All Forum Posts by: Patrick Drury

@Voley Martin
If you are looking in Columbus I recommend areas like Hilltop, Linden, Eastmoor/ Whitehall, and Franklinton. These are areas where you can cash flow in Columbus because the rent-to-price ratio is favorable. Out of these areas, Franklinton and Linden are seeing some of the most developments. With things like the ONE Linden plan in Linden, which is a 50M plan to improve the neighborhood. Of that 50M, 25M was allocated for the construction of a new recreational faculty that has since been completed. Franklinton has been seeing lots of developments like the completion of Gravity Phase 1 and phases 2 and 3 on the way. As well as coffee shops like Bottoms Up Coffee are moving in and small microbreweries like brew dog and Land Grant

@Damein White
I use Wildcat lending a lot for hard money on my projects in Cleveland 

@Dayana García
The Midwest markets in Ohio are solid like Columbus and Cleveland. Low barrier of entry, landlord friendly and you can find deals that cashflow

@Matt Schreiber
I'm still seeing deals that cashflow in Columbus and cleveland. I actually just bought a duplex that was on the market last month in cleveland. 

@Daniel Grantz
A lot of people looking for cash flow usually start by looking in the Midwest due to the rent-to-price ratio. I would check out Cleveland Ohio it's a great place to start. Landlord-friendly state, low barrier of entry in terms of price, and solid cash flow. 

@Danielle B.
If you are looking in Ohio and want cashflow under 100k Cleveland and Dayton would be great options to look at

@Michael Addison
If you're just getting started in Cleveland I would recommend being in areas on the West Side of Cleveland like West Blvd, Cudell, Old Brooklyn, Clark Fulton, Edgewater, Jefferson, and Brooklyn Centre. The reason is the rent-to-price ratio is good so you can cash flow, and most of the West side doesn’t have a Point of sale inspection which is really annoying.

@Muhammad Danish
If you are looking at the Cleveland market I would recommend being in areas on the West Side of Cleveland like West Blvd, Cudell, Old Brooklyn, Clark Fulton, Edgewater, Jefferson, and Brooklyn Centre. The reason is the rent-to-price ratio is good so you can cash flow, and most of the West side doesn’t have a Point of sale inspection which is really annoying.

@Michael Addison
Something else worth mentioning is if you plan on buying a QM loan you need to buy it in your personal name. If you plan on buying the rental in an LLC you would need a DSCR loan. There are a lot of forums that discuss this topic, but it's worth mentioning since it's frequently asked here on BP. A lot of people also buy properties in their name with a QM/ conventional loan then do a quit claim deed to their LLC.

@Jason Weidmann
The strategy seems solid. I would just narrow down the markets vs trying to look in 4 markets at once and learn each one it will just be too much info. If you look in Ohio I would check out Columbus and Cleveland. You can find something in both of those markets in your price range