All Forum Posts by: Srini Murthy

 I am in the same boat, can you please DM me the agents please ??

I'm looking to see if there are any property owners that currently have landlord insurance for a property in the Cincinnati, OH area (5+ units) that they can refer me to. I'm an out of state buyer and don't know many insurance companies in the area. The bigger name companies I've been working with have given me quotes that seem outrageously high for the area. IF any of you currently work with someone and they're reasonably priced, I would greatly appreciate any referrals. 

I'm a new member and this is my first post so please go easy on me!  I'm interested in investing in my first LTR or MTR.  I have a full-time job in NYC and travel excessively for work so I will need a property manager.  My goal is geared towards long-term wealth and eventually reaching a point where I don't have to work as hard because I'll have passive income to offset some of the income I will lose when I "take my foot off the gas".  I am not interested in house hacking as my plan is more centered around Buying and Holding.

The idea is to start in one area, build my team and then purchase my first property.  Eventually, I hope to build my rental property portfolio in the area I choose.  Initial budget is small, up to 300K with 25% down for the first property. Looking for Class A/B areas.    I don't really care about making a profit off the monthly rent in the short-term (though it will be nice!), I just want to build equity and not "lose" money.  Right now, I can't even narrow it down by state, much less city!!!  Here are my options:

1) Georgia - my old company was headquartered in ATL so I know the area well and have friends in the surrounding areas. Hower, it seems really over saturated so not sure if I should still look there

2) NC -  I'm drawn to this state but am not as familiar with the cities.  Looked at the Wilmington area but open to any suggestions

3) NY - upstate, NYC or even far out in LI (mastic Beach?).  It's my home state but property and taxes are so expensive outside of the city and in NYC you're dealing with maintenance fees, boards etc. I just think my money will go further elsewhere

3) Maine - I'm drawn here because eventually I want a second home in this state but this is my heart talking, not my brain

My question is, how did you go about deciding where you to invest? What resources did you use? Who did you talk to initially?  Does anyone have feedback on any of the areas I listed above? Are there other areas I should consider?  I realize this is incredibly broad, so I apologize but I'm feeling a bit overwhelmed.  Once I narrow it down, I feel like I will move but right now I'm stuck. Thanks in advance for your help. Looking forward to learning from all of you.