All Forum Posts by: KC Elkun
KC Elkun has started 2 posts and replied 10 times.
Thanks. I've read all about the 44111 zip in the Ultimate Guide. I'm looking for more information.
Hey, guys!
Could someone explain to me what's up with 44111 zip area? I mean, it's so different from street to street, right? Where are b, c, d areas? I'm trying to find a nice buy and hold property in this area, maybe as part of brrrrr, but get confused with the various neighborhoods. Thank you!
Post: Looking for referrals and opinions on any city in OH
- Posts 10
- Votes 6
Hi, Sharon!
Are you interested in Cleveland area? If yes, I would recommend Parma on the west, and Mayfield Heights on the east as cash flowing markets. For more info, please pm me, I'd love to help, I'm also from WA state :)
Post: CA resident investing out of state
- Posts 10
- Votes 6
Originally posted by @Austen Mueller:
I'm an agent from PA and we have dealt with a couple out of state investors from CA and NY. I'm biased but I think its a great market right now that will keep appreciating with buyers coming in from New york, Virginia, New Jersey, and Maryland. It a more affordable market right now, worth looking into.
Hi, Austen!
Where in PA are you located?
Best,
KC
Post: Looking for location for my first multi-family investment
- Posts 10
- Votes 6
Originally posted by @Marcus Auerbach:
@KC Elkun compared to where? OOS investing gets hyped up way to much. It is possible, but also difficult and expensive. You loose the home field advantage, you don't know the market, you have to pay people to do things for you and you still don't know if its done well. And you are competing with all the local investors - and you need to out-money them.
Your profile does not say where you live, but if you are in a market that is not one of the top 5 most expensive on the coast, you are probably better off to invest in your backyard. You need a large economic delta between your home market and your target market for the whole thing to make sense and to create a benefit that is larger than the OOS burden.
Milwaukee is a great market, but the question for you is not which market is the best. The question is, which market is the best for you? Where do you have an unfair advantage? (You'll need it!)
And that comes with proximity, familiarity, and contacts. Hope that helps!
That helps a lot, thanks! A very fresh and smart perspective!
I'm from Bellevue, WA. Unable to buy here just yet.
Best, KC.
Post: Looking for location for my first multi-family investment
- Posts 10
- Votes 6
Originally posted by @Dmitriy Fomichenko:
Welcome to BP community! It is a great place to meet new friends and learn about various aspects of real estate and more.
Check out BP Podcasts: https://www.biggerpockets.com/podcast
Wishing you the best!
Hi, Dmitry!
Thank you for the welcoming letter! Do you work for BiggerPockets?
Best,
Ksenya (KC) Elkun
Post: Looking for location for my first multi-family investment
- Posts 10
- Votes 6
Originally posted by @Rob Bergeron:
Originally posted by @KC Elkun:
Hey, all!
I'm about to buy my very first single family or a multi-family. Looking for cash-flow, mainly, and also buying more houses in the same area. Here are my ideas for places to invest, based on my market analysis. Which one of these places you'd suggest and why? This info would be super-helpful for me! Thank you in advance!!
Cleveland, OH
Memphis, TN
Louisville, KY
Milwaukee, WI
Little Rock, AR
Happy to jump on a call to discuss the Louisville, KY market. David Greene and Brandon Turner are big fans.
Hi, Rob! Thank you!!
Post: Looking for location for my first multi-family investment
- Posts 10
- Votes 6
Originally posted by @James Wise:
Originally posted by @KC Elkun:
Hey, all!
I'm about to buy my very first single family or a multi-family. Looking for cash-flow, mainly, and also buying more houses in the same area. Here are my ideas for places to invest, based on my market analysis. Which one of these places you'd suggest and why? This info would be super-helpful for me! Thank you in advance!!
Cleveland, OH
Memphis, TN
Louisville, KY
Milwaukee, WI
Little Rock, AR
I don't get into the this market is better than that market stuff, but I saw Cleveland, Ohio was on your list. If you're doing research on Cleveland you'll want to check out The Ultimate Guide to Grading Cleveland Neighborhoods.
Now that was super-helpful!!! Thanks, James!! Highly appreciated!
Post: Looking for location for my first multi-family investment
- Posts 10
- Votes 6
Originally posted by @Monica Bynum:
@KC Elkun, Hello! Memphis would be a good place to invest and I'm a local realtor here. Let me know if I can help.
Oh, great, thank you, Monica!
Post: Looking for location for my first multi-family investment
- Posts 10
- Votes 6
Hey, all!
I'm about to buy my very first single family or a multi-family. Looking for cash-flow, mainly, and also buying more houses in the same area. Here are my ideas for places to invest, based on my market analysis. Which one of these places you'd suggest and why? This info would be super-helpful for me! Thank you in advance!!
Cleveland, OH
Memphis, TN
Louisville, KY
Milwaukee, WI
Little Rock, AR