Ohio Investor (Cleveland/Columbus)

[Jim Bern]

Hello,

I am a new investor on the BP forums, and honestly very happy because through the forums and information provided I have been able to learn a lot.

I just started to look at properties to start investing in real estate these past few days. I live in an NYC borough which is a pricey market. A bit more expensive than what I'd like my first investment to be (around 60k-100k). I worked in Cleveland three years ago and the Midwest, where starter homes are more within my desired price range and provide cashflow.But I am open to other markets in Ohio or Indiana.

My question is for those who started investing in real estate, did you stay local?, And what advice can you recommend to new investor like myself in terms of investing out of state. Thank you

[Erica Larence-Penna]

@Jim Bern Welcome!  I live in RI and we have a pretty pricey market as well.  We started out by househacking a fourplex (purchased in October 2019), but decided we wanted to buy more purely investment properties.  We decided to focus on Ohio and Florida (we are moving to Florida at the end of the year) and are currently under contract on a property in Cleveland.  We are also looking in Columbus, Jacksonville, and Tampa/St. Pete.  Do a lot of research and make sure you have a good team in the market you are looking at.  Feel free to reach out if you want to chat!