All Forum Posts by: Samuel Diouf

I love house hacking because you can get into the higher priced areas and leverage your money very effectively. 

When house-hacking with 5% down, returns on cash invested could be huge when you factor in the appreciation gains. You can double your money in one year if your property appreciates only 5%.

If you are considering the OOS route, there are a few markets that have both cash-flow and appreciation you could look into. 

Hey Luke, 

BRRRRs are great for scaling! I would make sure that you identify the exact market you'd like to invest in and then focus on building a very solid team. Having a good team on the ground will be the foundation of a successful BRRRR.

Once you find good contractors, keep them busy! 

Welcome to Bigger Pockets Derek!

I'm based out of Central Ohio, but still would be glad to connect. 

Welcome to Bigger Pockets Branson!

If you’re looking to invest in your backyard, it helps to network with as many locals in the industry as you can. A great way to start is by attending RE events and joining a local investors association. You can usually find some events by doing a simple google search.

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 Megan, what type of deals are you looking to get financing on? Typically, the deal has to pencil out with conservative numbers in order to qualify. 

I'd be glad to connect you with my go-to HML for first time investors.

I would start with smaller units and build up from there. 

The bigger the investment, the bigger the risk, so it's smart to start a little smaller and learn as you go. 

How do you guys plan on financing a 50 unit building? 

A lot of OOS investors are having great success with BRRRRs here in Ohio. I like Columbus because of the appreciation, but you will probably have to leave some money in your deal because the city is growing so fast.

Cleveland is another market where BRRRRs work and it will probably be a better option with your current budget.. You just need to make sure you hire out the right contractors, as there are a lot of unreliable GCs there.

Welcome to Bigger Pockets Dan!

If you’re looking to invest in your backyard, it helps to network with as many locals in the industry as you can. A great way to start is by attending RE events and joining a local investors association. You can usually find some events by doing a simple google search.

When doing research on potential areas to invest in, I would first decide 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, positive growth trends, and bright economic forecasts.