All Forum Posts by: Vy Le

Welcome to BP!

Welcome Vy, sounds like you are doing pretty well with taking all the right steps. This site is great for networking and getting a ton of real estate information. 

There plenty of other opportunities elsewhere, my clients are involved in institutional grade properties across the country. My recommendation is to choose cities in safe and economically diversified areas with above-average income and population growth. It can also be safer to diversify your investment properties across the country. There is still good money to be made in AZ, FL, GA, TX and other states, however, picking the right submarkets is key.

A very good source of local analysis is rereport.com

Best of luck!

Welcome to BP!

 Cleveland is a tough nut to crack for out of state investors. Before you spend your money here, check out The Ultimate Guide to Grading Cleveland Neighborhoods for a lay of the land. It should really help you avoid a lot of mistakes other out of state investors make here.

Hey Vy, welcome to BP! 

Cleveland is a great market for cash-flow! Look into small multifamily 2-4 units. I would stay close to turn-key for your first oos investment. I would happy to discuss more on this.

Hi Vy, welcome to the forums! Cleveland is a great place to invest, especially if you're looking for cashflow! There are many desirable neighborhoods that offer a good ROI - I would be happy to share more with you.

@Vy Le

welcome. i'd read this:

https://www.biggerpockets.com/forums/48/topics/1159104-overl...

it's gotten especially challenging to invest OOS with prices AND interest rates both so high.  a lot of times the numbers in those lower cost areas will look great on paper... and then 10 years of cash flow will get consumed by capex, vacancy, turnover, tax increases.