All Forum Posts by: Min Zhang

Hey Raul, I’d suggest doing fix and flips locally, especially if it’s your first time. Being nearby not only helps you stay on top of the project but also gives you a chance to learn more about the process firsthand. You'll get a better feel for working with contractors and avoiding the delays that can happen from afar.

I also noticed you're interested in short-term rentals. A/B Class areas are more geared towards STR. You can also do long term rentals for C class neighborhoods. If you ever want to chat or brainstorm strategies, feel free to connect!

I’d definitely recommend checking out the management team before moving forward to make sure they match your investment goals. I'd ask about their experience working with out-of-state landlords, how they keep up with property maintenance, how they handle tenants, and how open they are with updates and reports. You want to be sure they’ve got your back, especially when you're not local! Good luck Adam!

Hey Jinming, welcome to the community! I'm a big fan of the Cleveland market. It's a great cash flow market with COC anywhere from 10-18%. I actually grew up there and own a S8 rental myself. If you ever want to chat or brainstorm strategies, feel free to connect! Best of luck on your journey!

Welcome to the community, David! I recommend starting with reading books and listening to podcasts. You can check out books by David Greene.
https://store.biggerpockets.com/collections/more-by-david-gr...
I also started asking questions here when I first began, and I found it really helpful. It's a great community with fellow investors sharing insights and tips, so don't hesitate to ask. Best of luck on your journey!

Welcome to the community, Jim! I recommend starting by listening to podcasts. BiggerPockets has some great ones you can check out. I’ve been on this platform since college, and whenever I have questions, I just post them here, and other investors are always willing to share their insights. Best of luck, and I’m excited to see you grow!

Welcome to BP, Michel! You can start by focusing on markets with growth potential. Areas with new businesses, developments, or infrastructure projects, as these are strong indicators that the property values will appreciate over time. Once you’ve identified a promising market, work with a local agent who knows the area well to get a better understanding of neighborhood trends and future developments. I have clients who use tools likeniche.com or roofstack to initially gather insights on crime rates and neighborhood quality. Hope this helps and best of luck on your journey!

Hey Shandy, it really depends on what you're aiming for. If cash flow is your goal, Cleveland's a solid choice. You can expect returns around 10-18% in C-Class neighborhoods, with duplexes typically priced between $150K and $200K. But if appreciation is more your thing, Columbus is the way to go. You’re looking at a potential 7-17% appreciation, with duplexes in C-Class areas starting around $200K. Best of luck!

Hey Neville, welcome to the community! Aside from the podcasts and books, I’d also recommend attending some networking events. It’s a great way to learn directly from other investors, hear about their experiences, and get some real insight into what’s been working for them and what hasn’t.

Another tip: start analyzing deals as soon as you can. BP has some awesome calculators and resources that’ll help you get a feel for evaluating properties. It’s a great way to dive in and start learning the ropes! Excited to see where you go from here, best of luck!

Hey Celso, since it’s your first time flipping, I’d suggest starting locally so you can keep a close eye on the project and make sure everything’s moving along smoothly. It’ll make managing the process a lot easier, especially if you’re new to it.

Also, definitely reach out to local agents. They can sometimes hook you up with off-market deals and give you a good idea of the property's ARV (After Repair Value), which is key to understanding your potential profit. And don't forget about contractors! It's important to start building relationships with them early. They'll help you figure out how much work the property needs and give you a clearer picture of your renovation costs. Best of luck on your first flip!

Definitely! A lot of my out-of-state clients are opting for markets outside of their local area because, honestly, the numbers just don’t add up where they live. They’re looking elsewhere especially in the Midwest or other emerging markets. These areas offer much more affordable properties, which means they can get into the game with a lower initial investment while still tapping into growing local economies and strong rental demand.

I always suggest starting small, maybe with a single-family home or a 2-4 unit property, and hiring a property manager to take care of the day-to-day. Once you’re comfortable with the team you’ve built and have a better understanding of how things run, that’s when you can start expanding your portfolio. It’s all about building a solid foundation first, and then scaling from there! Best of luck Hayley. Happy to connect if you have any questions!