All Forum Posts by: Donnie Tucker

@Donnie Tucker
The Midwest markets are great for investing in form out of state. They have a low barrier of entry, they are landlord-friendly and you can find deals that cashflow. I would recommend checking out Columbus and Cleveland OH markets in the Midwest. 

Hey Donnie, any particular location that's caught your eye so far? There are a few sites that would be ideal for you to use. Zillow is great for overall market trends, neighborhood comparisons, and estimated home values. Redfin offers comprehensive data and reports with unique insights like demographics, commute times, and school ratings and Realtor.com is excellent for filtering by specific criteria like market, property type, and budget. Their user-friendly interface makes it easy to narrow down your search, you should give those a try first. Hope this helps!

Hey Donnie, I would recommend you to look into the Ohio market. Columbus has been booming lately, thanks to big tech companies like Intel ($20 billion), Meta, Amazon, and Google setting up shop here. This has led to a rise in property prices and an influx of people seeking job opportunities in the city. I also have investments in Cleveland and Dayton. Please let me know if there is any way I can be of assistance. Let me know how can I help

I've found out that Zillow can be a great place to find some specific data. You can filter the data you are looking for based on whichever markets are in your list of potential candidates.

https://www.zillow.com/research/data/

If you are looking for more information about migration patterns and employment opportunities, I would recommend the U.S. Bureau of Labor Statistics:

https://www.bls.gov/ces/

If you have a more specific city in mind, you can always visit the city/county website and see what kind of public information they have, such as new developments, etc.

I hope this was helpful to you. Feel free to DM me if I can be of further assistance.

Quote from @Sino U.:

Quote from @John McDonald:

Who would have ever thought that the midwest would be such a "hot market". How times have changed. 

@Sino U., don't worry about others enthusiasm, only about your own. Realtors work for you. Have a plan and leverage them towards your goal. They're not going to do it for you, no one will. You have to apply pressure when necessary to keep the ball rolling. There's LOTS of wanna be investors who start down the road, make a lot calls and take no action. If you want it to happen, YOU have to make it happen. 

Good luck with your journey.

Cheres,

 I totally agree with your sentiment. I guess my issue so far has been like the knowledge of a realtor, they just seem to be rolling with what I said vs giving a detailed explanation of the neighborhood. Maybe I am the one who is asking the wrong question :) 

In terms of the neighborhood, you can learn alot from demographic data(this tells you what it's like right now), sales trend data(this tells you how it's projecting - are you seeing an increase in property values) and new listings..are now homes being built, are other rehabbers in the area, are there LOTS of rentals or only a few. These data will direct you to neighborhoods that meet your investment criteria. Then contact a realtor and let them know that you're looking for homes in those areas.

I find that most realtors aren't really interested in "working with investors", they're only interested in closing a deal. Once you start getting some volume under your belt, they'll be reaching out to you with deals. But that takes time to build that trust.

In the mean time, it'll be up to you to trudge through the deep snow to make a path. The first one is always the hardest. 

Quote from @Sino U.:

Honestly, I thought I would go ahead and start with Columbus market and based on some of the data that I have seen it made sense. Now I am just not sure. I guess for few reasons;

1) fear of out of state investing - yes I have read all the posts about how some oos investors made it, podcasts sharing their stories and etc. My issue is finding it hard to believe someone's be it realtor or PM word oh how they can help and etc. 
2) Realtors - I mean based on my few interactions, they all seem to be enthusiastic and stuff but when you jump on call it's like YES and NO answers and pretty much. 

For those who started with out of state investing I would love to hear some of your advice that you can give to me. 

Cheers. 

 In 30 minutes I can change your mind about columbus I'm not selling existing inventory and not putting you on a drip. most of our strategies are new construction and land and planning and working with investors on their goals one on one. I'm a general contractor and builder and we do this for people all over the United States here in columbus / Central Ohio I'll send you a PM