All Forum Posts by: Joy McQueary
Joy McQueary has started 4 posts and replied 28 times.
Post: Multifamily // Cash Flow & Appreciating Markets
- New to Real Estate
- Posts 31
- Votes 12
Quote from @Samuel Diouf:
I would first decide on whether you want appreciation, cashflow, or a mix of both. If you want cashflow.. look for markets with low entry prices and higher rent averages. If you want appreciation, identify markets with expanding industries, positive growth trends, and bright economic forecasts.
Columbus, Ohio is a great market to consider if you're looking for appreciation markets that still cash flow. I moved here from Florida after seeing the expansive growth in the Columbus market.
There are multiple billion dollar companies dumping money into the city, such as Intel, Google, Honda, and Amazon. This is causing a huge influx of people moving here for jobs. And a lot of start-up companies are migrating to this city as well because of the OSU campus that has thousands of talented students graduating and looking for positions locally.
This is really helpful. Thank you! What markets would you say have low entry prices and higher rent averages
Post: What markets are appreciating?
- New to Real Estate
- Posts 31
- Votes 12
Quote from @Dennis McNeely:
Hi @Joy McQueary - you can find a breakdown of rental rate increases by state online, and here's where to find a list of the hottest multi-family markets.
Hopefully this is useful for your purposes.
This is really helpful! Thank you so much
Post: Seeking a private money or hard money lender
- New to Real Estate
- Posts 31
- Votes 12
Quote from @Mark Wright:
Quote from @Richard Pennington:
Close to putting up earnest money with a closing attorney in the state of North Carolina. I have a property I am extremely close to closing on with a 275k asking price I just need a concise conversation with a hard lender or private so I can assign my contract with the seller. Serious inquiries only for this property in Durham NC due to the fact I have an engineer report from the owner, 1 year old appraisal, Comps done, ARV above 600k, and a contract ready to be signed
We can help you with this. Let's connect and discuss!
Post: Multifamily // Cash Flow & Appreciating Markets
- New to Real Estate
- Posts 31
- Votes 12
Quote from @Pete Krusinski:
Welcome to real estate investing! It looks like you're taking the right steps by identifying a promising market. As someone born and raised in Cleveland, I've witnessed the tremendous growth in Northeast Ohio firsthand. Given your criteria, Cleveland presents an excellent opportunity. You can find fantastic properties that fit various investment strategies, whether it’s securing a multifamily property that offers attractive cash flow or opting for areas with significant appreciation potential. In neighborhoods on the West like Old Brooklyn, Clark Fulton, and West Boulevard, I have seen properties yielding 10% and higher cash-on-cash returns. On the east side, places like University Heights, South Euclid, and Shaker Heights are B-class areas where I recently facilitated a deal yielding a 9% return and that property will see solid appreciation. While I could elaborate on numerous other areas, these highlights should give you a good starting point for your investment journey in Cleveland. If you have any questions feel free to reach out!
This is super helpful! I'm going to look more into Cleveland. Do you have an idea of average price points/rents (lets say for a 1/1)?
Post: What markets are appreciating?
- New to Real Estate
- Posts 31
- Votes 12
What are your tips on finding and evaluating areas to purchase? What are the current markets you recommend and why?
I've been doing some research on multi-family properties and trying to get a grasp on trends. Where have you see multi-family units appreciating and increasing in rental cash flow? What markets have been stable for multi-family w/consistent strong rents?
Post: Multifamily // Cash Flow & Appreciating Markets
- New to Real Estate
- Posts 31
- Votes 12
Quote from @Jaycee Greene:
Hi @Joy McQueary! What type of properties are you looking to add to your portfolio? SF, 2-4 MF, or 5+ MF? And what is your price point and are you looking for turn-key properties or something along the lines of a "fixer upper"?
Hi Jaycee! Multi-family (1-4 units). Turnkey on a long-term. And $200,000-$1M. I want to know what markets are appreciating and showing good rental numbers
Quote from @Jennie Berger:
Hello,
I am in the market as a first I in the market as a first time investor. My goal is to begin building my portfolio before the end of the year with my first transaction and eventually work with others to build out there's as well.
I would like to connect and build a professional relationship with a private lender who is looking for an investor that looking to acquire and hold several properties. And continue expanding and diversifying their portfolio. I hope that we can support each others real estate goals.
Right now, I am looking to begin with a multi-family unit and have been working with brokers in DC and Chicago for a deal. There are several really good ones in Chicago and would love to get the ball rolling if the numbers make sense.
I was considering DSCR but am also interesting in fix-and-flip (or hold) loans.
Would love to hear from you!
- Joy McQueary
Hey Joy!
Out of curiosity - where are you located? I'm in Chicago and noticed you are interested in investing here. If you're local to the area, let's connect in person to see how we can help each other. Welcome to BP! :)
-Jennie
Hi Jennie! Sorry for missing this. I'm not local to Chicago but I would love to hear more about your work and experience in Chicago if you ever wanted to jump on a phone call :)
Post: Multifamily // Cash Flow & Appreciating Markets
- New to Real Estate
- Posts 31
- Votes 12
First time investor here! I am in the research process for a multi-family unit. My primary goal is cashflow so looking for an asset that works and is also in a growing area.
What are your tips on finding and evaluating areas to purchase? What are the current markets you recommend and why?
Quote from @George Peng:
Hey Joy!
Just seeing if you found a private lender in DC yet?? I help investors find properties in DC/MD/VA but I have some private lenders that have worked with my investors in the area. Please don't hesitate to reach out!
Hi George, I am only looking for private lenders now. I'd appreciate any recommendations
Quote from @Charlene Livers:
I would love to work with you, Joy. Let's connect!
Sending you a message!