Midwest multi-family opportunities to look for ?

[Anton Filiptsov]

Hey,
Initially i was looking for investing in multi family in Providence OR Boston area and do a "House Hack".
But after calculating the numbers, cash return is pretty minimal. Its not even close to 1%.

I started to look at Midwest, and there are quit a few properties for 100-150k range, which will bring way greater cash return.
Any suggestions which city i need to look at? I know some of the towns/areas have very high crime rate.
I am new to multi family investing, and looking to purchase 2-4 family property.

So far i started to look on Cleveland and St.Louis.
I also saw Detroit, but looks like a huge amount of properties are completely abandoned. And it's too risky to buy property there.

I am planning to work with real estate agent, but i am trying to see what State/city i should go with.

( I am ready to purchase property within 1-2 month period)
Any suggestions where and how to start?

[Steven Foster Wilson]

Quote from @Anton Filiptsov:

Hey,
Initially i was looking for investing in multi family in Providence OR Boston area and do a "House Hack".
But after calculating the numbers, cash return is pretty minimal. Its not even close to 1%.

I started to look at Midwest, and there are quit a few properties for 100-150k range, which will bring way greater cash return.
Any suggestions which city i need to look at? I know some of the towns/areas have very high crime rate.
I am new to multi family investing, and looking to purchase 2-4 family property.

So far i started to look on Cleveland and St.Louis.
I also saw Detroit, but looks like a huge amount of properties are completely abandoned. And it's too risky to buy property there.

I am planning to work with real estate agent, but i am trying to see what State/city i should go with.

( I am ready to purchase property within 1-2 month period)
Any suggestions where and how to start?

I recommend the major cities in Ohio:

-Columbus, great for appreciation, pp is a bit higher around $220k for multifamily https://learn.roofstock.com/bl...

-Cincinnati, has a mix of cash flow and appreciation, with average multifamily around $180k. https://www.noradarealestate.c...

-Cleveland, has a lot of cash flow potential, average multiform around $140k.https://learn.roofstock.com/bl...

There are other smaller markets like Dayton, Akron, and Newark, and we are starting to see these areas boom due to huge investors and corporations like Intel choosing to set up shops in these kinds of areas.

Looking for cash flow? Look into Cleveland, it's got good cashflow potential with appreciation happening as well.

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