Newbie Investor looking for 2nd Property

[Danny Schellinger]

I currently live and work in Chicago, however have a STR property in Florida. I am getting ready for my next acquisition, just exploring different markets, and which route I want to go (BRRRR, Turnkey, STR, LTR, how I want to Acquire/finance, Etc).

Without trying to sound like a dating website, I’d love to connect with like minded people on their thoughts and views of the industry and different markets - either in Chicago or elsewhere. 

Here are a few things for me right now:
-I have about $50K Cash to invest. 
-Do I invest in Chicago? Chicago is not always the best place to invest. If so, what are good areas/good property types? What method is best? (BRRR, Buy and Hold, etc?)
-I like investing in college towns, as I feel it provides STR and LTR opportunities. I also go to Champaign/Urbana for work often. How is this market? would a BRRR be beneficial?

- South Bend, IN also catches my eye for investing. There are a few good properties on the market that I feel have potential. 

- I have only ever purchased a turnkey property. I want to explore BRRRR. What advice does anyone have for someone who has not gone through this process?

[Min Zhang]

Hey Danny! I can’t speak much about other markets, but as someone who started off in Columbus, and grew up in Cleveland. I would say, the Ohio market in general is a very beginner friendly state. I have seen so much growth in Columbus when it comes to appreciation and job opportunities which I have experienced. On average, 80 people move into Columbus weekly. On the other hand, if you have a lower budget, let’s say $100-$150k. Cleveland would be a great market for you. I have experienced cash flow anywhere from 10-18% with so much more to offer. As a real estate agent and an investor, I am on the market daily and explore opportunities for myself and my clients. Let me know if you need assistance!