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Updated almost 6 years ago on . Most recent reply

User Stats

40
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4
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Mike Abramov
  • Specialist
  • Pasadena, CA
4
Votes |
40
Posts

all midwest investors read this please

Mike Abramov
  • Specialist
  • Pasadena, CA
Posted

hello fellow bigger pocket investors

I currently live in LA and as you all know investing here is crazy

I wanted to ask you where are great areas to invest in the Midwest right now

cities and states all you input is very well appreciated

thank you and looking forward to your responses

Mike

Most Popular Reply

User Stats

97
Posts
64
Votes
Josh Engelhart
  • Lender
  • Powell, OH
64
Votes |
97
Posts
Josh Engelhart
  • Lender
  • Powell, OH
Replied

Good deals are everywhere. In LA I would be looking for damaged and undervalued homes that could be flipped.

In the Midwest I'm assuming you want cashflow. You can find a 5+% rule in war zones or rural areas. There are 28k properties locally barely held together or liveable that get 1400 in rent.

I wouldn't really want to invest somewhere without some kind of connection or boots on the ground. Friends, family, work travel, kids college, some kind of connection.

If you do I'd probably just try to find a good realtor. You might get burned. If you are or become a serious investor and buy a lot of properties you could also be a great partner for them.

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