Hello BP Community, I am a new member from CA and have been reading and listening to BP Podcast on and off for a couple of years now and finally decided to take the leap and start my first out of state rental investment. I have narrowed down to below but are open to other suggestion as well:
1-Dayton (maybe Westside of Cleveland); Oh
2-Birmingham Al,
3- Kansa City
My goal is to keep my invest under 60K and mainly wanted to focus on SFH 3/2 or small duplex in a blue collar working (c+ to B class) neighborhood ; I don't think I am ready for BRRR method just yet but I am not against it if I can build a trusted team in the area. I want to focus on positive cash flow with some level of appreciation in 3-5 years. Does anyone invest in this area and might have a trust realtor or property managing team that they can connect me with?
Are there any investors that are familiarly with these area? how is the section 8 rental market vs private market rent?
Do you suggest any other area ?
Thank you so much in advance
@Ruimin Megan Guo, I'd lean toward Dayton personally since the price-to-rent ratios are strong and the tenant pool is steady, working-class, which is exactly what you want starting out. Happy to connect you with a PM team in the Ohio market if you want to shoot me a message.
Hello BP Community, I am a new member from CA and have been reading and listening to BP Podcast on and off for a couple of years now and finally decided to take the leap and start my first out of state rental investment. I have narrowed down to below but are open to other suggestion as well:
1-Dayton (maybe Westside of Cleveland); Oh
2-Birmingham Al,
3- Kansa City
My goal is to keep my invest under 60K and mainly wanted to focus on SFH 3/2 or small duplex in a blue collar working (c+ to B class) neighborhood ; I don't think I am ready for BRRR method just yet but I am not against it if I can build a trusted team in the area. I want to focus on positive cash flow with some level of appreciation in 3-5 years. Does anyone invest in this area and might have a trust realtor or property managing team that they can connect me with?
Are there any investors that are familiarly with these area? how is the section 8 rental market vs private market rent?
Do you suggest any other area ?
Thank you so much in advance
You are Absolutely right Arman. That is the reason why I am primarily looking into c+ to B class blue collar working neighborhoods. Do you have any suggestions on which neighborhoods I should look into in Ohio? Are you open to work with an out of state investor or do you have any recommendations for an agent or PM!
Hello BP Community, I am a new member from CA and have been reading and listening to BP Podcast on and off for a couple of years now and finally decided to take the leap and start my first out of state rental investment. I have narrowed down to below but are open to other suggestion as well:
1-Dayton (maybe Westside of Cleveland); Oh
2-Birmingham Al,
3- Kansa City
My goal is to keep my invest under 60K and mainly wanted to focus on SFH 3/2 or small duplex in a blue collar working (c+ to B class) neighborhood ; I don't think I am ready for BRRR method just yet but I am not against it if I can build a trusted team in the area. I want to focus on positive cash flow with some level of appreciation in 3-5 years. Does anyone invest in this area and might have a trust realtor or property managing team that they can connect me with?
Are there any investors that are familiarly with these area? how is the section 8 rental market vs private market rent?
Do you suggest any other area ?
Thank you so much in advance
Hello BP Community, I am a new member from CA and have been reading and listening to BP Podcast on and off for a couple of years now and finally decided to take the leap and start my first out of state rental investment. I have narrowed down to below but are open to other suggestion as well:
1-Dayton (maybe Westside of Cleveland); Oh
2-Birmingham Al,
3- Kansa City
My goal is to keep my invest under 60K and mainly wanted to focus on SFH 3/2 or small duplex in a blue collar working (c+ to B class) neighborhood ; I don't think I am ready for BRRR method just yet but I am not against it if I can build a trusted team in the area. I want to focus on positive cash flow with some level of appreciation in 3-5 years. Does anyone invest in this area and might have a trust realtor or property managing team that they can connect me with?
Are there any investors that are familiarly with these area? how is the section 8 rental market vs private market rent?
Do you suggest any other area ?
Thank you so much in advance
Hi Jimmy, Thank you for the great info. I am very much interested in connect with you for any potential deal. I am open to look at other market as well and not limit myself in the ultra cheap properties because I understand the risk and tenant pool that I am getting into. I am open to SFH under $150,000 or Duplex under $250,000 in a good nationhood. What is the best way to connect with you?
@Ruimin Megan Guo, I'd lean toward Dayton personally since the price-to-rent ratios are strong and the tenant pool is steady, working-class, which is exactly what you want starting out. Happy to connect you with a PM team in the Ohio market if you want to shoot me a message.
Hello BP Community, I am a new member from CA and have been reading and listening to BP Podcast on and off for a couple of years now and finally decided to take the leap and start my first out of state rental investment. I have narrowed down to below but are open to other suggestion as well:
1-Dayton (maybe Westside of Cleveland); Oh
2-Birmingham Al,
3- Kansa City
My goal is to keep my invest under 60K and mainly wanted to focus on SFH 3/2 or small duplex in a blue collar working (c+ to B class) neighborhood ; I don't think I am ready for BRRR method just yet but I am not against it if I can build a trusted team in the area. I want to focus on positive cash flow with some level of appreciation in 3-5 years. Does anyone invest in this area and might have a trust realtor or property managing team that they can connect me with?
Are there any investors that are familiarly with these area? how is the section 8 rental market vs private market rent?
Do you suggest any other area ?
Thank you so much in advance
YES FIND A GOOD AGENT FOR DAYTON. I have a few clients who have bought it Dayton, and they realized they bought something in the ghetto, lol. I am in Cincinnati, just south of Dayton, and I have agent contacts in Dayton, OH so let me know and I will connect you
Hello BP Community, I am a new member from CA and have been reading and listening to BP Podcast on and off for a couple of years now and finally decided to take the leap and start my first out of state rental investment. I have narrowed down to below but are open to other suggestion as well:
1-Dayton (maybe Westside of Cleveland); Oh
2-Birmingham Al,
3- Kansa City
My goal is to keep my invest under 60K and mainly wanted to focus on SFH 3/2 or small duplex in a blue collar working (c+ to B class) neighborhood ; I don't think I am ready for BRRR method just yet but I am not against it if I can build a trusted team in the area. I want to focus on positive cash flow with some level of appreciation in 3-5 years. Does anyone invest in this area and might have a trust realtor or property managing team that they can connect me with?
Are there any investors that are familiarly with these area? how is the section 8 rental market vs private market rent?
Do you suggest any other area ?
Thank you so much in advance
YES FIND A GOOD AGENT FOR DAYTON. I have a few clients who have bought it Dayton, and they realized they bought something in the ghetto, lol. I am in Cincinnati, just south of Dayton, and I have agent contacts in Dayton, OH so let me know and I will connect you
I am an agent in Dayton and also an investor, there are definitely areas in Dayton I would NOT buy in (I've lived in the area over 40 years). Let me know if you still need help with boots on the ground!
Hello BP Community, I am a new member from CA and have been reading and listening to BP Podcast on and off for a couple of years now and finally decided to take the leap and start my first out of state rental investment. I have narrowed down to below but are open to other suggestion as well:
1-Dayton (maybe Westside of Cleveland); Oh
2-Birmingham Al,
3- Kansa City
My goal is to keep my invest under 60K and mainly wanted to focus on SFH 3/2 or small duplex in a blue collar working (c+ to B class) neighborhood ; I don't think I am ready for BRRR method just yet but I am not against it if I can build a trusted team in the area. I want to focus on positive cash flow with some level of appreciation in 3-5 years. Does anyone invest in this area and might have a trust realtor or property managing team that they can connect me with?
Are there any investors that are familiarly with these area? how is the section 8 rental market vs private market rent?
Do you suggest any other area ?
Thank you so much in advance
I own student housing in dayton and it does very well. I don't recommend buying properties that cheap. Standard BRRRR deals for SFH are around $75k to $85k in good areas and over $110k to $120k for duplex deals.
Section-8 is okay but don't rely on it like the guru's in social media like "seciton 8 kareem" mentions. Do your due diligence and connect with a good agent.
Would be glad to connect.