New Investor - looking for markets and brokers/prop mgrs

[Jay Griffiths]

Hi all!

Joined BP about a week ago and have spent the past week digesting info here and elsewhere. I have only owned one investment property (residence turned rental) which I sold at a great time, and now looking to get back into long-term SFH or multifamily investing more seriously to diversify my investments (I'm almost entirely in equities now). I have a solid amount of capital to invest and am looking to invest remotely in the Midwest or South in places that will provide a net income and, of course, ideally also provide at least a minimal amount of appreciation, but I'm definitely leaning more toward the cash flow model given that I'm an older investor. Places like Tuscaloosa and Akron that are mid-size markets that I can get to know well are where I'm leaning for now, but I really have no clue where I'm going to dive in yet and am open to any suggestions. I'd prefer to go somewhere that I can build a long term relationship with a reliable agent/broker and property manager.

To that end, I'm primarily here to network with agents/brokers and property managers who I can partner with to identify and manage great properties.  I don't have the connections or will to do a lot of renovations or remodels - turnkey is my strategy for now in decent+ areas (C or better).  Thinking $150-300k properties based on what I've seen so far.  If there are agents and property managers out there who are able and willing to refer properties, I will invest my $$ there and hopefully we all can benefit.  

I'm also looking for great meetups (online or in person in the Northwest) that focus on nationwide investing trends and values as well as developing relationships with folks I can partner with.  If folks have any suggestions for good, mutually beneficial organizations (not ones that want to charge me $150 just to listen to the same old presentation), I'd love to hear them!

I expect to buy 3-5 properties in the next year if I can find the right deals with hopes to grow at about the same rate year over year.  

Thanks!!

[Samuel Diouf]

Hey Jay, Ohio sounds like the market for you. In Cincinnati you can still buy 1% rule deals and see some appreciation. I would be happy to answer any questions and help build your network in Ohio.