All Forum Posts by: Account Closed

Every market has it's advantages and disadvantages. Miami is a unique market with its own set of challenges in real estate, but there also has to be some advantages that investors here can take advantage of. I've been doing my research trying to figure out what those are, and wanted to open it up for discussion since I'm still new and inexperienced down here. Where do you think the Miami real estate market's sweet spot is?

If you had 20k in your pocket and credit over 700, where would you put that money? 

To offer my own opinion, I'm set on saying a house hack it too risky and leaves you living in a lower quality home compared to the size of your loan. Buying a one door house is way too expensive and you have to take on high insurance, plus cleanup risk after a hurricane (still shook from Irma). But I'm seeing some good deals on condo's along the beach in Sunny Isles that seem to be working out numbers wise. 

I've come to realize this is very building specific, as no two associations are the same. But provided you trusted the association and the HOA fee's aren't more than home insurance, I think getting one to live in for a year with an FSA loan then renting in year 2 makes sense. If not for yearly rentals, you could possibly make more cashflow renting nightly through Air B&B. The Miami advantage has to be the beaches and the potential of Air B&B right?

I have yet to really look into commercial, but I'm trying to keep this to 20k to spend to keep the common investor involved. Unless someone really thinks partnering with commercial is the way to go. What do you guys think?

I'm in Miami and looking to invest in real estate. I have a little bit of cash and am researching the best angle to enter into this market. I also need a place for myself, as I currently rent. So I may do a live in flip or buy a condo with an HSA loan for a year then rent. Any advice is welcomed.

I actually have not invested yet. But I'm close to my savings goal and trying to decide where and how I want to/can invest. I'd like to do something soon and at the moment I'm a bit priced out of Miami. I'm from Cleveland so I have a good understanding of its market. I like the low cost point of entry and opportunity the midwest brings.

Hi MarieChele Porter I have yet to invest there but I plan to. It's a good cash flow market and great for flipping. But like most cities it's very neighborhood specific and the best locations aren't necessarily the neighborhoods everybody talks about. I have not researched Columbus real estate but I do enjoy that city. It's very nice. But to say it's better than Cleveland in "every way" is extremely disingenuous.

Thanks @Tom Ott

Don't forget to keep me updated with what you guys have :)

Originally posted by @Brandon Sturgill:

So if I told you Columbus has better returns and is a superior city in every way to Cleveland, would you be convinced to invest in a better location...

Cleveland is an ok city...still lots of old money, but the population is declining rapidly. 

 Superior in "every way"?... C'mon man...

Thanks everyone for the feedback!

 @Robert G. I'm hitting a wall too as of now. You mentioned you came to this conclusion 4 years ago. Did you find a different avenue to invest in the Miami area that works? Or are you strictly out of market?

Hey guys. I'm a new investor who's looking to buy my first deal from a reliable turnkey company who can also property manage. It's not a secret KC is a great market at the time so I'm seeing if I can get in there from out of market.  I'm wondering if any of you guys have worked with any turnkey companies to success that you would recommend?

Thanks for the tips Jonathan. I hear the same about Austin and Seattle. As far as Seattle goes, do you know of any quality turnkey companies that sell and PM for passive out of market investors? Asking because I'm close to buying a home from Smartland in Cleveland and I think this style of investing is a good route for me. Cleveland has good cash flow but not the appreciation. I'd like to find an investment focusing on appreciation and Seattle appeals to me.

Originally posted by @Johnathan Norman:

I invest in multiple markets, including Cleveland and i'd say it is ok depending on what you're trying to do. Cleveland is great for cash flow but if you're a national investor other markets offer greater opportunity for appreciation. 

@Chris Martin has a point however. James is naturally going to be a bit biased in this matter :) 

Hello Jonathan. I'm looking into investing in outside markets as well. Because you mention you invest in multiple markets, which market do you feel is among the top tier for appreciation?