Iowa or Ohio for possible Multifamily?

[Bryant Carr]

Pros and cons of purchasing a multifamily in these states..I found one in each 4 unit in Ohio in a rural area. A 6 unit in Iowa in a busier area. Thoughts?

[Min Zhang]

Hi Bryant! 

I prefer to start in the midwest, because the entry point is much lower and cash flows the best. As long as you develop your Core 4 like David Green’s mentioned in his long-distance investing strategy (realtor, contractor, property manager, and lender), you should be able to invest anywhere with confidence. I buy in Columbus, Ohio. Columbus has experienced so much growth for the past few years, partly due to the influx of tech giants like Intel ($20 billion), Meta, Amazon, and Google building warehouses and data centers in the area, which has contributed to an increase in property prices and more people moving into the city for job opportunities. I also invest in Cleveland and Dayton. Let me know how I can help!