All Forum Posts by: Samuel Diouf

Welcome to Bigger Pockets Daniel!

If you’re looking to invest locally, it helps to network with as many people in the industry as you can. A great way to start is by attending RE events and joining a local investors association. You can usually find some events by doing a simple google search.

I like using propstream, or the county auditor pages to get raw data.

Welcome to Bigger Pockets Hector!

BP is a great place to learn and connect with fellow investors.

A lot of OOS investors are having great success with BRRRRs here in Ohio. It is very important to have a solid team and strategy in place, because you're taking on a lot more risk than a typical rent ready purchase. I like Columbus for BRRRRs because of the mix of cash-flow and appreciation. When doing BRRRRs you may have to leave some money in your deal but you'll still be able to scale a lot faster than the typical buy & hold strategy. You're COC returns also increase significantly with this strategy.

Cleveland is another market where BRRRRs work. You just need to make sure you hire out the right contractors, as there are a lot of unreliable GCs there.

Welcome to Bigger Pockets Paul!

If you’re looking to invest locally, it helps to network with as many people in the industry as you can. A great way to start is by attending RE events and joining a local investors association. You can usually find some events by doing a simple google search.

Hey Michael, I would be very careful with over leveraging on a deal like this. The spread for with rehab looks solid, but where are you getting the ARV from? Are you sure you can hit the 1.3 million ARV if you were to sell?

Also, do you have enough personal income coming in to cover the negative cash-flow that this deal will have along with the unexpected expenses that may come up? 

Hey Anthony,

If you’re looking for cash flowing markets.. a lot of investors, including myself, are looking in cities like Cleveland.

Cleveland currently has one of the lowest price/rent ratios in the Nation, with the average home price being $107k and the average rent being $1,416/Mo.

When investing in high cash-flow markets, I always recommend working with an investor friendly agent so you're able to gain the right insight into the different areas and the risks involved.

Welcome to BP Jose! 

Have you looked into any markets in the Midwest? A lot of investors based in markets like California and New York are choosing to purchase their investments OOS in the Midwest because of the affordability and numbers making more sense.

Prices in a city like Columbus are still low enough to find 1% rule deals and there's a ton of appreciation happening in this market as well. I actually moved from Florida to Columbus for the real estate. I saw how fast the city was growing and decided to make the jump.

Welcome to Bigger Pockets Gopi!

It helps to network with as many people in the industry as you can. A great way to start is by attending RE events and joining a local investors association. You can usually find some events by doing a simple google search.