Buy & Hold Strategy Investments

[Michael Jacobson]

Hello everyone, 

I'm looking into purchasing a property out of state and wanted to get opinions from other investors who has experience. I currently live in New York now and am looking to purchase in either Florida, Michigan, or Tennessee. I'm currently 24 years old and would like to make a move as soon as possible. I'm looking for cash low and to hold the property for a minimum of 10-15 years. Does anyone have any experience in investing in the Sterling Heights, Clinton Twp, Shelby Twp areas in Michigan? Has anyone had success from investing there?

[Sam Ally]

Your goals should be dictated by your risk tolerance and engagement in the process.  Cash flow can be found in an abundance of secondary and tertiary markets.  You've indicated your cap rate but what price range are you seeking? Are you currently looking for a tenanted asset or a diistressed property you can renovate tenant and stabilize?  So much to discuss and so very many viable options for you throughout the US to capitalize upon. How prepared are you to move forward?