All Forum Posts by: Genesis Duncan

This is so interesting. I had to look up what a POS inspection was. We don't have those here. It looks like several of the areas I've been looking at require them. To make sure I understand, these are done by the sellers correct? And if the city inspector finds issues then who is responsible for the repairs?

 Hi Samuel, Thanks for the recommendations! Old Brooklyn was already on my list, but I'll add the other neighborhoods to my research list. 

I appreciate your insight! We're on the same page. I'm not interested in the sight-unseen approach. The Midwest is of particular interest to us specifically because we are there often. More context: My husband is from the Midwest and friends & in-laws are sprinkled throughout Iowa, N. Kentucky, and Central Missouri. As the parents age, we'll probably move to Des Moines or Cincy, so I'm thinking of the bigger picture. 

Quote from @Travis Biziorek:

Hey Genesis, congrats on looking for your second rental.

I'd highly recommend throwing Detroit on your list of places to check out. It's near most Ohio markets but is far less saturated. It's also seen some stellar price appreciation with the median price doubling in the last 5 years.

I own 12-doors there myself and live in California.

Thanks Travis! I'm just getting started, so open to considering other Midwest markets. I've heard good things about Detroit for both cash flow and appreciation, so definitely will consider. May I reach out if I have questions about the REI landscape?

Hi Kerlous! Thanks for your reply. I would appreciate some referrals to help jump-start our search. I want to learn from and network with folks who are on the ground as I know a team is crucial to our out-of-state investing plans. 

Hi Brady, I was sort of in your shoes a year ago! We purchased a house hack in Portland, Oregon. Technically a SF, but we have an ADU on the property that we live in and rent out our main house.

I love the fact that my tenants are paying most of our mortgage and if you benefit from those duplicating expenses in traveling healthcare, I'd imagine it will enrich you in more ways than just your tenants covering your costs. I also think it's great that our property isn't sitting empty when we're gone and because we own and live on-site, our neighbors also keep an eye out for us. 

Hi all!

My name is Genesis. I'm not quite new to BP, been lurking in these forums for over a year now, but thought it was time to introduce myself.

I have one SF rental in Portland, Oregon, and am looking to purchase our first out-of-state investment. Specifically interested in buy and hold SF or MF properties with a focus on cash flow. 

Currently looking at Iowa: Cedar Rapids/Quad Cities and Ohio: Cleveland/Akron/Dayton. Would love to connect with others to start growing my network.

Looking forward to learning from all of you!