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Updated over 1 year ago, 05/30/2023
Figuring out first Investment/Market.
Hi,
My brother and I are looking to invest in our first property. I currently live in Miami, FL and he lives in LA. We are open to long distance investment.
-Our capital is around 20-25k and we both have a great credit scores
-Turn key investment (We don't want to spend time fixing the property)
-Looking for a LT rental, single family home
-We were looking to get a home around 80k or less (to be able to cover the downpayment, closing costs, minor fixes).
-Looking for a market that could provide a good cashflow based on current market conditions
-Looking to do a conventional loan or DSCR
I am currently looking at: Columbus OH, Cleveland OH and Indianapolis IN.
Could you please let me know what markets are good markets based on these criteria and the current RE market?
Looking forward to connecting with you all!
Best,
Vladimir