All Forum Posts by: Shane Cloutier

TL:DR = Too Long Didn't Read 

@Julie Williams with you moving further and further away from your home area, have you considered long distance investing in a better market? The mid-west is heating up for some investors who want to flee the harsher markets of the east and west coast states. 

@Adonna Villanueva you are most welcome. Rentals are not too bad in northern NH if you can find them. The market is very limited in inventory so we chose to invest long distance in Toledo, Ohio. The price to enter the market is much more accessible there. We are actually working with @Mike Mocek who messaged you above on our first steps into that market. 

@Adonna Villanueva if you have property of your own you can take out a Heloc to help you fund your project. My wife and I are doing that ourselves. Or you could look for other small investors to team up with and share the equity. If the ARV is going to be decent you could go for a BRRRR. Refinance out the money you used on repairs plus some extra and offer a chance for someone to make some interest on a short term private loan. Free free to ask us anything , we will gladly talk with you more about the options.

@Evan Dieffenbach Certainly, we had one big reason. The price to enter the market. Both markets showed potential cashflow, Columbus wins out on appreciation but we care less about appreciation. I especially care less about appreciation when I feel the overall market nationwide has gone too high to remain rising.  Toledo will not appreciate as much but rent is solid in good neighborhoods and will cost me less to invest. My investment strategy is about residual income, so rent over appreciation everyday. 

@Evan Dieffenbach I would go with making your money work for you. Investing will allow you to increase your income and then continuing that snowball till you can pay off your student debt in one payment.  @Hai Loc is right, you and your partner can get started quite easily in the mid-west with 30k. My wife and I are working on investing in Toledo , Ohio and seen many properties where your 30k would get you most of a cash flowing property. 

@Amy Young what does your lease say? 

@Jeremy C. you are most welcome! And I hope you enjoy your weekend.  We have family who come up from Baltimore and they often stay in Lincoln so we will go down and visit there when they come.  We still bring them back up above the mountains at least once each visit because my mother-law loves Grandma's Kitchen in Whitefield. 

I knew when I brought up Ohio you would see a bunch of the contacts we have made there show up, lol.

@Mike Mocek is who we are working with in Toledo on our first investment in Ohio. 

@Jeremy C. welcome to the real estate family! 

My wife and I are in the northern end of New Hampshire. We have the same problem in the north with limited inventory. As my wife and I worked our way further and further from our home to find deals we realized we were transitioning into long distance investing. So since we had gone that far in state we decided to look into other markets to find a better chance to find deals. We still watch locally for the possible deals but now we spend the lion's share of our time pursuing deals in Ohio, specifically Toledo for our first long distance market. If you ever decide to do long distance investing we have found so much help right here on BP for networking as well as advice on the process. 

Hello @Kyle Smith,

Welcome to the real estate family! My wife Tameka and I are from northern NH. We work with people all over the state as well as investing in other states through long distance investing. We started our real estate journey last year in April. Feel free to ask us about anything and we will help anyway we can. Take care and good hunting to you!