All Forum Posts by: Samuel Diouf

Nice job acquiring the first deal. Keep us posted on the journey!

Hey Johnny,

Single-family homes and multifamily properties both have their pros and cons. Single-family homes benefit from a larger buyer pool, appealing to families and owner-occupants, which makes them easier to sell. They also tend to have lower tenant turnover and simpler management. However, vacancy means covering 100% of the expenses.

Multifamily properties almost always generate higher cash flow due to multiple income streams, which also reduces the risk of vacancies. They make it easier to scale your portfolio and build wealth. That said, the fewer units a property has, the easier it is to manage, so smaller multifamily properties can offer a good balance between cash flow and simplicity. Multifamily properties do require more management overall and typically appeal to a smaller, investor-focused buyer pool.

At my stage, I prefer small MFH over anything else because of the stronger cash flow, scalability, and the more forgiving capex compared to larger MFH, but the best option depends on your goals and strategy.

Hey Raju, have you looked into Columbus, Ohio? There's a ton of appreciation going on in the city, with a lot of large companies investing billions into the market. Big companies like Intel, Honda, Google, and Microsoft are leading the growth, causing Columbus to become a major tech hub.

You can find cash flowing SFHs in neighborhoods like Reeb Hosack, Hilltop, Linden, and Whitehall. 

Welcome to Bigger Pockets Ryan!

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

Congrats on securing a good job! Both of these markets are great, but they are very different. 

Columbus is going to be the best option for a market that's seeing a lot of economic growth with heavy appreciation and a little cash-flow in certain areas. Where Cleveland is a great market for heavy cash-flow and slight appreciation. Cleveland has one of the lowest rent/price ratios in the nation.

When looking to be under $100k, Cleveland will be the better option because you're not going to find any rent-ready deals in Columbus at that price range. 

 I'd be glad to send you my top choices for PM in the Cleveland areas.

Hey Csingh, 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.

Hey Sunny, I'm based out of Columbus, Ohio and would love to connect. 

Hey Julie, in Franklinton there are plenty of large projects going on that will bring massive growth to the west side of Columbus, such as the Peninsula Development, which is a multiphase project that will erect a 24 story apartment complex featuring a grocery store, a multi use office space building, and a new hotel featuring a two-story venue.

It will depend on what your goals are, but if you'd like to scale fast, you could leverage the $100k cash to buy 2 or 3 duplexes in lower priced markets that have higher rent/price ratios.

You could use these properties to learn the ins-outs of OOS investing and use these to build your network and confidence in the market. Once you have stabilized these properties and feel more confident about the process, you could refinance these and start doing BRRRRs.