All Forum Posts by: Ray Loveless

@Mike Lowery - Yeah, if I lived in the mid west I'd be all over that.  Sounds like I need to buckle down and focus on one city.  From listening in on the BP podcast I need to just decide and build a team. and focus.  what do single family family rentals have over multi family( say 4 plex units).  do you prefer single family?

@John Lenhart -  I'm looking for mostly yield(monthly cash flow) but I would also like a little appreciation,  I just don't want depreciation or even worse I wouldn't to be lowering my rents over time.  I would prefer to buy and hold.

@Sarah Wheeler -  Columbus look like it's growing and may be a good option.  It seems like property appreciation is directly linked to city population growth.

Thanks for replies @Michael Seeker, @Josh Eitingon and @Account Closed.  In your respective markets, have you seen rents increase or decrease over the last 5-7 years?

Thanks again. I'd like to eventually buy a 10 to 20 multi unit building... However single family homes seem to be fairly affordable and could spread out my risk. I may want to purchase some smaller units so I don't get caught with a 20 unit lemon.  still deciding...

Hi,  I currently own 2 four-plex units in my market that have appreciated but aren't cash flowing very well.  They would sell for about 475K each.  I'd like to sell one of these units(possibly both) and buy somewhere in the mid-west that would would cash flow better.   

With the limited time I have to search, st Louis and Cleveland Ohio have caught my eye due to the available properties and the cash flow, however being near riots and a city that is slowly loosing population are giving me second thoughts.  I'd prefer to invest somewhere where there will be good growth(rents increasing) and where I can also get good cash-flow.   I know getting the best of both worlds could be very hard and I find myself turning in circles analyzing areas.   

Do you guys have any recommendations?  

@Shannon Collins, yes, it appears there are more listings in Akron and Cleveland. I'll probably start looking there.  Thanks!

Thanks for all the replies.  @Mark Ferguson : Do you know if there is any special city or state rent taxes as well ohio?  I hear that the city or the state has some special taxes.   @Brandon Turner may know.

@James Wise : thanks for the information on the housing judge. Any Particular cases we should know about?

I'm currently looking to buy a multi family property(10 or 20 units) out of state to get some better cash flow.  I was thinking about Ohio.   After some quick google searches Ohio isn't coming back as one of the top land lord friendly states.  Should I avoid Ohio for this reason.  Are there any tough tenant friendly laws I should be aware of.  is it tough to evict? etc. Any experience here. 

   Thanks!