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Updated 10 months ago on . Most recent reply

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6
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13
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Mike Most
13
Votes |
6
Posts

Debating between markets

Mike Most
Posted

Hi,

I have done and still own some small multi families in NJ area since I live with in the hour drive. Being that competition is big, it no longer makes sense the numbers that have to be offered in order to get the deal.

I’m looking in to shifting to out of state and I’m open to be on site pretty often by hopping on to a flight.

I’m debating between markets in TX and Ohio but in the same time willing to hear that I’m completely off between these 2 states or that their are better.

I am looking for places where population is growing, prices are not too high, landlord friendly, rent are above $1200 for 2BR, big businesses and jobs and a very big focus by me is to be in a safe area.

I would appreciate if I can get some honest opinions on this. TIA

Most Popular Reply

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439
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210
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Ty Coutts
  • Lender
  • Colorado
210
Votes |
439
Posts
Ty Coutts
  • Lender
  • Colorado
Replied

Shifting your focus to out-of-state markets like Texas and Ohio can be a good strategy. Texas cities like Austin, Dallas, and Houston are experiencing population growth, have strong job markets, and are generally landlord-friendly. Ohio, particularly cities like Columbus and Cincinnati, offers lower property prices with decent rental yields and growing populations.

Both states meet your criteria, but Texas might have higher property prices compared to Ohio. Consider factors like flight convenience, property management options, and your comfort level with the local market conditions. Research specific neighborhoods for safety and rental demand to ensure they align with your investment goals.

Hope this helps. Feel free to reach out if you have any other questions

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Ty Coutts - Aslan Home Lending
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