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Updated over 2 years ago on . Most recent reply

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Angela Orecchio
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We can move anywhere. Where should we live and invest?

Angela Orecchio
Posted

We have the good fortune of moving anywhere in the US right now. We want to move to a small city that is growing and good for the BRRRR method of investing. What would be your choice and why? Thank you!

Angela

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Steven Foster Wilson
  • Rental Property Investor
  • Columbus, OH
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Steven Foster Wilson
  • Rental Property Investor
  • Columbus, OH
Replied
Quote from @Angela Orecchio:

We have the good fortune of moving anywhere in the US right now. We want to move to a small city that is growing and good for the BRRRR method of investing. What would be your choice and why? Thank you!

Angela


 That is awesome Angela that you can do that. I recommend the major cities in Ohio:

-Columbus, great for appreciation, pp is a bit higher around $220k for multifamily https://learn.roofstock.com/blog/columbus-oh-real-estate-market

-Cincinnati, has a mix of cash flow and appreciation, average multifamily around $180k. https://www.noradarealestate.com/blog/cincinnati-real-estate-market/

-Cleveland, has alot of cashflow potential, average multiform around $140k. https://learn.roofstock.com/blog/cleveland-real-estate-market

There are other smaller markets like Dayton, Akron, and and Newark, which we are starting to see these areas boom due to huge investors and corporations like Intel choosing to set up shop in these kind of areas.

Looking for cashflow? Look into Cleveland, its got good cashflow potential with appreciation happening as well.

Looking for appreciation come to Columbus, there are still 1% deals, but the more attractive part is the population growth and other economic drivers!

Not to mention Ohio is a landlord friendly state!

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