Quote from @Chaitanya M.:
Hello Friends!! I am new to BP and real estate with a grand total of 0 deals done so really looking to get started and would love to learn from all of you experienced investors here.
I am looking to acquire a property in the next 6 to 8 months. I am willing to put down 80 to 100k into it and am looking for 15 to 20% annual ROI. Would love to know if this is a realistic ROI and if so, what markets to be looking at.
I am flexible in where to invest and type of properties (multi family / commercial, etc). I am not looking to do a fix and flip/BRRR as i do not have the experience to do it, especially if doing it out of state.
Would love to hear what your thoughts are on 1) what markets to look at and 2) what your advice on how to get started/doing some research and 3) What are the risks associated (i.e. XYZ market is great, but has this one company and if goes bust, the rents are all gone, etc. etc.)
Thank you in advance for your time in reading and replying to this post.
Definitely check out ohio, Cleveland is in biggerpockets top 5 for cashflow cities https://www.biggerpockets.com/...
Columbus can also have decent cashflow, but is more appreciation driven than Cleveland. Its also the fasted growing metro area in the midwest.
Cleveland is about 60% renters and is majority multifamily. We have some of the world's best hospitals and a strong STR and MTR presence around the hospitals and great rents in other parts of the city.
Columbus, like i said, is growing rapidly. We have tons of large corporations investing here like intel ($20B), Hyperion ($225M), Sarepta ($30M), and others.
Heres an infographic of the major ones in ohio
