All Forum Posts by: Matt Soares

@Matt Soares sounds like you have a great goal in mind. If you're not okay leaving CA and still want to invest there are options for getting into small multi-family with that amount of avail capital in the midwest. 

If you are looking to house hack then I think it really comes down to where do you want to live? Ohio, Arkansas, Iowa, Tennessee would all present options. 

Quote from @Matt Soares:

Sold my home in San Diego and paid off my debt. Have about 60k to invest. Thinking of multi-unit and I will live in one of the units and rent out the rest. I don't have a location yet but considering somewhere in the mid-west. I'm completely new to this. Any advice would help.

 Hey Matt, Ohio is a good market to look in. I am in Cincinnati. Properties around 250k are common here, and with that 60k is a good price to be at. Let me know if Cincinnati is a market that interests you!

Quote from @Matt Soares:

Sold my home in San Diego and paid off my debt. Have about 60k to invest. Thinking of multi-unit and I will live in one of the units and rent out the rest. I don't have a location yet but considering somewhere in the mid-west. I'm completely new to this. Any advice would help.

Hi Matt, I moved to Columbus a few years ago (from Portland, Oregon which was super expensive) to become a full time real estate investor, and ever since, I've completed quite a lot of BRRRRs, flips, and own a successful rental portfolio here in Columbus Ohio. There's so many catalysts for population and job growth (Intel, Honda, Amazon, Nationwide Hospital, etc). I can definitely tell you there's still a lot of positive cash flowing and 1% rule deals and you get amazing appreciation. As an investor and agent here in Columbus Ohio, if you have any questions or want to connect, definitely reach out!

Quote from @Matt Soares:

Sold my home in San Diego and paid off my debt. Have about 60k to invest. Thinking of multi-unit and I will live in one of the units and rent out the rest. I don't have a location yet but considering somewhere in the mid-west. I'm completely new to this. Any advice would help.

That's a smart move to consider a multi-unit strategy for your investment! The Midwest can offer some great opportunities. Places like Columbus, OH have a growing rental market. I'd recommend connecting with local agents and property managers for insights on potential areas. They can help guide you based on your goals.

Quote from @Ali Nichols:

@Matt Soares sounds like you have a great goal in mind. If you're not okay leaving CA and still want to invest there are options for getting into small multi-family with that amount of avail capital in the midwest. 

If you are looking to house hack then I think it really comes down to where do you want to live? Ohio, Arkansas, Iowa, Tennessee would all present options. 

Hey Matt, I agree with Ali. I'm in Iowa and currently under contract for a duplex in rural Iowa at 140K. It needs some work, but this is an example of a live-in house hack/BRRRR. Certainly can stretch that West Coast dollar and don't be fooled, there is absolutely still appreciation here, just not the swings that you see in the coasts.

Quote from @Matt Soares:

Sold my home in San Diego and paid off my debt. Have about 60k to invest. Thinking of multi-unit and I will live in one of the units and rent out the rest. I don't have a location yet but considering somewhere in the mid-west. I'm completely new to this. Any advice would help.

You should check out Columbus or Cincinnati. Your money will go very far, you'd be able to pick up a multifamily portfolio and start your cash flow. Not to mention Ohio is a landlord-friendly state.

Lots of people from California are moving to southern Maine - Greater Portland Area. Really great place to invest given the close proximity to Boston (1.5hr drive) NYC (45 minute flight). I've traveled across the U.S throughout my previous line of work and have yet to find a better place to call my home base. You have the ocean, lakes, rivers, mountains, city, and just about everything else you could imagine. Winter is a bit of a stretch, but if you take a week and go somewhere warm, it's much more manageable. 

Plenty of multis to invest in.

Quote from @Tim Ryan:

You'll need to invest out-of-state of course. Remember that everything outside California is relatively cheap. So don't just look for cheap or cash flow positive. What you need is a growth market. You need to see progress and growth coming to the market, or you could be wasting time in a stagnant market or even worse a declining one. I've seen many Cali investors do this. Also, if everyone is talking about a booming market for the past 3 years its probably too late.

Yes definitely. With the amount of money, I have it's the only option. Thank you.

You'll need to invest out-of-state of course. Remember that everything outside California is relatively cheap. So don't just look for cheap or cash flow positive. What you need is a growth market. You need to see progress and growth coming to the market, or you could be wasting time in a stagnant market or even worse a declining one. I've seen many Cali investors do this. Also, if everyone is talking about a booming market for the past 3 years its probably too late.