All Forum Posts by: Min Zhang

@Brock Bernall I’d recommend house hacking or starting with a turnkey property if you’re just getting started. House hacking lets you live in one unit and rent out the others, which can help cover your mortgage and generate some extra income. A turnkey property is already renovated and ready to rent, so you don’t have to worry about repairs and can start earning right away. Both are great ways to get started without too much risk

Welcome to BP Shayvonne!

Welcome to the community, Carl! You can check out the 'Real Estate Events & Meetups' section here on BP under the 'Real Estate Classifieds' forum category to find local events in your area.

To start, I recommend researching markets that will cater your strategy. If you're into cash flow I recommend checking the Midwest market.

Welcome to BP community Helen! Excited to see you grow!

Welcome to BiggerPockets! It is a great place to learn about real estate investing. Best of luck on your journey, William

BRRRR is something I'd recommend focusing on locally. It gives you better control over the process and helps you really understand the market. You'll have a better feel for property values, rental demand, and rehab costs in areas you know well, making it easier to manage and scale your investments. I also recommend checking for turnkey properties, especially if you're just starting out. They can offer a more hands-off approach while you get your feet wet. Best of luck!

I'm not sure if this is part of the "Find Deals" feature here on BP, as I haven't used it myself. I recommend reaching out to BP support for assistance.

Additionally, it might be a good idea to connect with investor-friendly agents during your search. They often have access to off-market listings and can also help you navigate on-market listings on MLS.

Good luck!

You can definitely find multifamily options under $150k in Cleveland, but when it comes to Columbus and Cincinnati, that price point is pretty much a no-go. However, in Columbus, you might find duplexes in decent shape for around $200k to $250k, usually located in C-class neighborhoods. Hope that helps Saul!

Welcome to BP Mike! One key tip as you begin is to connect with local investors who are active in the markets you're considering. They can provide valuable insights on current trends, upcoming opportunities, and what’s really working in that area. It’s also important to really get to know the neighborhoods you’re considering. You need to pay attention to things like rental demand, upcoming developments, and overall area growth potential. I also recommend starting small with a duplex or single-family home to learn the ropes before scaling up

Hey Radhika, since you’re interested in long-term rental cash flow from single-family homes, the next step is to narrow down the markets that can give you the cash flow you're looking for. I’d recommend checking the Midwest market.

Another tip to help narrow down your options is to talk to your lender. It’s important to know how much you can afford. You've mentioned you have $50k, I know lenders that can do 15% down on a single family. Just be sure to also keep a cash reserve for unexpected expenses. Best of luck on your journey and feel free to reach out if you have any questions