All Forum Posts by: Shalini Haylock

Hello Everyone!

I am looking forward to interacting and learning from everyone. I have been a Bigger Pockets podcast listener for some time and am excited to, learn, grow, and have more time with family and friends.

Happy New Year!

Moses

Hello everyone my names Diego madera I’m 17 and I’ve been learning about real estate for about 2.5 year’s now I started by learning wholesaling but I haven’t taken any action this last year I learned about house hacking and fha loans I’m really gonna focus on building my credit and focus on getting my license since I turn 18 this year and I really wanna aim towards getting a triplex where I can net positive cash flow and just keep on progressing from there this is my first post that I want to hold my self accountable with 

Hi @Shalini Haylock,
I'm based in Southern California, but I have started my out-of-state real estate journey in Indianapolis. Now, I have a portfolio of Short Term Rentals and Long Term Rentals. I've started looking at Columbus because my business partners have found success doing Mid Term Rentals there and the returns are solid.

I've also helped other investors with their DSCR loans and flip projects in Columbus. Happy to share my experiences and chat with you more if you're interested.

 What purchase price range are you looking in?

Hey Shalini, it's always great to have a clear goal and see your plan unfold! Out-of-state investing can be a fantastic strategy. Markets like Cleveland and Columbus offer interesting possibilities as well.

If cashflow is your top priority, Cleveland's reliable rents and predictable income could be a strong contender. However, if your sights are set on long-term appreciation, Columbus might be more appealing. Ongoing population growth, a thriving tech scene and strong economic factors point towards potential value increases down the line. I'd be happy to connect if you wish to know more.

G'Day Shalini,

Welcome to BP 👍

Slow and steady.

I've said it for years.

Take your time in finding the right people/team more so than focusing on the stats/demographics of a particular market.

If you can establish the right team, they can make your investment good/profitable even in a poor market and vice versa.

Toledo is great but can be a tough cookie also.

Enjoy the wealth of knowledge BP has to offer and much success with your investing 🙏👍

 Depending on your purchase price max Cincinnati and Northern Ky would likely be a good market for you. Cash flowing areas, landlord friendly states, appreciation potential (I would like to say more in NKY than Cincinnati, just depends where at), etc. Let me know if that is something you would be interested in!

Welcome to BiggerPockets!

I look forward to reading about your first purchase this year!

Hey Shalini, 

congrats on getting started! When finding an out of state market to invest in, I would start by finding a few markets that catch your eye. Then research on the areas that you are interested in, I would identify industries with positive growth trends, analyze market reports, industry publications, and economic forecasts, consider emerging markets and technologies.

Personally, I invest in Columbus. I believe there will be high appreciation here, due to many large companies pumping money into our area, such as Intel, Google, and Amazon.

In general, Ohio is a highly cash-flowing state. If you're looking for more cash flow and less appreciation, Cincinnati and Cleveland are good options as well.

 That is good! Definity take advantage of all of the resources pro members get like the investment calculator. I would look out-of-state into the Midwest here in Columbus. There is ton of growth opportunities and the property prices are soaring. 

I would find a really good investor agent and have them find you your core-4. Once you find your team and develop your funnel, you can sit back and buy great deals.