All Forum Posts by: Masood Amin

@Masood Amin I have a great program in mind that would be a great fit for you. I found a lot of successs with it. 

 Cash flow and appreciation is hard to find but it exists. Columbus you can cash flow and see appreciation but your cash flow will be less compared to cities like Detroit and Cleveland for example. Not to say that Detroit and Cleveland aren’t appreciating but they are at lower pace. Cleveland is 3-5% compared to Columbus is 8%. I’d suggest studying up on different markets and see what every market brings. 

This question is way too broad and you can make it work in almost any zip code. Plus you are going to get a lot of Realtors saying their market is best so they can get the business (sorry, not sorry).

It all depends on what your goals are, how much capital you have, etc. If you are in California, house hacking can be a great strategy (that's what I'm doing). Are you looking to do commercial, residential, short term? 

Think about what you want and work backwards from there.

Plus if you go where everyone else is going, now you are just competing. 

What I've learned over the years is once something is reported as a "hot market," it's likely close to too late. It is a "hot market" because there is data in the past that supports it.

Here is what I recommend: Find desirable areas and invest just outside of it (could be city, state, or even neighborhood). As that area gets priced out, tenants have to go somewhere. 

@Masood Amin What are your goals? It's hard to recommend a specific location without knowing what you are trying to accomplish? 

Example:

1. Are you just about cash flow?

2. Do you want a market that has a better chance than others on appreciation?

3. Why type of properties are you interested in? Single Family, Small Multifamily etc.

4. Are you looking for a long term, mid term or short term rental? Or some combination of those?

The rust belt can look great at first glance because of the cash flow potential, but can be weaker in other areas (I personally own in Michigan). Areas like the Rocky Mountains can do decent on cash flow and very well on depreciation, appreciation and amortization. (Speaking to long term rentals here.) Short term rentals can do great on all aspects including cash on cash. But of course will require a bit more work and higher management fees if using a PM. These things are all manageable. (Note: In the Rocky Mountain region I personally invest in Colorado and Montana.)

Central Ohio

Research Ohio cities, Kansas City, Detroit, etc. There are too many zip codes to possibly list. Just research landlord friendly cities/states where you can cash flow.