All Forum Posts by: Nazanin Boojar

Quote from @Remington Lyman:

Quote from @Nazanin Boojar:

Columbus is almost doing as well as Cincinnati. Cleveland, however, is not my choice since you can't legally rent it out all year long.

 Where are you getting the information about Cleveland? I was not aware of this regulation

When I checked and googled for the legalities, I came across this article from BDBLaw that says:
"In the city of Cleveland, Ohio, short-term rentals are permitted in areas zoned residential but only if the unit is booked 91 days or less per year."

I don't live there though so couldn't find a more recent update.
Does anyone have a more updated source of information? 

Columbus is almost doing as well as Cincinnati. Cleveland, however, is not my choice since you can't legally rent it out all year long.

Quote from @Sam McCormack:

@Nazanin Boojar

I sent you a message

 Just replied.

Quote from @Ryan Thomson:

@Nazanin Boojar Thanks for sharing!

 Sure thing!

Milwaukee, WI has an average of 10.65% cap rate (for SFH)

Jackson, MS: 10.11%

Cincinnati, OH: 9.16%

and Yulee, FL: 7.68%

I am blown away by the high cap rate and income potential of cities like Cincinnati, OH, Jackson, MS, Milwaukee, WI, and Yulee, FL for Short-Term Rental investments. It's really surprising for me to see the potential returns these cities can offer. They're definitely worth considering.

What do you guys think? Have any of you invested in these cities before or have any specific insights to share about the investment opportunities? I'd love to hear your thoughts!

Quote from @Jacob MacIsaac:

Hi friends. I’ve been exploring alternative means to replace my 9-5 income and have settled on long-term rentals to do so. I am closing escrow selling my personal residence in San Diego to move to another part of the county. My expenses will ultimately drop significantly and I’ll have a nice chunk of equity to invest. I have been looking at some metros in Ohio, Wisconsin, and Indiana seeking more stable cash flow and price action. I am having a hard time settling on one specific area though. Does anybody have any resources evaluating neighborhoods, properties, management cos, etc? I could also be willing to provide the capital if someone knowledgeable provides the know-how for my first deal. For the first deal I would ideally like to put up to 40k down and keep another 10k or so for reserves, repairs, etc. thanks for any feedback.

 You first need to choose the location with the biggest potential of property appreciation and short-term rental income. The neighborhood and the property itself will determine the potential of the rental income.

Feel free to DM me and ask any of your question. I'd be more than happy to help you through this journey.

Quote from @Jace Perez:

how can i meet people who would invest with me as a partner? I feel like people will not trust me because of my age and I also do not have a lot of money. and also what would i say to people who i would want to invest with me or have them lend me money.

You need to study and explore the market to the full extent. Finding the right property to invest in confidently so that everyone else will believe in you is going to take a lot of time and effort.
Feel free to DM me and ask anything. I'd be happy to help you through that journey.

Quote from @Nicholas Otero:

Hi Everyone!

My name is Nicholas, I'm new to Bigger Pockets. I'm active duty Air Force about to separate very soon. I'm looking to purchase my first investment property (Particularly a small multifamily) using the VA Loan. I'm just not sure where to begin to look, or when the deal is sealed how I find tenants. Could use a hand. Thank you guys and looking forward to hearing from you all!

- Nicholas

Have you considered short-term rentals?

Finding tenants is not going to be easy, but you can use already existing platforms as a leverage. Management companies will do the headache job for you, while you're enjoying your passive monthly income.

Feel free to DM me to ask any questions regarding finding & purchasing the right property for you and of course, renting.

Quote from @Eric V Harding:

How has your turnkey adventures gone this year? Any providers go above and beyond? 

What trends and regions to you predict will happen next year?

 There are a number of factors you should consider before choosing the region, the most important decision on this journey. You know what they say; location, location, location!
Feel free to DM me and ask you specified questions. I'd be more than happy to help.