Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
×
Try Pro Features for Free
Start your 7 day free trial. Pick markets, find deals, analyze and manage properties.
All Forum Categories
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

All Forum Posts by: Sam McCormack

Sam McCormack has started 37 posts and replied 1182 times.

Post: Looking for Practicality here| Where do I start honestly | Real estate Agent soon

Sam McCormack
Posted
  • Real Estate Agent
  • Cincinnati, OH
  • Posts 1,210
  • Votes 702

Hi @Luis Puello

I am an agent in Cincinnati and I think Cincinnati would be. good fit. And congrats on your decision to get your RE license! It is very hard to read about Real Estate investing and not be confused though, a lot of people say different things and it can be hell. Cincinnati has cash flow and as well as that appreciation friendly areas. Let me know if Cincinnati interests you!

Post: Cash flow vs. Appreciation

Sam McCormack
Posted
  • Real Estate Agent
  • Cincinnati, OH
  • Posts 1,210
  • Votes 702

@Kelly Elterman

If you would like to stay there, I would recommend finding a beat up house and BRRRR/Flip it. Besides that, going OOS is a good option. You have many places to choose from, midwest being a good option for cash flow. Like in Ohio. You have 3 great cities that all are a bit different. Cleveland is cash flow king, Columbus has better appreciation, but Cincinnati generally has a mix of both, just depends on the area of Greater Cincinnati you are in. I am in Greater Cincinnati, let me know if any of what I told you peaks your interest!

Post: New to this

Sam McCormack
Posted
  • Real Estate Agent
  • Cincinnati, OH
  • Posts 1,210
  • Votes 702

@Josephine Farai Tanis

Hi! I would personally recommend, at least where I am at, 50k saved up for DP, CC, and any unexpected repairs that are needed. I assume you are staying local so it is probably different. But,

1. Save some more

2. Hosuehack. This will save you on your biggest expense, housing. It is only 3.5% down, plus once you move out, you get someone in that unit, you can refinance and do it again. 

3.5% goes against what I normally say for an OOS (the 50k I said earlier), but even then you will still need a lot less then I said earlier! Hope this helped!

Post: Out of state RE Investing

Sam McCormack
Posted
  • Real Estate Agent
  • Cincinnati, OH
  • Posts 1,210
  • Votes 702

@Elias Kaplan

Hi! I sold a property in Cincinnati to a guy from Texas and it was fairly simple to be honest. Shoot me a DM and we can talk about it more

Post: New to real estate

Sam McCormack
Posted
  • Real Estate Agent
  • Cincinnati, OH
  • Posts 1,210
  • Votes 702

Hi @Justyn Keane

Cincinnati may be the market for you. Cincinnati you will find cash flow as well as appreciative friendly areas. Or, I can connect you with a hard money lender and can flip a property! Let me know what you are interested in so I can help better!

Post: Which market to invest in? Help!

Sam McCormack
Posted
  • Real Estate Agent
  • Cincinnati, OH
  • Posts 1,210
  • Votes 702

@Lewis Jensen

Hi Lewis! I should be able to find someone in Louiseville if you haven't found someone already! And you may be happy to know, the more northern part of Ky has available properties too! And Cincy! Let me know!

Post: WHERE TO INVEST???

Sam McCormack
Posted
  • Real Estate Agent
  • Cincinnati, OH
  • Posts 1,210
  • Votes 702

@Derek Fike

I am not sure how much you are willing to put down, but for what it is worth look into Indiana/OH/Northern Ky. You will find properties at a lot lower price so you aren't putting as much down, as well as cash flowing! If you really want to find the money, I would recommend doing a BRRRR so you can have very little down, if any at all!

Post: Which STATES to invest?

Sam McCormack
Posted
  • Real Estate Agent
  • Cincinnati, OH
  • Posts 1,210
  • Votes 702

@Masood Amin

I would recommend OH. Whether it be cash flow Cleveland, appreciation friendly Columbus, or a mix of the both in Cincinnati

Post: Newbie starting with a house hack? Where would you go?

Sam McCormack
Posted
  • Real Estate Agent
  • Cincinnati, OH
  • Posts 1,210
  • Votes 702

Hi Abi, I sent you a DM!

Post: Most positive cash flow cities, tax friendly states, Landlord friendly states?

Sam McCormack
Posted
  • Real Estate Agent
  • Cincinnati, OH
  • Posts 1,210
  • Votes 702

@Brian Jackson

Do I have the state/city for you! I am in Cincinnati which has all of these, as well as Cleveland and Columbus. Let me know if you are interested in Cincinnati for this reason! (And better appreciation in some areas)!