You're in a strong rental market, and house hacking a small multifamily in Phoenix is a smart way to build wealth.

Cleveland is a great market if you know how to navigate it and have a good property manager.

in a stick frame market and one of the cheapest markets to build we build with margin at $190 or so a square foot. that will go up over time about 5% or 10% a year to keep up with new build price increases. we are buidling a 3 story walk up and source some of the lowest priced crews.

It is a very competitive market and units in the tens of thousands.

It’s not a market where you can just buy blindly, but for investors willing to do their homework, it offers a strong mix of cash flow and appreciation.If you’re open to learning more, I’m happy to share some resources on how I’ve built my portfolio there.

Finding deals outside of California can definitely open up new opportunities, especially given the cost of living and market dynamics in the state.When looking for properties in other states, consider focusing on areas with strong rental demand, economic growth, and population increase.

Don’t forget. 2024 rent cap was 8.9% so you may never get “market rent”.

However, many states now require some version of a license to wholesale, so I'd identify a market first and then dig into their specific wholesaler requirements. 

For me it’s building connections with buyers in a new market. 

- Will they search for off-market properties for you?