All Forum Posts by: Samuel Diouf

Hey Giovanni, I know a lot of investors in NJ who have chosen to invest elsewhere and are glad that they did, but I also know some of them still have large portfolios in NJ that are doing well. It will really come down to what your long-term goals are and what route you think would get you there the fastest. 

Welcome to Bigger Pockets Maurice!

Cleveland is a great market to invest in!

I'd be happy to send you a graded map of the area and share a list of useful contacts.

Hey Gal! 

I would first decide on whether you want appreciation, cashflow, or a mix of both. If you want cashflow.. look for markets with low entry prices and higher rent averages. If you want appreciation, identify markets with expanding industries and positive growth signals.

Depending on how much capital you currently have, you could look into creative strategies such as fixing the house up and selling via seller finance to still see the benefits of your current low interest rate and avoid the bad rental laws that have put you in this situation. 

Hey Roman, I'd say house-hacking is one of the best ways to get into real estate investing. You’re able to learn the basics of a real estate investment with lower risk and build equity at the same time.

Being able to purchase a property with only 5% down means you can leverage your money way more effectively. When you’re investing with leverage, I think it makes more sense to do it in a market that’s showing plenty of signs for growth.

Have you looked into Ohio markets such as Columbus or Cleveland? 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.

Hey Vivek, Cleveland is a great market to invest in if you're looking for 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!

Hey Noah,

Have you looked into Ohio markets such as Columbus or Cleveland? 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.

A lot of OOS investors are having great success with BRRRRs here in Ohio. It is very important to have a solid team and strategy in place, because you're taking on a lot more risk than a typical rent ready purchase. When doing BRRRRs you may have to leave some money in your deal but you'll still be able to scale a lot faster than the typical buy & hold strategy. Your COC returns also increase significantly with this strategy.

Hey Dan, Cleveland is a great market for BRRRRs. With your background in construction you'll have a great advantage when managing rehabs!