All Forum Posts by: Diane Bonheur

Congrats on the liquid to invest! Looks like you have alot of options. Let me know if you still looking for some or want to talk out options. Great problem to have. 🙂

If you are a real estate investor who is working with a small budget but still looking for the best rental markets for cash flow you are in luck. Investing in cheap real estate markets is what we do here at HoltonWise. One of the best markets for real estate investing with (almost) no money is Elyria, Ohio. The city of Elyria is located in the Cleveland housing market which is known as one of the best markets for investing in affordable housing. In the 1,124th episode of The MLS Search & Analysis Show James Wise is working with an investor named Anthony. Anthony is from New Jersey. New Jersey is not one of the best markets for long term buy and hold real estate investing. Why because New Jersey's property taxes are very high. The cost of New Jersey housing is very expensive. The landlord tenant policies in New Jersey are very tenant friendly. All of these reasons are why Anthony has chosen to look for the best markets for real estate investing without a lot of money as opposed to investing at home in New Jersey. As Elyria, Ohio is one of the best markets for budget homes James Wise is able to set Anthony up with a very cheap single family rental property that should be a great long term buy and hold investment for Anthony. Best of all, Anthony does not need to worry about leaving New Jersey to deal with his Cleveland area rental property as HoltonWise provides full service property management in the Cleveland housing market for out of state investors like Anthony. Reach out to HoltonWise today if you are considering investing in cheap rental properties in the United States.

CLICK HERE TO WATCH THE SHOW

Investing in the Most Affordable Housing Markets in the USA | MLS Search & Analysis 1,124 - 254 Lake

Hi Diana! Welcome to BP! So happy to have you join the community :) there are tons of ways to get started in RE investing. I believe the catch for most people in strategy and niche. Those two things seem to put a linchpin into the game plan as far as finding a place to start. The good news is that you have UNLIMITED resources here on BP to find what it is you want to accomplish. More than happy to connect with you to talk specifics. Congratulations on taking the next step!

@Diane Bonheur

Hello! Typically finding just one piece first will be able to get you in touch with the rest. Like a great agent, who is investor friendly, doesn’t have to be me lol, but I am an investor agent here in Cleveland.

Agents/realtors should have connections for the remaining pieces.

Also saw your question on section 8, MF. Absolutely a great strategy to do here and still possibly to cash flow hundreds of dollars every month even with the high rates. Lots of MF throughout Cleveland and Akron

@Diane Bonheur  There are a couple things you might want to also keep in mind before you are too deep in a deal. New Jersey and CT have the highest property tax rates in the country. Also, check assessed land values versus assessed total values in the county where the property sits. If the land value is very high, it can limit your tax benefits and cash flow with cost segregation.

Cost segregation can give you tax benefits and extra cash flow the first year you own the property. If you need to do extensive improvements/renovations down the road you will also have some nice tax benefits. The key is getting a good RE consultant that specializes in no-cost consulting, engineering-based cost segregation estimates, and reasonable study costs who works with your CPA/tax professional. Let me know if you have additional questions. 

Start by checking out the Bigger Pockets "BUILD YOUR TEAM" tab above

Hey @Diane Bonheur - you really only need 1 person from the CORE 4 who will be able to put you in touch with the remaining 3. 

I recommend starting with the real estate broker (you can search on BiggerPockets) as they are typically the most connected in any market. 

Hi Diane,

I own approximately 200 units in 10 apartment complexes in Mentor, Painesville, and Akron.  I really love Lake County.  It has been very good to me.  Feel free to pick my brain. 

That is open to everyone on BP.

BP Podcast 238 one of the OGs!!

Swanny