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Updated almost 5 years ago,
Newbie From Seattle Looking For Out-of-State Markets
Hey everyone!
I've been lurking here for a few years now, but I've finally resolved to buy my first property this year! I'm a buy-and-hold investor looking to invest in single & multifamily properties out of state. Ideally, I'd like to target A/B class properties with a minimum rent of $900/month and a levered cashflow of $200/unit while maximizing CoC returns. Does anyone have any recommendations for markets where these types of deals can be easily attainable?
I'm currently considering St. Louis, Indianapolis, and Cleveland and would appreciate any referrals for property managers or agents.
Thanks,
Evan