All Forum Posts by: Samuel Diouf

A lot of investors based in markets like New Jersey are choosing to purchase their investments OOS in the Midwest because of the affordability and numbers making more sense.

If taxes are eating into your cash flow.. you could be looking in the wrong areas (Properties cashflow the best in C locations) or possibly you're just looking at deals on-market that are overpriced. 

Cleveland is another market you could look into as well where the cashflow is a lot higher. You might take a hit on appreciation, though.

Welcome back Brian! It's a great time to jump back in the market.

When looking for the better price/rent ratios and COC returns.. a lot of investors are looking in markets like Akron and Cleveland. I personally like Cleveland over Akron because there is so much more volume, which makes it possible to build bigger teams, do more deals, and scale quicker.

Currently, Cleveland has one of the lowest price/rent ratios in the Nation, with the average home price being $187k 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 on the different areas and the risks involved.

Welcome to Bigger Pockets Joe!

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

If you’re looking to invest long distance, I definitely recommend building your core-4 team. This team consists of an Investor Focused Agent, Lender, Contractor, and PM.

Read this article on the "core 4". It explains the team that you should develop to have a strong foundation under you while investing remotely.

https://www.biggerpockets.com/blog/core-four-real-estate-team

Hey Clint, I see OOS investors have a lot of success when starting with duplexes and smaller SFHs, as they have less moving parts and demand from both investors and owner occupants.

As to what market to choose.. I would first decide on whether you want appreciation, cashflow, or a mix of both. If you want cashflow.. look for markets with low entry prices and higher rent averages. If you want appreciation, identify markets with expanding industries, positive growth trends, and bright economic forecasts.

Hey Doug,

I'd say house-hacking is one of the best ways to get your foot in the door of real estate investing. Especially when you're in an appreciating market like Columbus. You’re able to learn the basics of a real estate investment with lower risk and build equity at the same time.

With 5% down, returns on cash invested could be huge when you factor in the appreciation gains. You can double your money in one year if your property appreciates only 5%.

Welcome to Bigger Pockets Kerron!

When investing in Cleveland, I'd make sure you have a solid understanding of the different areas. It's also important to have a solid team around you. Start with something that's turnkey with value-add potential. Use this experience to work out the kinks and build a strong, reliable team. 

Welcome to Bigger Pockets Marcy!

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

Hey Trent, I'd be glad to connect you with my go-to PM. 

I love house hacking because you can get into the higher priced areas and leverage your money very effectively. 

When house-hacking with 5% down, returns on cash invested could be huge when you factor in the appreciation gains. You can double your money in one year if your property appreciates only 5%.

If you are considering the OOS route, there are a few markets that have both cash-flow and appreciation you could look into.