Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
General Real Estate Investing
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated 6 months ago on . Most recent reply

User Stats

12
Posts
21
Votes
Andy Okamoto
  • Investor
  • Salt Lake City, UT
21
Votes |
12
Posts

My Life-Changing Decision

Andy Okamoto
  • Investor
  • Salt Lake City, UT
Posted

Hey all!

I'm Andy, a recent University of Utah Computer Science graduate and now a full-time, 100% remote software engineer. I bought my first house-hack SFH property in Sandy, Utah in 2022 where I currently reside.

I am now 22, single and have enough saved for another down payment (targeting small multi-family). The combination of interest rates + high prices is making me consider moving to a more affordable market. Although my income is great for my first job out of college, I've talked to a couple lenders in Salt Lake City and got the feeling my salary (~85k) will not be enough without bringing a larger (~20%) downpayment. This larger downpayment would require me to liquidate stocks which I am not too keen of doing at the moment.

As an active listener of the BiggerPockets podcast, I'm well aware that midwest markets like Indianapolis, Cleveland, etc. are the "top" markets these days in terms of current growth + affordability. I am very interested in potentially moving/buying in these markets next to universities or areas with high job growth potential.

I am looking for advice/direction on what you would do in my position. My current 10 year goal is to get to 10k a month in cash flow. I greatly appreciate all responses and will take each into careful consideration.

Best,

Andy Okamoto

Most Popular Reply

User Stats

497
Posts
686
Votes
Anthony L Amos Jr
  • Real Estate Agent
  • Columbus, OH
686
Votes |
497
Posts
Anthony L Amos Jr
  • Real Estate Agent
  • Columbus, OH
Replied
Quote from @Andy Okamoto:

Hey all!

I'm Andy, a recent University of Utah Computer Science graduate and now a full-time, 100% remote software engineer. I bought my first house-hack SFH property in Sandy, Utah in 2022 where I currently reside.

I am now 22, single and have enough saved for another down payment (targeting small multi-family). The combination of interest rates + high prices is making me consider moving to a more affordable market. Although my income is great for my first job out of college, I've talked to a couple lenders in Salt Lake City and got the feeling my salary (~85k) will not be enough without bringing a larger (~20%) downpayment. This larger downpayment would require me to liquidate stocks which I am not too keen of doing at the moment.

As an active listener of the BiggerPockets podcast, I'm well aware that midwest markets like Indianapolis, Cleveland, etc. are the "top" markets these days in terms of current growth + affordability. I am very interested in potentially moving/buying in these markets next to universities or areas with high job growth potential.

I am looking for advice/direction on what you would do in my position. My current 10 year goal is to get to 10k a month in cash flow. I greatly appreciate all responses and will take each into careful consideration.

Best,

Andy Okamoto


Congrats on your recent graduation! 

Ohio offers multiple markets that are affordable and offer good cashflow. You could house hack a few Cleveland multifamily properties, then make your way to Columbus, which is one of the top real estate markets in the country. 

Loading replies...