All Forum Posts by: Ryan Kuja

@Leslie Monroy

Metro Detroit

(my rental portfolio is here)

Purchase: $80k-$130k

Rent: $1200-$1500

ROI: Double Digit

Cash flow: couple hundred/month

Appreciation: Double digit (for past 10 years, will gladly send data)

Location: C, B- (suburbs and certain markets)

We have over a dozen Fortune 500 companies just in Metro Detroit with huge Healthcare and Auto industries.

The bad reputation comes from OOS investors wanting $20k D market properties.

Investors can retire (FIRE) in a few years off these.

Indianapolis is a great market right now.

 Check out affordable housing in Northwest Indiana.

FULL DISCLOSURE; I am severely biased because I love Columbus, Ohio but it is a strong market to invest in for both SFH and MFH. With so much growth over the past several years making it the fastest growing city in Ohio. Home of The Ohio State university bringing in over 60,000+ students yearly which is a strong backbone to the rental market. Columbus has the perfect mix of talented individuals, groundwork, and infrastructure that has been attracting big corporations from the west coast. Intel has just announced a 20+ Billion dollar investment being the largest private sector investment in Ohio's history creating roughly 10,000 jobs. It has cashflow as well as great appreciation. Best of both worlds.

Here is the article on the investment

@Shannon Park It is great that you are well on your way to being a good investor and you have the right mindset! My advice is not to focus not so much on which state is better over another. That is definitely wise to look at big picture but set up your specific buying criteria and go from there. All real estate is local and all markets have their advantages and disadvantages. Your "best" market will fit your investing goals perfectly and one that sparks your interests or passions. Find the market that you can build the best team in. Being out of state, your team will make or break your investment goals. Surrounding yourself with the real estate leaders in an area will make your far more successful in your particular market of choice then min-maxing some numbers on a spreadsheet. Reaching out to the local investor friendly agents is certainly a good start. I personally like KY but I am pretty biased lol.

Indianapolis is a great market right now.

Hey David,

Congrats on purchasing your first real estate investment. I heard Huntsville was a growing market. What were some factors that helped you decide on Huntsville as an investment market? I live here in Washington but purchased two properties while living in Louisville, KY and plan on purchasing more. 

Best,

Bobby