All Forum Posts by: Luca Giani

@Luca Giani

Hey Luca, I know you aren't looking in Cincinnati, Oh. But I can tell you, I have what you need and more at that price range (SFH and maybe a duplex). Let me know if you're interested in Cincinnati, another cash flow market!

Hello Luca! The midwest has been great for OOS investors over the years. Markets such as Columbus, OH where there is job and population growth continue to rise the market has and will continue to pay strong dividends for investors. Along with Toledo, which is a strong cashflow market and has a very affordable entry point. I can share my Columbus and Toledo investor packages with you.

@Luca Giani

You might want to follow the "Deep Dive" series we're doing on our BiggerPockets blog about Metro Detroit cities, City of Detroit Neighborhoods and comparing Metro Detroit to other hotspots investors usually consider:

https://www.biggerpockets.com/...
(links also available @ our website)

Toledo is a great market that you’d be able to find cash flowing properties in that price range. Let me know if you’d like to connect and I can share my resources with you!

@Luca Giani You'll probably get a lot of bites on this post from people in Detroit. Many folks working these types of properties across the Midwest to include Detroit. Some people I've seen here on BP call Detroit an easy place to find deals and a great cash-flowing market. Having been there and looked at properties in the area, be careful taking their word. 

I am from Michigan, but now live back and forth between FL & CA. As a potential out-of-state investor myself, wondering why you're looking for properties that have the potential to generate cash flow instead of properties already cash-flowing. Are you going to be BRRRRing?

Just curious because in most areas in Detroit, cash flow is really the only reason out-of-state investors buy. Historically, appreciation has been abysmal compared to other markets across the country (except for maybe 2019-2021).

You should start by talking with your tittle company and an attorney in your area with experience in real estate investing.

You may want to check with your lender and see if they have a Due on Sale clause associated with their loans before you go through with that plan, just to CYA. Although it isn't super common for lenders to use that, it can happen.