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All Forum Posts by: Samuel Diouf

Samuel Diouf has started 1 posts and replied 1231 times.

Post: ISO 10+ residential units

Samuel Diouf
#4 Out of State Investing Contributor
Posted
  • Real Estate Agent
  • Columbus & Cleveland, OH
  • Posts 1,265
  • Votes 1,564

That's an ambitious goal! If you're looking for cash flowing markets.. a lot of investors, including myself, are looking in cities like Cleveland.

Cleveland currently has one of the lowest price/rent ratios in the Nation, with the average home price being $107k and the average rent being $1,416/Mo.

When investing in high cash-flow markets, I always recommend working with an investor friendly agent so you're able to gain the right insight on the different areas and the risks involved.

Post: Looking to start investing in LTR,

Samuel Diouf
#4 Out of State Investing Contributor
Posted
  • Real Estate Agent
  • Columbus & Cleveland, OH
  • Posts 1,265
  • Votes 1,564

Hey jason, a lot of investors based in markets like California and New York are choosing to purchase their investments OOS in the Midwest because of the affordability and numbers making more sense.

Prices in Columbus are still low enough to find 1% rule deals and there's a ton of appreciation happening in this market as well. I actually moved from Florida to Columbus for the real estate. I saw how fast the city was growing and decided to make the jump.

Post: Expanding to Cleveland - Lorain - Euclid and surroundings, looking to connect!

Samuel Diouf
#4 Out of State Investing Contributor
Posted
  • Real Estate Agent
  • Columbus & Cleveland, OH
  • Posts 1,265
  • Votes 1,564

That's an impressive portfolio Trace!

Cleveland is a great market to invest in as well if you're looking for that higher cash-flow. Because of that low barrier to entry, plenty of investors from all over are looking at this city. I highly suggest working with an investor friendly agent so you don't buy in the wrong locations.

I like the west side of Cleveland. Look into neighborhoods like Jefferson, West Boulevard, Cudell, Clark Fulton, Brooklyn Center, Old Brooklyn, and Garfield Heights.

I suggest working with an investor friendly agent so you can get the right guidance!

Post: I need to change strategies. What should I do?

Samuel Diouf
#4 Out of State Investing Contributor
Posted
  • Real Estate Agent
  • Columbus & Cleveland, OH
  • Posts 1,265
  • Votes 1,564

Hey Ivan, you could look elsewhere. I'm from Florida and started investing in the Ohio markets because of the numbers making more since here from a cash-flow standpoint and the state is seeing massive growth too.

Post: Rookie looking for first deal out of state in Midwest

Samuel Diouf
#4 Out of State Investing Contributor
Posted
  • Real Estate Agent
  • Columbus & Cleveland, OH
  • Posts 1,265
  • Votes 1,564

Hey Alyssa, Columbus, Ohio is a great market to consider if you're looking those appreciation markets that still cash flow. I moved here from Florida after seeing the expansive growth in the Columbus market.

There are multiple billion dollar companies dumping money into the city, such as Intel, Google, Honda, and Amazon. This is causing a huge influx of people moving here for jobs. And a lot of start-up companies are migrating to this city as well because of the OSU campus that has thousands of talented students graduating and looking for positions locally.

Everything that’s going on here in Columbus is attracting investors and other businesses from all over. A recent study showed that 80 people are moving to this city every single week, which will continue to increase housing demand.

Post: Looking for Property Manager in Columbus OH

Samuel Diouf
#4 Out of State Investing Contributor
Posted
  • Real Estate Agent
  • Columbus & Cleveland, OH
  • Posts 1,265
  • Votes 1,564

Hey Kay, I'm happy to connect you with my go-to PM. 

Post: Looking for out of state investing in-person meet ups

Samuel Diouf
#4 Out of State Investing Contributor
Posted
  • Real Estate Agent
  • Columbus & Cleveland, OH
  • Posts 1,265
  • Votes 1,564

Welcome to Bigger Pockets Rhonda!

Bigger Pockets is a great place to learn and connect with fellow investors.

If you’re looking to invest long distance, I definitely recommend building your core-4 team. This team consists of an Investor Focused Agent, Lender, Contractor, and PM.

Read this article on the "core 4". It explains the team that you should develop to have a strong foundation under you while investing remotely.

https://www.biggerpockets.com/blog/core-four-real-estate-team

Post: A complete Newb to Real estate.

Samuel Diouf
#4 Out of State Investing Contributor
Posted
  • Real Estate Agent
  • Columbus & Cleveland, OH
  • Posts 1,265
  • Votes 1,564

Welcome to Bigger Pockets Moustafa and congratulations on being newlywed!

Post: Looking for good neighborhood for medium term rentals in CLeveland

Samuel Diouf
#4 Out of State Investing Contributor
Posted
  • Real Estate Agent
  • Columbus & Cleveland, OH
  • Posts 1,265
  • Votes 1,564

I like the west side of Cleveland. Look into neighborhoods like Jefferson, West Boulevard, Cudell, Clark Fulton, Brooklyn Center, Old Brooklyn, and Garfield Heights.

I suggest working with an investor friendly agent so you can get the right guidance!

Post: New Rental Property Purchase - Out of State

Samuel Diouf
#4 Out of State Investing Contributor
Posted
  • Real Estate Agent
  • Columbus & Cleveland, OH
  • Posts 1,265
  • Votes 1,564
Quote from @Shayan Sameer:
Quote from @Samuel Diouf:

Columbus, Ohio is a great market to consider if you're looking for appreciation markets that still have cashflowing deals under $200k. I moved here from Florida after seeing the expansive growth in the Columbus market.

I would focus on areas up north like Linden and areas on the west side of Columbus, like Franklinton and Hilltop.

Linden is seeing a large amount of investment activity within residential 1-4 unit properties and newly developed facilities, which were ignited by the ONE Linden Plan. With new construction and renovations going on, on almost every block.

In Franklinton there are plenty of large projects going on that will bring massive growth to the west side of Columbus, such as the Peninsula Development, which is a multiphase project that will erect a 24 story apartment complex featuring a grocery store, a multi use office space building, and a new hotel featuring a two-story venue.

 @Samuel Diouf will you be able to help me? 


 Of course! Just shot you a PM 👍