All Forum Posts by: Jayson Cain

If you're looking for cashflow, Midwest metros are great. If you want to do STRs then that expands to a lot more markets. Below are some metros  where our investors currently buy properties for long-term rentals:

• Columbus, OH
• Memphis, TN
• South Bend, IN
• Baltimore, MD
• Allentown, PA
• Pittsburg, PA
• Jacksonville, FL
  
• Orlando, FL
  

Let me know if you need to make connections in those markets. I'd be happy to make introductions for you. I personally invest in Indianapolis, IN for my own portfolio so if you have any interest in that area as well, I'd be happy to connect you with some vendors.

@Amedeo M. I'm an OOS investor with a portfolio in Indianapolis. Happy to connect you with someone that helped me grow my portfolio in Indy. 

@Josh Smith Happy to help as a sounding board with what you're trying to do. I own and manage STRs locally and out of state. Also have experience with lenders who can finance these types of deals. 

@Elizabeth Nourse With your high credit score and experience, you can definitely qualify for a lot of loan products. It just depends on what your goals are for the properties. If you want maximum cash-out for the refinance, you can probably get up to 80% if it still DSCRs with your existing lease or current market rates in DC.

I did a cash-out refinance for my portfolio in Indy this year for properties I plan to hold for at least 5+ years. Happy to walk you through your scenario if you're still researching. 

Had a great time last meet up! Excited for this next one @Mat Yuriditsky

Aloha Randy,

If you're looking for cashflow, investing out of Hawaii is definitely the way to go. I help other investors with their out-of-state investments and most pick Midwestern markets for cashflow.  Places where our investors currently buy properties:

• Columbus, OH
• Memphis, TN
• South Bend, IN
• Baltimore, MD
• Allentown, PA
• Pittsburg, PA

Let me know if you need to make connections in those markets to get started on your research. I'd be happy to make introductions for you. I personally invest in Indianapolis, IN for my own portfolio so if you have any interest in that area as well, I'd be happy

Congrats on your first investment!

Hi John,

Welcome to BiggerPockets!

I help other investors with their out-of-state investments and most pick Midwestern markets for cashflow. With your criteria, you can get a decent cash-flowing property in a nice C-B neighborhood. Places where our investors currently buy properties:

• Columbus, OH
• Memphis, TN
• South Bend, IN
• Baltimore, MD
• Allentown, PA
• Pittsburg, PA

Let me know if you need to make connections in those markets to get started on your research. I'd be happy to make introductions for you. I personally invest in Indianapolis, IN for my own portfolio so if you have any interest in that area as well, I'd be happy to help. 

Hi Sean,

There are lots of ways that you can finance the property under an LLC instead of going through traditional banks. Happy to refer you to some lenders I've used to finance properties in Indianapolis.

@Andrew Merritt There are 30-year portfolio loans available that you can get. I did this for A-B class properties that I know I'm going to hold for 5+ years. Couple of things to keep in mind when doing a portfolio/blanket-type loans:

• -Subject properties usually need to be in the same state.
• -Loan amounts are based on an individual asset basis
• -Maximum properties per portfolio is usually 10 or less

 I'd be happy to help you with your scenario and see if it fits the guideline of the portfolio loan I used for my own portfolio.