All Forum Posts by: Ashley Wong

It seems like each market has its own set of tradeoffs to consider and it ultimately comes down to what I'm optimizing for at this stage of my investor journey. Thanks all for the detailed market insight! The BP community has been incredibly helpful for a newbie like myself and I appreciate everyone who has taken the time to comment. 

@Remington Lyman to clarify when you say that Columbus is good for both - by "both" do you mean LTR and MTR? Or cash flow and appreciation?

Hello BP community! I'm just starting out and considering the following markets for a potential OOS investment property. Anyone have insight on these being better markets for traditional long term rentals vs. 30 day minimum extended stays / MTRs? Will both strategies work in these markets? What are the tradeoffs to consider? (Note: right now I am not considering STRs).

1/ Columbus, OH

2/ Tulsa, OK

3/ Huntsville, AL

For additional context, my main goal is to invest in a market that allows me to cash flow AND build appreciation over time. Given the uncertain macroeconomic environment, I'd also really like to find a market where multiple investment strategies can be used to mitigate risk should I need to pivot quickly. For example: being able to turn a mid term rental --> traditional long term rental if needed or vice versa, without losing significant cash flow. 

I'm also open to considering other markets that might meet this criteria. Any insight here is greatly appreciated, thanks in advance!

@Sarah Weaver  omg I am fan girling a bit :) I just finished reading your book and it is a HUGE inspiration for looking into MTRs specifically. I can't remember the last time I read a book that quickly. 

Mind if I ask, are there any other markets you suggest? I am open to investing OOS (currently based in California) and am eyeing Ohio - specifically Columbus or perhaps Cincinnati for MTRs.

@DJ Dawson thanks for the detailed reply, I appreciate it! It's true that the HOAs are quite high and cut significantly into my cash flow. I'm baking in some pretty conservative factors wrt vacancy, capex, maintenance, etc. and even then I'm cutting it close. I agree that Sacramento will be good long term from an appreciation standpoint but I'm also in a position where I need to see positive cash flow #s, which means I may have to consider OOS or potentially househacking in Sacramento if I find a good opportunity. 

@Scott Scoville really great to connect with you as well!

Hi All, 

I'm a new investor in the Sac area still learning and just getting started. I'm considering trying out the MTR route and looking at a few 1b/1b in South Natomas (pretty close to Natomas Crossing). 

Has anyone seen success with MTRs (30+ day min) in this area? Or is it more lucrative to purchase closer to the hospitals i.e. UC Davis, Sutter, etc. I was mostly looking at South Natomas for its lower price point. 

My goals are cash flow + long term appreciation. Thanks in advance for the guidance!