor who is looking to diversify by buying a few CF producing assets in the US. 
what states or cities should I look into buying first to get my feet in the water. Not looking to spend a lot to start probably $50k ( Downpayment) . My end goal is to have rental, mid term and short term rentals in the US. 
Your advice would be greatly appreciated. 
thanks 

Check these markets out for cash flow: 

[Jimmy Lieu]

Quote from @Daniel Adebanjo:

Hi Everyone, 

I am a Canadian real estate investor who is looking to diversify by buying a few CF producing assets in the US. 
what states or cities should I look into buying first to get my feet in the water. Not looking to spend a lot to start probably $50k ( Downpayment) . My end goal is to have rental, mid term and short term rentals in the US. 
Your advice would be greatly appreciated. 
thanks 

Hi Daniel, I personally love Columbus Ohio and as someone who works with a lot of out of state investors - there's so many catalysts for why you should invest here. Specifically, there's job growth (Intel, Honda, Amazon, Nationwide, etc) and the population is growing (unlike Cleveland or Cincy). I really see Columbus Ohio as an extremely safe bet for the next 10-20 years. Plus, there's still so many positive cash flowing and 1% deals here in Columbus Ohio. Just a few weeks ago, I helped a client close on a deal getting them 20% cash on cash return. As a local investor and agent here in Columbus, let me know if you have any questions or want to connect

[Aj Parikh]

Hi Daniel, 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.

[Caleb Brown]

Check out Kansas City! It is a great mix of cash flow and appreciation 

[Simon Ashbaugh]

Lots of mid term opportunites at fairly low price points in cleveland. Theres a ton of hospitals

[Anthony L Amos Jr]

Quote from @Daniel Adebanjo:

Hi Everyone, 

I am a Canadian real estate investor who is looking to diversify by buying a few CF producing assets in the US. 
what states or cities should I look into buying first to get my feet in the water. Not looking to spend a lot to start probably $50k ( Downpayment) . My end goal is to have rental, mid term and short term rentals in the US. 
Your advice would be greatly appreciated. 
thanks 

Invest in the wonderful town of Columbus, OH. Home to The Ohio State University with nearly 60,000 students, 5 fortune 500 companies, over +25% population change since 2000, 2016 smart city challenge award winner gaining 50 million dollars in funding from the government ( https://www.columbus.gov/smartcity/), Intel is spending 20 Billion dollars to build two semiconductor plants, and many many more great things presently and coming in the future. Needless to say Columbus will remain a strong real estate market for the foreseeable future.

[Alex Olson]

Of course I am parital to KC. $50k would get you around $200,000 in KC and you can get a good duplex for this amount that will appreciate really well and cash flow nicely. If you go for a class B- or better area, it is a solid "base hit" that will build wealth for you over time and you can always 1031 exchange out of it into a bigger property. 

[Sam McCormack]

@Daniel Adebanjo

Hi Daniel, 50k the perfect amount to have to start out. It will cover 20% on a 200k loan, with CC, and in case anything happens to the property within a few months. Cincinnati is great for this before you can find SMF for around that price, perfectly fitting what you have to invest!

Let me know and I can educate you a little more on it to see if Cincy is a good fit

[Rick Albert]

And here come the real estate agents who all say their market is best.

The reality is with $50K you are looking at a $200K purchase. 

Many of the markets that are considered "hot" is based on past data and therefore likely are going to be difficult to cash flow.

What I have been doing is looking at desirable markets, and investing just outside of it. As the main market gets overpriced, buyers and tenants have to go somewhere.

[Melanie Thomas]

San Antonio or Austin, Texas! Yee-haw! 

Happy investing!

[Eli Davis]

Oklahoma has great cash flow and appreciation.

[Amber Forkey]

Quote from @Daniel Adebanjo:

Hi Everyone, 

I am a Canadian real estate investor who is looking to diversify by buying a few CF producing assets in the US. 
what states or cities should I look into buying first to get my feet in the water. Not looking to spend a lot to start probably $50k ( Downpayment) . My end goal is to have rental, mid term and short term rentals in the US. 
Your advice would be greatly appreciated. 
thanks 

Upstate NY (1000 Islands Region) has a stable rental market due to the military base, Fort Drum being located here. It's also an area that has several markets that support short term rentals such as Clayton, Cape Vincent, Sackets Harbor, Alexandria Bay and others. 

Working with a budget of around $200,000, there are definitely multi family and single family opportunities here both on and off market. 

Reach out if you want to chat more, I'm always up for discussion. 

[Amy Charles]

Quote from @Melanie Thomas:
San Antonio or Austin, Texas! Yee-haw! 

Happy investing!

 What can you do with $50k in Austin?