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Updated about 4 years ago,
Info on Midwestern Markets
Hi y’all! My name is Saudi and I’m just starting out on real estate investing. I just returned from a trip to Detroit, Cleveland, Toledo and Cincinnati to check out those markets. Almost closed on a duplex but backed out after inspection. These are very different markets and I walked away knowing I want to wait 6 months, continue doing research about other Midwestern markets (oh hey Indianapolis!) and save for a down payment and summer move. Which of these markets would you recommend for cash flow, appreciation and available deals?
I’m lucky to be location flexible. My goal for my first investment is to house hack on a duplex costing max 85k or a four plex costing 125-150k. I’m willing to take on a cosmetic fixer upper.
Thanks for your advice and mentorship!
Saudi