All Forum Posts by: Najma Osman

Hi @Emily Holbrook, I have to agree with you in that BP is a great place to network and learn! Excited for your purchase and decision to move out of state. I think its great, it forces you to be more of an investor than a landlord. 

Have you considered investing in other states? I personally focus my investments in Columbus, which has seen a significant increase in property values and is expected to continue this trend in the future. This is due in large part to major corporations like Intel, Honda, Nationwide Children's Hospital, and Wexner Medical Center investing heavily in the region and creating numerous job opportunities. 

Hi @Andrew Potievsky, 

I invest locally in Columbus, Ohio and I think we have a great market of appreciation and cashflow. It's a great time to buy now as many new jobs are being created from large expansions by companies such as Intel, Honda, Amazon, Nationwide Children's hospital and Wexner Medical Center. It is also home to Ohio State which has 60,000+ students. Cleveland is another great option here as it is consistently known as a top market for cash flow with opportunities to get in at a low PP.

Hi @Colyn Blackford, I can send some over!

Hi @Ryan Evans, I would start with a good investor-friendly agent in the area. They should have good referrals for property managers, contractors, and lenders. From there, you should do your best to vet them and make sure their work style fits with yours. I can definitely share some of my  contacts!

Hi @Matt Howard - Percussion, welcome to bigger pockets. I think you're in a great position to start investing, you just need to begin by deciding your goals. Are you focused on building your income with more cash flow every month, or is your goal to build wealth through long-term appreciation? After you have your goals mapped out for the next 5-10 years, you should decide on a market with strong economic fundamentals, such as job growth, population growth, and low unemployment rates. If you're looking for cashflow I would suggest looking into cities like Cleveland, Ohio. I invest locally in Columbus and I think we see great appreciation with many more developments and jobs coming to the market. 

Next develop your core 4 and begin investing. The core 4 is David Greene’s long-distance investing strategy and consists of a realtor, contractor, property manager, and lender. Once you have this team in place, you should be able to invest in any market confidently.

Hi @German Tapia, 

If you are looking at oos investing, Columbus Ohio could be a great option. Columbus has seen great appreciation with many new jobs being created from large expansions by companies such as Intel, Honda, Amazon, Nationwide Children's hospital and Wexner Medical Center. It is also home to Ohio State which has 60,000+ students.

Hi @Tony Phan, 

I invest locally in Columbus, Ohio and I think we have a great hybrid market of appreciation and cash flow. However, if you plan to fund the deal in cash, 100K is too low and you may want to consider a city like Cleveland with  much lower price points.

Hi @Neil Patel, 

I would also recommend investing in an area in the Midwest that will provide a better return on your investment. You can then use that cash flow to fund your stay in California. I invest locally in Columbus, Ohio and I think we have a great market for appreciation and cashflow. 

Hi @Wendy Lacey, 

Where in the midwest are you looking to invest in? I invest locally in Columbus, Ohio and I think we have a great hybrid market for appreciation and cashflow. 

While it is always better to start investing in your backyard, you can ultimately invest out of state for a better market and returns. I think this is awesome, it forces you to really be an investor instead of a landlord. When considering OOS investing, look for markets with strong economic fundamentals, such as job growth, population growth, and low unemployment rates. This can help ensure that there is a demand for rental properties in the area.

It does not matter where you start as long as you develop your Core 4. The core 4 is David Greene’s long-distance investing strategy and consists of a realtor, contractor, property manager, and lender. Once you have this team in place, you should be able to invest in any market confidently.

When vetting homes that are out of state, it's important to work with a trusted agent who has experience in the local market. They can provide valuable insights about the property, its condition, and the local rental market.