All Forum Posts by: Lee Yoder

I also second what @Brock Mogensen and @Marcus Auerbach said: 1) You won't get the correct picture of a city when you simply look up the statistics of that city, 2) Many cities that don't meet the metrics most investors look for are the cities that cash flow very well (primarily because they don't meet the metrics most investors use so they aren't as crazy-competitive), and 3) It's much more important to put together a good team to help you find deals and manage your properties than it is to pick a city that meets the metrics you've rightly come up with.

Good luck and God bless!

@Sam Silverman, thank you for taking the time to educate. I have learned a lot from your posts. We're syndicators in SW Ohio. Good luck and God bless!

@Kieren Gromowski, I would start with looking for a local REIA club and then look for other meet-ups in your area. You should be able to find meet-ups talked about here on BP. Not all meet-ups are equal and not all will benefit you. But, if you try a few, I think you'll find some good people who will help you grow.

@Alexandra Feig, I would look to the Midwest for cash flow and the Southeast for appreciation. However, the number one factor in determining where to invest is where you can build a team. By "team", I'm primarily talking about your realtor/broker and your property manger. The hardest thing to do today is to find a good deal, so you'll need someone sending you off-market deals. The next hardest thing to do is to manage a property well, so you'll need a good PM. 

@Kieren Gromowski, I would network with people near you who are already investing in MF. Try to partner with them, even if it's only by investing your capital, so that you can learn from them. Then, try to do it on your own. 

@Andy Tang, the only factor in your decision between Milwaukee and Cincinnati should be the difference between your team in those cities. In whichever city you are able to build a good team that you trust, that's the city you should invest in. The potential cash flow and appreciation won't matter at all if you don't have a good team. By "team", I'm mostly talking about your property manager. 

@Alex Parshin, @Lynne Hodges, and @Lisa T., we own 3 apartments totaling 188 units in Dayton, and we've been very happy with our property manager, Vic Green Realty. DM me if you'd like more information or if you just want to talk. 

We buy 40-150 unit apartments in Dayton and we love the market because of the cash flow, @Kevin Phillips. If you're looking for SF rentals or small MF, I would suggest you connect with @Todd Pultz. 

@Dan Hood, I suggest joining the Dayton and/or Cincinnati REIA.

Congrats Dj Hume! This looks like a great project. I think the best way to get a decent deal these days is to find apartments that needs a ton of work.