All Forum Posts by: Jennifer Stammberger

Houston Texas is one of the best places to invest in real estate. With its booming economy and growing population, there are plenty of opportunities for lucrative investments. If you're looking to get into real estate investing, Houston is definitely a great option. And if you need any help getting started, don't hesitate to reach out. I'm more than happy to guide you through the process!

Definitely Texas and Ohio!  

 You should check out Ohio! Toledo, Cleveland, & Dayton are good rental markets

Ohio is great! Not just because it's where I'm at but because of job growth, population growth, and property values. Cities like Cincinnati and Columbus are great places to look into. 

Hey Everyone...

If you have built out in Joshua Tree area and know a good, honest General Contractor that returns calls I'm ALL EARS!!!  I'm in the building process and have had two GC's just flake and the process is getting very frustrating.  I'm ready to go.  Seems like a totally different work mentality out there as opposed to her on the east coast.  Any insight is appreciated!  

Thank you

Hello,

I have 2 single family houses and a condo in Los Angeles, and have been learning abut Vacation Rentals lately. I'm 2 weeks away from being ready taxes filed etc. to pull the trigger on the next investment property. I have made the decision to purchase a house for the sole purpose of Short Term Rental this time, because I will be able to generate more positive cash flow if everything is set up nicely and it goes well and I can treat it as a business. I initially considered to purchase STR in Florida, but decided to do my first one near where I live so I can learn, and have a hands on experience. I have narrowed down a few areas mainly Palm Springs, Joshua Tree, Yucca valley area, or San Jacinto peak also in that area. Another option is Big Bear, Lake Arrowhead Area, and lastly further near Yosemite and Sequoia National forest which is very seasonal market. I would appreciate any comments or advice and what you think about a specific area that would be good for buying a Vacation Rental with relatively low risk.

Thank you

Hi Jennifer, I personally love Columbus Ohio and as someone who works with a lot of out of state investors - there's so many catalysts for why you should invest here. Specifically, there's job growth (Intel, Honda, Amazon, Nationwide, etc) and the population is growing (unlike Cleveland or Cincy). I really see Columbus Ohio as an extremely safe bet for the next 10-20 years. Plus, there's still so many positive cash flowing and 1% deals here in Columbus Ohio. Just a few weeks ago, I helped a client close on a deal getting them 20% cash on cash return. As a local investor and agent here in Columbus, let me know if you have any questions or want to connect!

Hi @Nicole Masters 

First, we look on a macro level (cities to invest in) and then micro level (specific areas within that city). The cities must meet the criteria below.

Macro level: Rent to value ratios, Unemployment rate, Population growth, Major employers, Workforce diversification, Landlord tenant laws

Micro level: Crime rate, Owner occupancy rate, Vicinity to retail and jobs

In short, we are investing in landlord friendly markets with high rent to value ratio, positive population growth and opportunities. Within that, we select areas with low or no crime, which are close to jobs and to the downtown core.

There are a ton of great investment cities to invest out of state. But do your research within each city you invest in and get a pulse within the market. 

Hey Jennifer,

I feel like vacation market rentals are alway great to look at. We own in the smoky mountains of Tennessee. Blue ridge Georgia  is another one worth looking at.  I live in Kentucky and the bourbon trail is definitely trending upward. 

Hi Jennifer! When considering OOS investing, look for markets with strong economic fundamentals, such as job growth, population growth, and low unemployment rates. This can help ensure that there is a high demand for rental properties in the area.

One state you might want to consider is Ohio, which boasts thriving cities like Columbus, Cincinnati, and Cleveland. I personally focus my investments in Columbus, which has seen a significant increase in property values and is expected to continue this trend in the future. This is due in large part to major corporations like Intel, Honda, Nationwide Children's Hospital, and Wexner Medical Center investing heavily in the region and creating numerous job opportunities. Additionally, Ohio has favorable landlord-tenant laws that provide landlords with more rights and protections.

If you're interested, please let me know how I can assist you further. My team and I also have a good infrastructure in place for out of state investors (i.e. connections to contractors, property management companies, lenders etc.) I would be delighted to discuss this topic with you in greater detail!