Newbie from Toronto, hoping to break into the US market

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Newbie from Toronto, hoping to break into the US market

Yinka Ayeni
Member since 2023 · 4 posts · 3 votes

Good day everyone. I'm Yinka from Toronto. Here to learn more about investing in Multifamily units in the US, mainly for cashflow.

I have 3 Markets I'm researching at the moment: Cleveland, Indianapolis, and Houston, so I'd like to connect with people who are more experienced in this market and hope to learn a lot and contribute positively on this platform.

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Min ZhangBusiness Member
Real Estate Agent · Member since 2022 · 1k+ posts · 1k+ votes
2y

Hello Yinka, welcome to Bigger Pockets!

Cleveland is a great choice for multifamily investing with a focus on cashflow. It's known for its affordable real estate and growing rental market. You've picked some interesting markets to research! I also invest in Columbus and Dayton and can share some insights about these three markets. Let me know how I can help!

[email protected]614-412-2912
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  • Antonio Boutros
    Member since 2023 · 4 posts · 2 votes
    2y

    Hey! I am from Indianapolis and know this market as well as various others including Houston and Cleveland well. I primarily work here in Indy but i have several contacts in those markets. I shot you a connection request.

    1Reply
  • Account Closed
    New to Real Estate · CA · Member since 2023 · 33 posts · 27 votes
    2y

    networking and guidance is pretty important when you invest out of state or from another country! So do your best to have that with you.

    1Reply
  • Account Closed
    New to Real Estate · TX · Member since 2023 · 27 posts · 29 votes
    2y
    Quote from @Account Closed:

    networking and guidance is pretty important when you invest out of state or from another country! So do your best to have that with you.


     great tip

    1Reply
  • Yinka Ayeni
    OP
    Member since 2023 · 4 posts · 3 votes
    2y
    Quote from @Account Closed:

    networking and guidance is pretty important when you invest out of state or from another country! So do your best to have that with you.


     Thanks Jasmin.

    1Reply
  • Yinka Ayeni
    OP
    Member since 2023 · 4 posts · 3 votes
    2y
    Quote from @Antonio Boutros:

    Hey! I am from Indianapolis and know this market as well as various others including Houston and Cleveland well. I primarily work here in Indy but i have several contacts in those markets. I shot you a connection request.


     Thanks Antonio. I've accepted the connection request now. Will like to touch base with you to understand these markets better. Thanks for your response.

    0Reply
  • Min ZhangBusiness Member
    Real Estate Agent · Member since 2022 · 1k+ posts · 1k+ votes
    2y

    Hello Yinka, welcome to Bigger Pockets!

    Cleveland is a great choice for multifamily investing with a focus on cashflow. It's known for its affordable real estate and growing rental market. You've picked some interesting markets to research! I also invest in Columbus and Dayton and can share some insights about these three markets. Let me know how I can help!

    [email protected]614-412-2912
    Reafco.512 Reviews
    View Page
    2Reply
  • Jessica LarsonBusiness Member
    Property Manager · Cleveland, OH · Member since 2023 · 108 posts · 96 votes
    2y

    Hello Yinka,

    I am with a property management company out of Cleveland that manages 2,400+ doors, and can attest that it is a great place to invest, especially for cashflow. We primarily work with out of state/country investors, and they have found great success investing here. I would be happy to connect and answer any questions you many have!

    Haven Group Property Management11 Review
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    0Reply
  • Elias CamhiBusiness Member
    Property Manager · Houston, TX · Member since 2016 · 61 posts · 36 votes
    2y

    Hi Yinka,

    We are located in Houston and have done property management for the last 20 years, I am also an investor here, so we certainly can help any questions you may have.  Houston is extremely diverse in the many people from different countries, so it makes for great place to invest.  We have seen such a large growth of population due to people coming from different states into Texas and especially Houston.  We are here to help.

    [email protected]281-894-8659
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  • Travis Biziorek
    Investor · Arroyo Grande, CA · Member since 2014 · 1k+ posts · 1k+ votes
    2y

    Hey Yinka, I've talked to a lot of folks in Toronto that invest in Detroit.

    It's pretty accessible from Toronto, has great cash flow, and there's a ton of investment and revitalization efforts. 

    I highly recommend adding it to your list of areas to dig into.

    0Reply
  • Nick GiulioniPro Member
    Rental Property Investor · Carmel, IN · Member since 2016 · 1k+ posts · 615 votes
    2y

    Hey - would love to help connect you with your team here in Indy. Feel free to hit me up!

    0Reply
  • Yinka Ayeni
    OP
    Member since 2023 · 4 posts · 3 votes
    2y
    Quote from @Min Zhang:

    Hello Yinka, welcome to Bigger Pockets!

    Cleveland is a great choice for multifamily investing with a focus on cashflow. It's known for its affordable real estate and growing rental market. You've picked some interesting markets to research! I also invest in Columbus and Dayton and can share some insights about these three markets. Let me know how I can help!


     Thanks Min. Will connect with you on this soon.

    0Reply
  • Zorya Belanger
    Rental Property Investor · Edmonton, Alberta · Member since 2015 · 307 posts · 200 votes
    2y

    Hi @Yinka Ayeni, looks like you've got a few people to connect with already. I'm a Canadian investing in Edmonton and Houston. Curious to know your reasons for choosing the US, and if I can help in any way. My partners and I bought a multi in Houston last year. Multifamily in the US as a Canadian I would say is a sophisticated strategy, but it depends on what size you are looking at. 

    0Reply
  • Bob S.
    Real Estate Consultant · Cleveland · Member since 2020 · 6k+ posts · 3k+ votes
    2y
    Quote from @Yinka Ayeni:

    Good day everyone. I'm Yinka from Toronto. Here to learn more about investing in Multifamily units in the US, mainly for cashflow.

    I have 3 Markets I'm researching at the moment: Cleveland, Indianapolis, and Houston, so I'd like to connect with people who are more experienced in this market and hope to learn a lot and contribute positively on this platform.


     I know many investors from around the world that invest in the Cleveland markets. It has been great over the years with double digit net caps. Houston ? I do not know anyone that invest there. I live in FL and do all my biz in Cleveland. All my personals are and have always been 15- 20% or better net, 

    Good luck 

    0Reply
  • Wale LawalBusiness Member
    Real Estate Broker · Houston | Dallas | Austin, TX · Member since 2018 · 5k+ posts · 2k+ votes
    2y

    @Yinka Ayeni

    Welcome, and we're delighted to see your interest in multifamily real estate investing in the United States, particularly in locations such as Cleveland, Indianapolis, and Houston.

    Houston, TX is usually viewed as a suitable investment location for a variety of reasons, including a diverse economy, population growth, affordability, landlord-friendly laws, job opportunities, and so on.

    Remember to approach networking with the goal of learning and making meaningful connections. Ask questions, discuss your goals, and be open to mentorship opportunities. Building a solid network is essential for success in real estate investment.

    Feel free to ask any specific questions you may have, and best of luck with your multifamily investing journey!

    [email protected]832-776-9582Podcast Guest on Show #469
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