All Forum Posts by: Samuel Diouf

I like Cleveland for flips because of the amount of volume the market has. When doing flips in the Cleveland market, it's very important to understand the different locations and make sure that you're looking at comps accurately. 

Welcome to Bigger Pockets Allen!

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

Welcome to BP Mo! You'll meet a lot of other investors in the Cleveland area here. 

Hey Dennis, that's awesome that you're getting back started! Keep us posted on the journey.

BiggerPockets forums are a great place to go if you have any questions, want to learn from other investor's progress, or if you're just looking general feedback. 

You can invest from anywhere, so I would base the decision on what area you guys think you would enjoy more and have a better quality of life. 

Hey Jinglei, this deal sounds solid. An important factor to take in mind is where the property is located. I would also be curious to see what the market rents in the area are to see what the potential upside is. 

Hey Samantha, if your first property is cash-flowing in LA, I would hold on to it. The amount of cash-flowing deals in your market is extremely low, so when you get one you should hold on to it as long as you can so you can reap the benefits of that LA appreciation especially if the property is in a good location. 

If you need access to the $200,000, you could use a HELOC to temporarily pull equity from the property when good opportunities arise.

Hey Timothy, Columbus, OH is a strong market to invest in. I moved here from Florida because of the growing market. I spend all day sourcing deals now.

With your budget, you could get multiple deals here in Columbus, but I recommend starting with one, getting it stabilized, then moving forward from there. I'd be glad to connect you with some of my go-to guys in our market. 

Nice job acquiring the first deal. Keep us posted on the journey!

Hey Johnny,

Single-family homes and multifamily properties both have their pros and cons. Single-family homes benefit from a larger buyer pool, appealing to families and owner-occupants, which makes them easier to sell. They also tend to have lower tenant turnover and simpler management. However, vacancy means covering 100% of the expenses.

Multifamily properties almost always generate higher cash flow due to multiple income streams, which also reduces the risk of vacancies. They make it easier to scale your portfolio and build wealth. That said, the fewer units a property has, the easier it is to manage, so smaller multifamily properties can offer a good balance between cash flow and simplicity. Multifamily properties do require more management overall and typically appeal to a smaller, investor-focused buyer pool.

At my stage, I prefer small MFH over anything else because of the stronger cash flow, scalability, and the more forgiving capex compared to larger MFH, but the best option depends on your goals and strategy.