All Forum Posts by: Tove Fox

Hi Tove! It will also depend on your goals. Are you looking for appreciation, cash flow, or a mix of both? I own a 7-figure rental portfolio here in Columbus OH and we're still seeing positive cash flow deals here. With so many companies like Intel, Meta, Amazon, etc. moving and developing here, the population and job market are growing so rental demand and appreciation potential are strong. Happy to send over some resources regarding the Columbus Ohio market and why it's a great market to invest into!

You need to narrow your criteria down significantly. I would suggest a major metropolitan city. If you are looking to purchase in an A or B neighborhood for under 300k in said city you are looking at either the 3 C's (Cleveland,Columbus,Cincinnati), Pittsburgh, or Detroit for starters. I myself have invested in Cleveland so I can speak on that market. For what you are trying to achieve you'll want to stick to the suburbs and a few choice neighborhoods on the West Side of the city. A-rated neighborhoods will not be affordable nor cash flow well here at under 300k. If you just want to do buy and hold, you can purchase a duplex in a B area for around 150-180k with rents at around $2400/mo total. Single families can be purchased for ~120-150k with rents hovering around $1400-$1800. The taxes here are high, but the price to rent ratio is exceptional and there is a huge demand for quality housing in certain neighborhoods.  

@Tove Fox

I can share data and analytics with you in the northern Nevada market. You can let the data decide if it's the right market for you.