First visit in Cleveland, Ohio

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Some of you might know that I am from Southern California and I have been inquiring about certain markets to invest in. This past Saturday, I finally flew into Cleveland Ohio. In fact, I am still here for a couple of days. This trip has been very productive because for being here only a few days, I was able to see which part of town to possibly invest in and to stay away from.

I was hoping to meet and personally shake hands with James Wise and Tom Ott, since I follow them on social media like YouTube, but I think these guys are busy--which is a good thing for their business. Although, I was fortunate enough to meet with Jad Boudiab's buddy, Gino Karim, and he's been awesome since day one. 

Seeing the neighborhoods on Google Map and the properties in pictures and even in videos is nothing compare to seeing them in person. We've seen properties that were in decent condition, the ones with POS and even turnkey properties. But when it comes down to it, it's really the numbers that you have to look at. They have to make sense. I saw this property yesterday for only 55k and it was pretty much turnkey. I really liked it -- it was well kept even on the outside, and in a decent neighborhood too. But when I did the numbers, it just didn't make sense, so unfortunately I have to let that property go and move on to the possible next one. 

The next day after arriving in Cleveland,  went around in a rental car to scoop out the neighborhoods. Not realizing where we were, we got deep into the  bad part of the east side of town. It was really bad, scary! So when we got back in the  hotel that day, we did more research of the areas. I just want to give a shout out to Gino and Jad for being awesome and touring us around. Not all the east side is bad, but you might have to go thru them to get to the decent part of town. 

So for today, gotta get ready to meet up with Gino and check out more properties. Hoping we find a good one to make an offer in before this trip is over. 😀

[Federico Gutierrez]

Curious to know what was the issue with the property that was turn key ready and priced under $60k? That I would say is a pretty good price in today's market