Seeking Guidance: First Investment Property in Miami or Ohio - Financing and Strategy

[Vinicius Cadengue]

Hey Bigger Pockets members,

My name is Vinicius; I am looking into purchasing my first investment property. I work/live in Miami area and the market here looks very hard right now. I have been looking into the Miami market and Ohio market, where the numbers looks like make more sense as right now. I would like to invest in a SMF (2-4 unit) property.

I would like to hear some ideas on how to get that started, types of loan/lenders/hard money, people to connect and help me get that started, specially if been out of state.

Please get in touch with me.

I look forward to hearing/working with you!

Thank you!

Vinicius.

[Vinicius Cadengue]

Quote from @Min Zhang:

There are plenty of options for multifamily properties here in Ohio. If you're new to being a landlord, I suggest starting with a turnkey cash flow rental. It's a simple way to get a sense of what it's like to manage a property without the added stress of rehab projects. I myself began investing in a small multifamily property in Columbus, Ohio two years ago. The cost of entry is low, but the potential cash flow is high. Columbus is currently the only market in Ohio that has experienced rapid growth in both jobs and population. If you're interested, I can provide you with a list of contacts in Ohio who can help you build your team and find a reliable property manager. Let me know how I can help!

Thanks for the advice! Starting with a turnkey cash flow rental in Ohio market sounds like a smart move. I appreciate the offer for contacts—I'll definitely reach out for help building my team. Your insights are valuable—thanks again for the support! Let's keep connected.