All Forum Posts by: Simon Ashbaugh

I've decided to look to buy my first true investment property in the near future and despite knowing how to run the numbers, I'm having a difficult time deciding where I should be looking to buy. I'm considering either a small multifamily (duplex or fourplex) or perhaps a single family that will be easy to rent and cash flow. Where I live is way too expensive to cash flow so I was thinking a landlord friendly state in the midwest, something with plenty of inventory for me to find a good deal but also strong rental demand. For those who invested out of state, how did you decide on your market? Where are some good areas I should check out?

Checkout Ohio! Columbus is the fastest growing metropolitan area in the midwest with decent cashflow, and appreciation 8% higher than the national average. Cleveland is incredible for cash flow, with 55% of households occupied by renters. Happy to chat more in-depth on these markets if you shoot me a DM!

2 Votes

@Amit Chawla Just sent you a dm

1 Vote

@Bryan Ester there are a lot of options. Ohio is a great example. You could buy in Columbus where appreciation is 8% higher than the national average and hold till it's paid off. Properties in Columbus typically cash flow something, so you most likely won't just be breaking even. All the while you can leverage the high value of the property via REFI or HELOC. Or buy in Cleveland where the entry price is low, and rents are high, and cash flow a ton. or you could mix the 2 and buy in both and have a couple of rapidly appreciating properties in Columbus and a couple of high cash-flowing properties in Cleveland. Lots of options, I'd be happy to chat more on the subject if you want!

1 Vote

Los Angeles County, California

Quote from @Richard Pallarino:

Hi y'all,

I am wondering, can I buy a duplex or triplex and get it section 8 approved to then accept section 8 vouchers? Looking to do this in states such as Ohio, Wisconsin, Indiana, and Kentucky.

Thanks,

Rich

Yes this will work great in Columbus OH and Cleveland OH

3 Votes

@Matthew DeMichele I would highly recommend a 2-4 unit in Columbus Ohio. Our appreciation has been 8% higher than the national average and isn't slowing. We have Intel, Limited brands, Nationwide, and many more, so we have plenty of jobs. Cashflow is also still high so no doubt you will have your mortgage covered in a duplex. You most likely will cashflow still if you can get a 4-unit! Feel free to reach out with any questions.

1 Vote

Hey @Frank Harris, check your dm's!

0 Votes

Cincinnati, Ohio

Read this

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

Just curious, why would you go out of state? Columbus has an incredible market for appreciation, and Cleaveland cashflows like crazy.

3 Votes

could be the case. take Cleveland for example, Cliffs has been dumping a ton of money into the steel industry up there, and the population is rising for the first time in a while.

1 Vote

Detroit, Michigan

All Forum Posts by: Simon Ashbaugh

Simon Ashbaugh has started 0 posts and replied 838 times.

Post: Strong CA equity, what would you do?

Post: Investing in the UK

Post: Where to start my portfolio?

Post: Anyone familiar Ohio?

Post: buy one rental property cash or multiple properties with mortgage

Post: Can a duplex or triplex be used for section 8?

Post: Best market for a househack?

Post: Whats your opinion on Turnkey Investment Property Companies?

Post: Entry Level Investing

Post: Upcoming Opportunities in Detroit?