All Forum Posts by: Nicholas Misch

 They need to be high traffic areas in "trendy" parts of the city, or the alternative is what this forum is discussing being near Cleveland Clinic where travel nurses can be a large part of your tenant base. So the likes of University Circle, Ohio City, Tremont, Edgewater, and some parts of Lakewood are a good starting base.

-Columbus, great for appreciation, pp is a bit higher around $220k for multifamily

-Cincinnati, has a mix of cash flow and appreciation, average multifamily around $180k

-Cleveland, has alot of cashflow potential, average multifam around $140k

There are other smaller markets like Dayton, Akron, and Toledo, however there is not alot of economic drivers to those areas.

Looking for cashflow? Look into Cleveland, its got good cashflow potential with appreciation happening as well.

Looking for appreciation come to Columbus, there are still 1% deals, but the more attractive part is the population growth and other economic drivers! 

I am completely new to Bigger Pockets. I came across Bigger Pockets after stumbling on "Rich Dad Poor Dad". I set a very ambitious goal of earning $250K by 4/16/2027 (~5 years from now). 

Any advice on how to tackle this goal? I bought my first house for $858K. It is valued at $990K and I owe $785. I plan on moving out and renting. 

Brandon Turner suggests to plan on getting ~$100 cash flow from each property - after operating expenses. $250K is $20,833 per month. I don't think I can accumulate 208 multi-family units in this time, if I acquire and flip properties. As such I think I should buy properties in areas that accumulate in value and then sell those properties transferring the profit into 1-3 large multi-family in years 3-5.

I am looking to get into AirBNB in the Cleveland market as well but not sure which part of the city is good for this model. Any suggestions?  

@Shane Kelly @Nicholas Misch Sounds like you're both very familiar with the Cleveland area. Would you be able to share what the general property management fees are on a AirBNB? Or if there are any restrictions in the area for AirBNBs? Thank you so much! 

Sounds like this is a Midwest fest in here. I love the Midwest too, but do some market research on data that pertains to what you're seeking to get from REI, as just because someone says Cleveland is a great city for investment doesn't mean that it fits your goals. Also, narrow down your goals and get them to something that allows you to do research on that data in the first place.

 Why so bullish on Cleveland?

HI ,

Can anyone with experience of REI suggesting what is best 10 cities to invest at current ?

@Nicholas Misch Thank you for your reply!  No brainer indeed!! I originally wanted to buy into a vacation rental market but this last year has been crazy and we seemed to have been priced out.  So going to attempt something more local first. :)

I'm interested in beginning my REI career with purchasing a SFH or condo in Cleveland area (safe neighborhood) to list as a furnished rental for travel medical professionals, supply corporate housing needs, or house temporarily displaced families for insurance companies. Looking for any advice for someone starting out in this realm.