First time out of state investor, interested in Cincinnati OH, open to other thoughts

[Angela Wu]

Hi everyone, I'm just getting started in my real-estate journey. I've always been super interested and have helped my mom renovate her place in Bellevue WA last year. But now I'd like to give it a try myself! My friend has invested in Cincinnati OH these past few years using the BRRRR method. I'd like to get started but am not sure where to start as an out of state investor. I'm open to thoughts on where to invest or other potential methods for a first timer.

Any good tips on getting started in Ohio or other places? What are the pros/cons of paying all cash vs taking out a loan for the first investment? 

I'm open to connecting with real-estate agents as well!

[Samuel Diouf]

I like leveraging money when in appreciating markets because of the ability to see much larger returns on your money invested. 

Now, if you're looking to do a BRRRR in today's market being brand new to real estate, it might be safer buying cash and refinancing when finished. Because you won't have to pay interest and you'll have more of a flexible deadline.

Columbus, OH is a great place to consider as well, especially when your strategy is to buy and hold. A lot of the projects that are going on here aren't finished yet and new projects and developments are popping up all the time.

80 people are moving here every single week and 80 homes aren't being built, so demand is rising!