Markets that can work well for cash flow in today's environment

[Rami Halperin]

Hi friends,

Looking to figure out which markets can work well for cash flow in today's environment. Open to long and short term. Once I get a better idea, I would like to get to know more agents, mangers, lenders. Possibly looking for some strategy ideas. So far certain markets that came to mind: Ohio, Indiana, Florida, Georgia, Nashville.

End goal is to put an investment and management in place as it will possibly be an out of state situation (unless I house hack)

[Steven Foster Wilson]

Quote from @Rami Halperin:

Hi friends,

Looking to figure out which markets can work well for cash flow in today's environment. Open to long and short term. Once I get a better idea, I would like to get to know more agents, mangers, lenders. Possibly looking for some strategy ideas. So far certain markets that came to mind: Ohio, Indiana, Florida, Georgia, Nashville.

End goal is to put an investment and management in place as it will possibly be an out of state situation (unless I house hack)

I recommend the major cities in Ohio:

-Columbus, great for appreciation, pp is a bit higher around $220k for multifamily

-Cincinnati, has a mix of cash flow and appreciation, average multifamily around $180k

-Cleveland, has alot of cashflow potential, average multifam around $140k

There are other smaller markets like Dayton, Newark, and Toledo, which because of big corporations moving toward those areas we are seeing them start to boom. 

Looking for cashflow? Look into Cleveland, its got good cashflow potential with appreciation happening as well.

Looking for appreciation come to Columbus, there are still 1% deals, but the more attractive part is the population growth and other economic drivers!