All Forum Posts by: Sam McCormack

OHIOOOOOOOO

 Ohh okay I got it. Have you looked into Cincinnati? 

Hi @Alon A.

Do you have 120k in cash to use, or is that for property and rehab w/ financing?

@Luther Miller

Just some words of advice for a BRRRR OOS, I would recommend to not do it for your first one. If you mean a FULL BRRRR, as in a full gut almost, then not your first. But if it was just cosmetic work then go for it! A full gut is a lot for a first one, especially OOS

@Judd Meng

Hi Judd, I would have to say take your time. You could invest creatively and have partners, but what happens if the HVAC goes out or anything along those lines? I think you just need to build up your cash reserve to have enough deployable cash when ready. Unless you are willing to move for an FHA loan, I would say 50k is a good start!

@Oscar Meneses

Just sent a DM!

Hi @Ivan Rodriguez

You may be interested in Cincinnati. You can stay in the residential space buying a 1-4 unit property and Cincinnati has those available! Dm me if any of that sounds good to you!

@Mike Montanye

Hi Mike, I like that you have options when going about this! Better to have 2 options than 1. I am an investors agent in Cincinnati, OH and I know you said you wanted to potentially buy a rehabbed place in OH. Cincinnati have something to offer when it comes to what you are looking for! The balance between cash flow and appreciation, in some areas. DM me if you are interested!

@David Mesteth

Hi David! Welcome to BP! Multifamily are aplenty in Greater Cincinnati, paired with a mix of cash flow and appreciation! Let me know if you are interested man!

You may be surprised but Northern KY has a strong STR market. This area may be of interest to you!