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All Forum Posts by: Samuel Diouf

Samuel Diouf has started 1 posts and replied 1234 times.

Post: Selling Investment Property to Pay Down Primary Mortgage

Samuel Diouf
#4 Out of State Investing Contributor
Posted
  • Real Estate Agent
  • Columbus & Cleveland, OH
  • Posts 1,270
  • Votes 1,567

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.

Post: First investment property either GA or Ohio, looking to connect.

Samuel Diouf
#4 Out of State Investing Contributor
Posted
  • Real Estate Agent
  • Columbus & Cleveland, OH
  • Posts 1,270
  • Votes 1,567

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. 

Post: new to investing in cleveland

Samuel Diouf
#4 Out of State Investing Contributor
Posted
  • Real Estate Agent
  • Columbus & Cleveland, OH
  • Posts 1,270
  • Votes 1,567

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

Post: Multifamily vs. Single-Family—What’s Your Take?

Samuel Diouf
#4 Out of State Investing Contributor
Posted
  • Real Estate Agent
  • Columbus & Cleveland, OH
  • Posts 1,270
  • Votes 1,567

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.

Post: Looking for rental properties with appreciation and non-negative cash flow

Samuel Diouf
#4 Out of State Investing Contributor
Posted
  • Real Estate Agent
  • Columbus & Cleveland, OH
  • Posts 1,270
  • Votes 1,567

Hey Raju, have you looked into Columbus, Ohio? There's a ton of appreciation going on in the city, with a lot of large companies investing billions into the market. Big companies like Intel, Honda, Google, and Microsoft are leading the growth, causing Columbus to become a major tech hub.

You can find cash flowing SFHs in neighborhoods like Reeb Hosack, Hilltop, Linden, and Whitehall. 

Post: New Real Estate Investor: Looking to connect, learn, and take action

Samuel Diouf
#4 Out of State Investing Contributor
Posted
  • Real Estate Agent
  • Columbus & Cleveland, OH
  • Posts 1,270
  • Votes 1,567

Welcome to Bigger Pockets Ryan!

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

Post: Cleveland and/or Columbus area

Samuel Diouf
#4 Out of State Investing Contributor
Posted
  • Real Estate Agent
  • Columbus & Cleveland, OH
  • Posts 1,270
  • Votes 1,567

Congrats on securing a good job! Both of these markets are great, but they are very different. 

Columbus is going to be the best option for a market that's seeing a lot of economic growth with heavy appreciation and a little cash-flow in certain areas. Where Cleveland is a great market for heavy cash-flow and slight appreciation. Cleveland has one of the lowest rent/price ratios in the nation.

When looking to be under $100k, Cleveland will be the better option because you're not going to find any rent-ready deals in Columbus at that price range. 

Post: Cleveland Section 8 payments vs Available properties

Samuel Diouf
#4 Out of State Investing Contributor
Posted
  • Real Estate Agent
  • Columbus & Cleveland, OH
  • Posts 1,270
  • Votes 1,567
Quote from @Orhi Tahi:


@Bob Stevens do you have a PM recommendations for section 8 in Cleveland ?

Orhi


 I'd be glad to send you my top choices for PM in the Cleveland areas.

Post: Investing in California vs. other landlord-friendly states: What should I do?

Samuel Diouf
#4 Out of State Investing Contributor
Posted
  • Real Estate Agent
  • Columbus & Cleveland, OH
  • Posts 1,270
  • Votes 1,567

Hey Csingh, 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.

Post: New investor looking to make connections

Samuel Diouf
#4 Out of State Investing Contributor
Posted
  • Real Estate Agent
  • Columbus & Cleveland, OH
  • Posts 1,270
  • Votes 1,567

Hey Sunny, I'm based out of Columbus, Ohio and would love to connect.