All Forum Posts by: Bagus A.
Bagus A. has started 11 posts and replied 20 times.
Post: Investing in Indiana PA
- New to Real Estate
- Rockville, MD
- Posts 20
- Votes 20
Has anyone had experience investing in Indiana PA around Univ of Penn ? . I want to know how its prospect. Appreciate if anyone can share the experience in that area. Thank you.
Post: Homeowner Insurance or Landlord Insurance
- New to Real Estate
- Rockville, MD
- Posts 20
- Votes 20
Hi, I am a new investor. As for investment property, do we need either homeowner insurance or landlord insurance, or both? what's the best practice for the starter ?. FYI I won't live there. Appreciate anyone who shares experience and insight. Thank you.
Post: Need resources and network in Pittsburgh Market
- New to Real Estate
- Rockville, MD
- Posts 20
- Votes 20
Hi, I am a new investor in the Pittsburgh area. Still working on the deal in the area.
I need more connections in this area to help me manage the property.
For Property Management, Contractor, Handyman, Insurance agent, please DM me.
Thank you
Post: New Investor looking to invest in Ohio
- New to Real Estate
- Rockville, MD
- Posts 20
- Votes 20
Quote from @James Wise:
Quote from @Bagus A.:
Hi all I am a rookie investor, almost finish my rookie boot camp with BP.
I live in a suburb DC area in Maryland, and look to invest outside my area. My criteria are up to $70K and mainly focus on cash flow, then do BRRRR. Ohio is one of the prospective areas, I did some research for Cleveland. Are there any other potential cities besides Cleveland?
I m thinking to visit the prospective cities. I look forward to learning suggestions.
I also look to connect with a mentor, realtor, prop manager in the area.
Outside of Cleveland you'll probably want to look at Toledo, Akron, Canton, Youngstown, Cincinnati & Columbus.
Hi @James Wise I read the article you wrote about the ultimate guide to Cleveland neighborhood. It's awesome information there. thank you.
Post: New Investor looking to invest in Ohio
- New to Real Estate
- Rockville, MD
- Posts 20
- Votes 20
Quote from @Jimmy Lieu:
Quote from @Bagus A.:
Hi all I am a rookie investor, almost finish my rookie boot camp with BP.
I live in a suburb DC area in Maryland, and look to invest outside my area. My criteria are up to $70K and mainly focus on cash flow, then do BRRRR. Ohio is one of the prospective areas, I did some research for Cleveland. Are there any other potential cities besides Cleveland?
I m thinking to visit the prospective cities. I look forward to learning suggestions.
I also look to connect with a mentor, realtor, prop manager in the area.
Hi Bagus, 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. As a local investor and agent here in Columbus, let me know if you have any questions or want to connect!
This is great !! thank you . yes I'd like to connect with you.
Post: New Investor looking to invest in Ohio
- New to Real Estate
- Rockville, MD
- Posts 20
- Votes 20
Quote from @Brittany Minocchi:
Hey @Bagus A.!
Ohio is a great place to invest in general, and Cleveland is a popular market. I would also suggest checking out Akron and Canton (I personally invest in Canton and favor cash flow) -- you should have decent luck finding properties in all three areas at your price point.
From a lending standpoint, be aware that if you plan to refinance with a DSCR loan once rehab is complete, most lenders have a minimum loan amount of $75-$100k and want to see somewhere around 20-30% down depending on the scenario.
Hi @Brittany Minocchi thank you !! I will look into the areas you suggest.
Post: New Investor looking to invest in Ohio
- New to Real Estate
- Rockville, MD
- Posts 20
- Votes 20
Quote from @Joshua Janus:
Quote from @Bagus A.:
Hi all I am a rookie investor, almost finish my rookie boot camp with BP.
I live in a suburb DC area in Maryland, and look to invest outside my area. My criteria are up to $70K and mainly focus on cash flow, then do BRRRR. Ohio is one of the prospective areas, I did some research for Cleveland. Are there any other potential cities besides Cleveland?
I m thinking to visit the prospective cities. I look forward to learning suggestions.
I also look to connect with a mentor, realtor, prop manager in the area.
Cleveland, Ohio is a great market to focus on for cash flow and specific pockets have gone up 2x and upwards of 4x in the last 5-10 years even!
Examples:
44109 (median home price went from roughly 50k to 125k in 8 years)
https://www.zillow.com/home-values/77009/cleveland-oh-44109/
44102 (median home price went from roughly 30k to 120k in 8 years)
https://www.zillow.com/home-values/77002/cleveland-oh-44102/
44106 (median home price went from roughly 100k to 200k in 8 years)
https://www.zillow.com/home-values/77006/cleveland-oh-44106/
It has the highest rents on average in all of Ohio for major cities and the median income is not even in the top 3. That creates a really nice price / rent ratio which is favorable for investors looking for cash flow. The median home price is also very low nationwide which creates a low barrier to entry. You can get solid cash-flowing single families in the 90-120k price range and duplexes in the 130-180k price range. There are cheaper one’s in D/F areas but I would be careful as those can create a laundry list of additional issues. In 2022 the rents increased 12.1% year over year which was the 3rd highest in the entire country per https://www.axios.com/local/cleveland/2023/02/14/cleveland-rent-prices.
Here are pockets I focus on for cash flow:
West side - West boulevard, Cudell, Clark-Fulton, Jefferson, Bellaire-Puritas, Old Brooklyn
East side - Fairfax, Buckeye-Shaker (the north side), Waterloo Arts District, Garfield Heights, Maple Heights, Newburgh Heights, Lee-Miles (the north side), Bedford
Here are the areas that I focus on for appreciation:
West side - Lakewood, Edgewater, Old Brooklyn, Ohio City, Tremont (above 490)
East side - Buckeye-Shaker (the north side), Waterloo Arts District, Fairfax
*I have a graded neighborhood map of these areas as well if you would like to check it out.
Hi @Joshua Janus this is great information, surely I will go deeper to areas you mentioned. Thank you.
Post: New Investor Looking to Invest in West Virginia
- New to Real Estate
- Rockville, MD
- Posts 20
- Votes 20
Hi all I am a new investor.
I live in a suburb DC area in Maryland, and look to invest outside my area. West Virginia is the state nearby and I want to know more about its prospect. I also look to connect with investors, realtors, and prop managers in the area, to learn more insight about the market. My goal mainly focuses on cash flow with some appreciation. I look forward to hearing anyone who has experience with WV market.
Post: New Investor looking to invest in Ohio
- New to Real Estate
- Rockville, MD
- Posts 20
- Votes 20
Hi all I am a rookie investor, almost finish my rookie boot camp with BP.
I live in a suburb DC area in Maryland, and look to invest outside my area. My criteria are up to $70K and mainly focus on cash flow, then do BRRRR. Ohio is one of the prospective areas, I did some research for Cleveland. Are there any other potential cities besides Cleveland?
I m thinking to visit the prospective cities. I look forward to learning suggestions.
I also look to connect with a mentor, realtor, prop manager in the area.
Post: New Investor Looking to Invest Prospect in and West Virginia, Pittsburgh,& Cleveland
- New to Real Estate
- Rockville, MD
- Posts 20
- Votes 20
Hi all, I am looking to connect with anyone, investor, or realtor, who has insight about investing somewhere in Midwest perhaps Pittsburg, Cleveland, and also West Virginia. I live in Maryland and looking to invest outside my area with a range price of up to $100K, and produce good cash flow. West Virginia is nearby, but have not seen many posting related to it. Appreciate anyone who can share thoughts about West Virginia, Pittsburg or Cleveland.