Real Estate Advice Needed

[Camille Romero]

Hey everyone,

I’ve been thinking about buying my first real estate property and have a few markets in mind. I’m from the NYC area, but the prices here are out of my budget. I initially looked into Baltimore, but after some research, I noticed the population has been steadily declining, so I’m not feeling as confident about that market.

Now I’m looking into the Detroit and Ohio areas (Toledo, Cincinnati, Cleveland, Columbus) since they seem to have growing populations and affordable properties under $200k as well. I’m torn between going the wholesaling route or sticking with long-term rentals.

If anyone has advice—whether it’s general tips or insights about these markets—I’d really appreciate it!

Thanks!

[Evan Hopple]

@Camille Romero

Ohio has plenty of good options under $200k for single family homes and small multifamily. Columbus is the strongest growth market out of the Ohio cities you mentioned, driven by significant business expansion. You can read more about it here: https://www.bridgemi.com/business-watch/what-michigan-can-le....

Regardless of which market you choose to invest in, it's important to understand the area well and identify neighborhoods on the rise. An investor-friendly agent will be able to help you locate these areas. Even in a city with a declining overall population, there are still pockets experiencing growth that can be good options.