All Forum Posts by: Elisha Johnston

Woah, sorry for the late reply but this is actually such a good thing to know - thank you for letting me know! I had seen this before but didn't actually think about it (didn't expect I would have the privilege of becoming a doctor) so I'm definitely gonna use this as an option. The zero down is amazing. And this makes sense - my first property will, almost guaranteed, be a multi-family. I don't plan on having kids for a while so at least for the next 4-6 years a multi-family is plenty. Thank you for the advice!

0 Votes

Worcester, Massachusetts

Hi everyone!

I'm an incoming medical student at UMass Chan School of Medicine (Worcester, MA). I've also been quite interested in real estate and am looking to work with my parents to potentially do a househack. My fiancé will likely be working in Boston so I've been looking at deals somewhere in between Worcester and Boston. As someone who doesn't have too much experience in any MA markets, how are the multi-families out there? Wondering if there's any possibility for househacks with positive cashflow in any of those areas. Willing to do a bit of work on a property but most likely it will be somewhat turnkey. If the markets are too saturated, I could just rent for a year or so and keep an eye out or something as well.

Appreciate any help!

Elisha

0 Votes

Worcester, Massachusetts

Quote from @Brittany Minocchi:

Cleveland will have a lower cost of entry and higher cashflow, Columbus a higher cost of entry but probably a good mix of cash flow and appreciation. I will say I've done far more loans for people, the majority of them out of state investors, in Cleveland. You should definitely be able to find decent multifamily properties for under $200k, and multifamily would be my suggestion for starting out if you can swing a larger down payment (depending on loan type, you MAY need 10% more for a multifamily vs a single family, but not always). That way if you have vacancy in one unit, you still have the other that can at least cover some or all of your expenses.

Happy to answer any questions you have, feel free to reach out whenever!

Thank you for the advice! Following up over the inbox.

0 Votes

Cleveland, Ohio

Hi everyone! Just started my first W-2 job out of college and getting into real estate. Currently living in Los Angeles but I visited San Antonio for the first time in many years, and it definitely seems much more lively and developing than many other places I've been to. I also just did a brief search and found some pretty good deals in terms of cash flow. How has everyone else's experiences been in San Antonio? I'm currently looking at investing in Cleveland where you can get up to 30%+ COC returns, and a bit into Columbus OH where appreciation is big as well. I'd love to consider investing in San Antonio if there is similar cash flow! Also curious about cost of entry into the market.

2 Votes

San Antonio, Texas

Quote from @James Wise:

Quote from @Elisha Johnston:

Hi everyone!

Just started working my first W-2 job out of college and looking to start investing ASAP. I've got some family connections to the Cleveland and Columbus area and am wondering if anyone knows if these are good markets to start off in? I'm looking to start off in areas with lower costs coming in, preferably under $100k single families but definitely under $200k.

If you're looking at Cleveland, I suggest reading The Ultimate Guide to Grading Cleveland Neighborhoods to get yourself an understanding on the market.

thank you! I'm taking a look at this now.

1 Vote

Cleveland, Ohio

Quote from @Michael Smythe:

@Elisha Johnston contact RL Property Management about the Columbus market.

Contact @James Wise about Cleveland.

A good/great PMC will know more about the rental market than the majority of agents!

thank you! Reached out to James.

0 Votes

Cleveland, Ohio

Quote from @Account Closed:

Hi, Ohio is a great place to invest in real estate. My clients from all over the world will definitely agree please reach out if you have any questions. Best Wishes!

thank you!

1 Vote

Cleveland, Ohio

Quote from @Jimmy Lieu:

Quote from @Elisha Johnston:

Hi everyone!

Hi Elisha, congrats on the new job! Here in Columbus, we're still seeing deals here that hit the 1% rule with positive cash flow and lots of potential for appreciation. As an investor myself, I moved here from Portland OR because of the strong macroeconomics of the Columbus market. The job market is strong due to major companies moving and developing here like Intel, Amazon, Google, etc. and there's a steady population growth and strong rental demand. You can find rentals at $120k-$180k price points. And the rules are also very landlord-friendly. Happy to connect and answer any questions you may have.

Ok great to know, thank you! I’ll reach out if I take a deeper look at the Columbus market.

0 Votes

Cleveland, Ohio

Quote from @Crystal Jontony:

Cleveland is an excellent market to invest in real estate. The buying is very low, rents are great and there’s no shortage of tenants. I work with many out of state investors. I’d be happy to answer any questions you have or help you with any thing you need as far as property management, contractors or Boots on the ground.

Ok thank you! I will reach out when I come back from traveling and start looking at the area.

0 Votes

Cleveland, Ohio

Quote from @Golan Corshidi:

hey Elisha, I live in San Francisco and just bought a triplex and Cleveland for 140k that's cash flowing well. I think there are some good deals out there. Consider doing section-8 if you end up buying in some of the rougher areas.

That’s actually very similar to what Im trying to do, I’ve heard a number of good things with section 8. Could I follow up via inbox? Definitely curious about your approach to this

0 Votes

Cleveland, Ohio

All Forum Posts by: Elisha Johnston

Elisha Johnston has started 4 posts and replied 19 times.

Post: Curious about the Worcester, MA and surrounding markets

Post: Curious about the Worcester, MA and surrounding markets

Post: Cleveland and/or Columbus area

Post: Questions about the SA Market

Post: Cleveland and/or Columbus area

Post: Cleveland and/or Columbus area

Post: Cleveland and/or Columbus area

Post: Cleveland and/or Columbus area

Post: Cleveland and/or Columbus area

Post: Cleveland and/or Columbus area