Where are you investing right now? (2-4 family hold/flip <$200k)

[Daniel Akerman]

I'd love to hear about where people are investing and finding success!! I'm a real estate agent doing residential sales in Manhattan, and a beginning investor looking to invest out of state. I've done my reading and my research, and now it's getting to be brass-tacks time and start looking for and finding deals. Anywhere in the U.S. is fine. Some areas I'm interested in are northern Florida; Columbus, Ohio; Detroit, Michigan; Philadelphia and Pittsburgh; Denver and surrounding areas, but I'm open to anything, anywhere. Share your success stories ! I look forward to learning from you all.

[Art Mimnaugh]

@Daniel Akerman so I am a Bay Area investor that has four 4 plex’s in Columbus all purchased in the last 12 months.   The deals can be had but do require a lot more work and deep knowledge of the areas from your on the ground team.   I have seen and heard stories of investors getting a great deal on a property but can’t get units filled at market rates based on area.   It goes without saying that PM makes a big difference.   I know you are looking for numbers and they do vary but I have a building on east side that I am in at $125k, in a C Area that had rents at $575 that I have pushed up to $625-$650 with all sub-metered tenet paid utilities.   On the west side also pushed up rents by $50-$100 to re-stabilize the property as well as rehabbed a few of the units.   Happy to discuss any Other questions you have as well as some other challenges I have run into if you want to PM me.

Cheers,

Art