All Forum Posts by: Scott Hamilton

Sorry for the delayed response - Our office has been slammed the last few weeks. Inflation figures came out and even more demand for mortgages than we had before.

Thank you everyone for the replies - I did my best to respond to as many as I could here and will continue to do so this weekend.

At this point, we're looking at:

Ohio - Cleveland, Toledo, Cinnci, Columbus. Leaning toward Toledo and Columbis

San Antonio

If anyone has PM or lender recommendations in the areas let me know or feel free to tag them here. I am a lender myself but don't do a ton of these types of deals so my network is more limited. I have a private lender we'd work with on acquisition but am also looking for a portfolio/long term lender likely a CU or regional bank. 

Thanks again!!

We've done very well in Boise with some assets we bought back in 2009-2012, but the cost/rent ratio is far too high for us now. Lost of demand there, and for good reason! Like you said, strong economy, and lots of people fleeing CA WA and OR to live there. It's a beautiful place.

 Thank you for this James! Will definitely take a look at the link as Cleveland is not a market we've bought in before

Hi Polo - Sorry if I potentially confused you or misspoke. $100-150k is the initial cash outlay we're planning for our first 1-2 properties. I should be able to get a four plex with 30% down, no? (Assuming the high end of our range of $450k)

 hate it. hate cash flow. I only want expenses

 Seems to be lots of interest in OH. I definitely understand what you're saying here conceptually.... But 4 plex for $100k? How is that even possible in this market? Must be in a reallllllly tough neighborhood. I am skeptical, but if you have opportunities like you've described that are worth buying, send me a PM 

 Seems like lots of experience on this thread from OH. Thanks Marc!

Thanks for the comment Raul - I've been looking for experienced people in SA so will reach out!

Hi folks,

I'm an investor out of CA. Our family has a small portfolio of properties in Northern CA as well as Boise, Idaho. We're looking for another out of state market because CA is a nightmare and Boise has sky rocketed recently... Obviously every thing is up right now, but wanted to ask the community what markets you may suggest for long term cash flowing properties. We're ok with having some construction, but will be mostly buy and hold and for now are looking at 2-4 unit buildings with a budget of $100-150k for the first deal or two. 

I've had interest in San Antonio and OKC for some time as lower cost markets compared to what we're used to. Have also heard good things about Ohio and TN. Any suggestions?

@Skye Penland

Im in a similar situation and agree with @Jaspreet Baveja. Im currently looking to do what he mentioned

Passive investment is fine, especially if you have other rentals producing profits to hold against paper losses associated with being a LP. With that said, returns are typically 8-12% CoC and ties up money for usually 3-5 year minimum per the operating agreement. For that reason, I'm trying to go the flip route since I dont want to tie up the funds for that long. Just me $0.02