All Forum Posts by: Marc Rice

 I always recommend investing in areas with an increasing population. Cheap doesn't mean VALUE. Lots of people I know are looking in the midwest states due to low price points + growing populations. You may want to keep checking markets before you decide.

If this is your first purchase, I would NOT use an FHA loan but instead use a portfolio lender who allows 1-3% down on a duplex with no PMI. You can then ask the seller to pay a 2-6% seller credit towards your closing costs, escrows, and prepaids to further reduce your cash. In general its good to have reserves needed for your initial repairs + 6 months of mortgage reserves. You shouldn't need more than $10-15k if done right.

 Cleveland has a surplus of vacant buildable land because the city is knocking more and more houses down. The population is decreasing. I'd be careful unless you're buying in a hot area with a high rate of new homes being built and frequent sales.

Hi Vivek, for cash-flow you can consider the Cleveland and Dayton markets in Ohio. For appreciation, buy & hold, Columbus Ohio is a better option

Hi Anthony, you can try Columbus OH as it has a steady appreciation rate of 3-5% yearly. On my BP profile you can learn more about my experience in Ohio and resources I have in the local area. Please let me know if you have any questions or if I can help with anything.

Hey Justin, I’ve been doing real estate here in Ohio since 2018. On my BP profile you can learn more about my experience in Ohio and resources I have in the local area. Please let me know if you have any questions or if I can help with anything.

Hi Noah, the Midwest has some good options like Columbus, Cleveland and Dayton. You can learn more on these markets from my profile. You will need a good contractor, lender, agent and property manager (for any market)

Hi Natalia, when considering BRRRR's, you need to have a good team of GC, PM, lender and realtor. I am an investor-friendly Realtor and investor in Columbus, OH, but I also serve in Cleveland. On my BP profile you can learn more about my experience in Ohio and resources I have in the local area. Please let me know if you have any questions about Columbus or if I can help with anything.

Hi Tresor, I am an investor-friendly Realtor and investor in Columbus and also serve Cincinnati, Dayton & Cleveland. On my BP profile you can learn more about my experience in Ohio and resources I have in the local area. Please let me know if you have any questions about Columbus or if I can help with anything.

Hi Sushree, I recommend Columbus as it has a steady 3-5% yearly appreciation growth rate. I can share my go-to contacts with you for lenders, GC etc. Let me know if you need anything