All Forum Posts by: Marc Rice

@John Lyszczyk

Great post!

@Tonye Jack

You can make a lot of money in both markets. It just depends what your long term goals are and if you want appreciation for wealth creation (Columbus) or strictly cash flow with more headaches (Cleveland).

@Wendell Butler

Yeah, it has the top 10 GDP in the USA as well.

@Grayson Lynum

You can get Blink cameras for pretty cheap but the tenant probably won’t want that. You could require renters insurance from the tenant and upgrade your locks. You could also require the tenant to subscribe to a security system.

There’s many ways to deter break ins, even just basic yard signs that say “secured by XYZ security” and putting up a fake camera can do wonders.

@Wendell Butler

I grew up in south coats MA and it is expensive all in the New England. I’m currently out in Columbus, Ohio and the prices and rents are much more favorable and a lower cost to entry. Combined with the appreciation it’s great. I’d recommend finding a market that is growing, instead of just strictly cash flow.

@Jonnathan Agudelo

Bridge Title is great for all real estate transactions.

@Kyle J.

I’ve seen a lot of clients buy out of state in Ohio from California but they still reside there. A lot of people love it but want to own real estate elsewhere.

@Kareem Johnson

I cannot speak much to Alabama but Columbus, Ohio has been a great market for me and is growing at a great pace.

All buyers vary, but most want 8-10% CoC or 7-8% cap rate minimum. It depends on what other options you have to invest in really.

@Seth Dailey Where in the Midwest are you looking for your first apartment building?