All Forum Posts by: Jamar Brown

Hi @Justin Carter! I have several clients investing in each of those areas you are looking in. If you are mostly interested in cash flow Ohio is a great market. I have seen a lot of 2-4 unit properties for reasonable prices, that generate great cash flow. I would pick a market you are most comfortable in and move forward from there. 

A couple of thoughts.

In terms of cash flow, Toledo is insane. The issue with this area is that these properties will do very little for appreciation. However, even in this interest rate environment some of these properties still have a positive cash flow of $1,000+ a month. 

Cleveland will have less cash flow, but a higher chance that the properties will increase in value over time. 

Detroit is very hit-or-miss. If you do not know this area I would suggest a different place. Also, a lot of lenders don't lend in Detroit, so be cautious of that. 

St Louis is a great market for fix and flips. For rentals and looking for cash flow I would suggest a different area.  

A place that isn't super common or known that I have a few clients that have found success is the suburbs of Philadelphia which is a lot closer to you as well. May be worth looking into. Chester, Wilmington, etc. Lower value homes, good cash flow. 

 There is more than just Ohio State University Here. Here are a few:

OSU - 43201, 43202

Dennison - 43023

Capital - 43209

Columbus State - 43215

Devry - 43219

ODU - 43219

OSU Newark - 43055

Otterbein - 43081

These areas still have housing demands. These are all the ones within maybe 30 minutes off the top of my head but there are nursing schools here, other ones as well. Hope that's a good start for you! 

@Jamar Brown you've got some good comments above but the gist of what you are asking is what we ALL ask - how do I acquire real estate without the 20%-25% downpayment? And that's why those other strategies exist. The BRRRR Method for example. Or House Hacking. Or doing "subto" deals, etc. All of those "alternative" strategies are there because even if you did have 25% down...how many properties could you acquire? One? Two? The other methods allow us to purchase many, many properties. So, that's where I would tell you to spend some time researching.

 Not understanding, you need DP  PP and reno ?

I invest in Columbus RE, huge growth to come from recent additions to the tech sector (google, intel, amazon, honda, and many start ups). Plans to were announced last month to invest $2B into the cities airport in anticipation of the population/business travel growth. It's still early to get in!