All Forum Posts by: Robert Ellis

Hello BP Members and Happy New Year!!! I'm excited to share that I just purchased my first SFH in MO!!!! I was very nervous but finally decided to pull the trigger. I was in the paralysis mode for about 8 months. Anyhow, it feels good to have finally done it. Now I'm determined to keep the snowball rolling. I wanted to give you all a big thanks for being here and helping us all with many questions/concerns.

My next goal is to purchase a 2-4 units in OH or IN :)  . Are there any RE friendly agents here wiling to help me get started?? Can anyone recommend any agents/companies you have worked with?

Thank you all and let this year be better than last.

I’m interested in finding advice, topics, articles, videos, etc on the topic of private money. I understand the basic concept, and how to raise it, but want to get detailed information on some of the options of structuring the agreement. How to determine the length of the agreement, the interest rate, payment amount & frequency, how to “insure” the private loan (with a promissory note or other options). I'm interested in the different approaches of buy & hold, and fix & flip, but mainly the buy & hold route.  I thought I had found an article on BP at one time, but cannot locate it now. I appreciate any advice and help directing me!

I am looking to invest up to $200K cash in apartment buildings anywhere in the US.  I am struggling to down select markets to build relationships in so I can get deal flow.

In 2008 David Lindahl published "Emerging Real Estate Markets" and in that book he says "one of the best places to find forecasted job growth is from the US Census.  Go online to the Bureau of Labor Statistics, and search for forecasted job growth".   I did this and could not find any forecast data by location as David suggests.  I contacted the US Census and they told me they do not have this data.  Does anyone know why David would have said this works when it clearly does not?  I find it hard to believe that the data was offered in 2008 and is not provided now.  

The US Census was kind enough to point me to State population growth projections here:  https://www.census.gov/programs-surveys/popproj/gu...  I am interested in Ohio so if I select that link I find projections by county.  I was hoping for something by city but this data is not bad I guess.  I am interested in Cincinnati and this data suggests a slight population decline in Hamilton county between now and 2020 where Cincinnati is located.  

If anyone has any recommendations on how to find good data to support which markets I should buy apartment buildings in I am all ears.  Is there anyone in industry conducts analysis and creates reports?  I would be willing to pay if they are good.   

Thanks,  Gabe

Greetings, I'm looking to work with investor friendly RE Agents to assist in identifying viable rental opportunities for purchase in Cleveland, Columbus and Cincinnati, Ohio over the next two quarters of 2018.

I'm sure this question has been asked many times on the forums, but I'm curious what market people think is the best market to build and buy and hold portfolio in?

As a bit of background on myself, I am from long island, NY and currently in physician assistant school outside of Philadelphia. Once I am out of school, I can go and get a job just about anywhere due to the increasing demand for PAs(especially in smaller markets and rural areas) and am single so nothing is really holding me back from doing so. I plan to house hack and continue living frugally as I save to allow me to aggressively build a portfolio. I love the idea of the BRRRR strategy and plan to incorporate it as much as I can with finding properties in need of rehab. With that being said, ideally I would want to pick a market with strong returns, multi-family inventory, and solid demographics. I wouldn't be opposed to staying in the philly area, however the returns and inventory of Ohio markets such as Cleveland, Cincinnati, and Dayton intrigue me. I love the demographics of Atlanta and some Texas markets, but wonder if they will soon be too hot to find the kinds of returns I would find in mid-west cities. I know eventually I may not want to live in one of these markets long term, but spending 5 years or so developing relationships and boots on the ground before going to a coast seems like my plan as of right now.

So if you love the market you currently invest in, or would pick a different one if you could do it all over, I would love to hear it and why. While I understand I should focus on my primary career first(which I can literally do anywhere in the US), which I have every plan of doing, any other thoughts on strategy or mindset of building a buy and hold portfolio to achieve financial freedom would also be greatly appreciated.

hello, 

I am Looking to invest in / around Columbus ohio. 
My strategy is to buy and hold several Multi family houses in working class - middle class areas.

Can you please advise where are the good area to invest in / around Columbus ohio (I am looking for stable paying tenants / high employment) ? 

Thanks for the replies

Ran Tamir

Saw this on Forbes and while not really shocking or surprising..thought it was interesting. 

Cleveland,OH comes up at the top of this list for "Investor Opportunity Rank" . Then Detroit, Columbus and Indianapolis.

At least from recent BP posts these markets do seem very hot for investors looking for cash flow.

"

According to HouseCanary the top five cold climate markets offering the best rental investment opportunities during the first quarter, a traditionally slow buying time included; Cleveland, Detroit, Columbus, Ohio, Indianapolis and Pittsburgh. "These markets experience a seasonal slowdown yet still offer, “relatively high Effective Gross Yield (EGY) potential for investors, giving them an opportunity to "buy low and rent high,” notes Alex Villacorta, Executive Vice President of Analytics at HouseCanary who led the team that compiled the report.

House Canary’s Investor Opportunity Rankings show the following EGY for those five markets; Cleveland: 13.0%, Detroit:10.8%, Columbus:10.9%, Indianapolis: 12.1% and Pittsburgh:12.3%"

https://www.forbes.com/sites/ellenparis/2017/12/26/2018s-hot-rental-property-markets-in-cold-climates-for-investment-consideration-in-q1/#1956721b5811

Hi Everyone,

I would like to get your thoughts on cash flowing areas right now, outside of the big markets. It's almost impossible to cash flow anything in the Portland metro area right now, and that includes the outskirts! I have read a lot about the idea of investing out of state, but I wanted to hear if any of you have any specific city/state you've had good luck with recently. I have no limitations as long as I can get some good deals that will cash flow. I'm looking for a 100k property on a fouplex. Don't laugh! : )  I was just researching New Jersey and there seems to be good deals out in that area and rents are very good.  Property taxes maybe high, however.

Any recommendation on where I should start researching?

Thanks in advance and Happy New Year!

Which do you you prefer for a MFH and why?

Columbus is listed as the fastest growing city in the Midwest, but there are some great REI teams in Cleveland. I haven't been able to compare prices & occupancy rates.

I've finally updated my profile ! This site has been such a benefit already and im glad to have come across it!