Rookie looking for first deal out of state in Midwest

[Alyssa Abegg-Garcia]

Hello! My name is Alyssa and I'm new to real estate investing. My husband and I are interested in growing our wealth to make work optional w/in 5-10 years.  We are targeting buying our first property this year, ideally a duplex/triplex/quadplex for a long term rental. I currently live in Olympia, WA (high cost of living, and not very landlord friendly state), so plan to invest out of state. At this time I'm focusing on researching markets in the midwest (Indianapolis, IN; OH) due to the lower property costs. I'm looking for something that's at least cash flow neutral and will appreciate. I'd love to connect with others who are investing in these markets, as well as agents, property managers and investor-friendly lenders. I'm happy to provide insights on western Washington, as we have lived in Seattle, Tacoma, and now Olympia. 

Looking forward to connecting!

[Mike Paolucci]

Quote from @Alyssa Abegg-Garcia:

Hello! My name is Alyssa and I'm new to real estate investing. My husband and I are interested in growing our wealth to make work optional w/in 5-10 years.  We are targeting buying our first property this year, ideally a duplex/triplex/quadplex for a long term rental. I currently live in Olympia, WA (high cost of living, and not very landlord friendly state), so plan to invest out of state. At this time I'm focusing on researching markets in the midwest (Indianapolis, IN; OH) due to the lower property costs. I'm looking for something that's at least cash flow neutral and will appreciate. I'd love to connect with others who are investing in these markets, as well as agents, property managers and investor-friendly lenders. I'm happy to provide insights on western Washington, as we have lived in Seattle, Tacoma, and now Olympia. 

Looking forward to connecting!

 Hi Alyssa, welcome to BP! With your goals in mind, I would recommend looking into A / B class properties depending on your overall budget. You'll find that they'll appreciate nicely and you'll also be dealing with better tenants with less turnover. 

Central Ohio has a lot of great companies coming to town. Here's a link for the latest company choosing to come to Central Ohio Anduril Industries - Defense Manufacturing Facility. 

Good luck with your investing journey!