All Forum Posts by: Miguel Suarez
Miguel Suarez has started 3 posts and replied 39 times.
Post: I'm Planning To Buy A House Out Of State early 2024 (any suggested states to invest?)
- Santa Ana, CA
- Posts 39
- Votes 57
Quote from @Zachary Ware:
I would look for states that are landlord-friendly and cities with a wide variety of employment sectors, growing cities/states as well. Many seem to find good cashflow in Ohio which is what I would be looking for as a newer investor. Cash flow is important to have at the base of your portfolio.
Thank you Zachary,
I will look into Ohio areas, thanks for that information :)
Miguel Suarez
Post: I'm Planning To Buy A House Out Of State early 2024 (any suggested states to invest?)
- Santa Ana, CA
- Posts 39
- Votes 57
Quote from @Michael Smythe:
We’re so committed to the Metro Detroit area, we created a "Deep Dive" series here on our BiggerPockets blog about Metro Detroit cities, City of Detroit Neighborhoods and comparing Metro Detroit to other hotspots investors usually consider:
https://www.biggerpockets.com/member-blogs/3094/99854-deep-dive-into-metro-detroit-cities-ecorse
We're not aware of any other property manager, agent, turnkey provider, flipper or wholesaler that's made the commitment to do this!
Our analysis is a template you can follow for any city, but doubt you'll find this much info for any other market in the US.
How can we assist you further?
Thank you Michael, I will definitely look into it. I have heard a few others mention Detroit area as well.
Thanks,
Miguel Suarez
Post: I'm Planning To Buy A House Out Of State early 2024 (any suggested states to invest?)
- Santa Ana, CA
- Posts 39
- Votes 57
Quote from @Brittany Minocchi:
Another vote for Ohio! I have a few MFHs and a SFH in Canton that do very well with cash flow, which is my main focus right now.
Nice! So many votes on Ohio, I will definitely look into Canton. Thanks for the post :)
Post: I'm Planning To Buy A House Out Of State early 2024 (any suggested states to invest?)
- Santa Ana, CA
- Posts 39
- Votes 57
Quote from @Evan Hopple:
@Miguel Suarez
I invest in Columbus OH, huge growth to come from recent additions to the tech sector (google, intel, amazon, honda, and many start ups). Plans to were announced last month to invest $2B into the cities airport in anticipation of the population/business travel growth. Happy to help if you have any questions!
This is great news! I will look into that area, thanks for that information. Very useful! :)
Post: I'm Planning To Buy A House Out Of State early 2024 (any suggested states to invest?)
- Santa Ana, CA
- Posts 39
- Votes 57
Quote from @Travis Biziorek:
Quote from @Miguel Suarez:
Quote from @Travis Biziorek:
Hey Miguel, I'm also in California but my rental portfolio is in Detroit (12-doors).
I'm a big advocate of that market and still believe it offers the best risk-adjusted returns today.
Lots of folks are still writing off Detroit but more and more are waking up to the opportunity there. The city is undergoing massive revitalization and investment.
Hi Travis,
That is amazing! I was looking into Detroit as well, any specific areas in Detroit that I should look to invest in and which areas I should avoid? Do you know of any real estates agents that can help me to find homes that I could invest in?
I also read that you are self-managing all the properties you have. 100% props to you. I would love to do the same thing when I get to your level.
Miguel Suarez
Hey Miguel, thanks man! Yes, I have answers to all of this but they are for too lengthy for a forum post. Happy to talk and point you to some resources if you're looking in the Detroit market.
Post: I'm Planning To Buy A House Out Of State early 2024 (any suggested states to invest?)
- Santa Ana, CA
- Posts 39
- Votes 57
Quote from @Gloria N Gear:
I would be happy to have a conversation about Indianapolis. Very landlord friendly, low taxes, stable diverse economy, population growth.
Hi Gloria,
Thanks again for reaching out, I will be talking to you very soon.
Miguel Suarez
Post: I'm Planning To Buy A House Out Of State early 2024 (any suggested states to invest?)
- Santa Ana, CA
- Posts 39
- Votes 57
Quote from @Travis Biziorek:
Hey Miguel, I'm also in California but my rental portfolio is in Detroit (12-doors).
I'm a big advocate of that market and still believe it offers the best risk-adjusted returns today.
Lots of folks are still writing off Detroit but more and more are waking up to the opportunity there. The city is undergoing massive revitalization and investment.
Hi Travis,
That is amazing! I was looking into Detroit as well, any specific areas in Detroit that I should look to invest in and which areas I should avoid? Do you know of any real estates agents that can help me to find homes that I could invest in?
I also read that you are self-managing all the properties you have. 100% props to you. I would love to do the same thing when I get to your level.
Miguel Suarez
Post: I'm Planning To Buy A House Out Of State early 2024 (any suggested states to invest?)
- Santa Ana, CA
- Posts 39
- Votes 57
Quote from @Logan Fraser:
NE Ohio is a good market, with many opportunities with the right agent/ Property manager. I suggest looking into KMLK Property Management; you won't be disappointed; they are the best at what they do.
Thanks, I did hear that Ohio is a good market, I have two friends who have live in California as well and have multiple homes in Ohio. I will definitely look into KMLK Property Management when I decided which state to invest in. Thanks again for the information.
Miguel Suarez
Post: I'm Planning To Buy A House Out Of State early 2024 (any suggested states to invest?)
- Santa Ana, CA
- Posts 39
- Votes 57
Hi everyone,
I am new to this forum. I have listened to Bigger Pockets for quite some time now and finally decided to get on here because I current own a home in California, but I want to buy a 2nd house out of state. I was thinking Arkansas, Ohio, Indiana, or Michigan. If anyone else has suggestions on states they have rental properties and is working well, please let me know. I would like to start buying a rental property in early 2024. I just wanted to get started to choose a state, starting looking at it more and hopefully start to talk to get approved for a loan and start to talk to a real estate agent.
Thanks,
Miguel Suarez