Trying to scale to multifamilies , need advice

[Simon Powe]

Hello all. I am a small out of state investor with a few single family rentals in Cleveland suburbs. I started researching and then bought in 2021-2022 then paused to stabilize and get a better lay of the land. By the time I was ready to jump back in and buy again rates had shot up as had prices. It slowed my roll.

 I would like to start again but  accelerate and to get more doors I figure a small apartment building may be the way to go. I am thinking a 10-15 unit building. I dont see many on Zillow which was where i found my other properties. 

So I would love to know where and how I can source such properties.

Would also like to connect with some good investor friendly cleveland realtors with ears to the ground.

And I'd love to hear about everyone else's experiences with moving from single to multifamily investing. 

Thanks in advance, I've learnt a lot from your posts as well as the Bigger Pockets podcast and look forward to learning more.

[Simon Powe]

Quote from @Robert Ellis:

Quote from @Simon Powe:

Hello all. I am a small out of state investor with a few single family rentals in Cleveland suburbs. I started researching and then bought in 2021-2022 then paused to stabilize and get a better lay of the land. By the time I was ready to jump back in and buy again rates had shot up as had prices. It slowed my roll.

 I would like to start again but  accelerate and to get more doors I figure a small apartment building may be the way to go. I am thinking a 10-15 unit building. I dont see many on Zillow which was where i found my other properties. 

So I would love to know where and how I can source such properties.

Would also like to connect with some good investor friendly cleveland realtors with ears to the ground.

And I'd love to hear about everyone else's experiences with moving from single to multifamily investing. 

Thanks in advance, I've learnt a lot from your posts as well as the Bigger Pockets podcast and look forward to learning more.

find a strategy that is repeatable and duplicatable and gets your money back. Build to rent development is a great strategy. Cleveland is cash flow, we do build to rent in columbus urban infill where prices are the highest and land prices make sense. rents are good and on a DSCR can pull out cash and do again. easy scalable strategy and sell the portfolio eventually 1031 into something greater. I'd sell every Cleveland house and put your money in a better market. just my 2 cents as someone from ohio and who lived in columbus for 12 years

Hey Robert, building as an out of state investor is pretty impossible for me. It's hard enough to find food management much less good builders from a distance.

I've heard good things about Columbus, but I'm just getting my feet wet and gaining some familiarity with Cleveland market. I can't do the learning curve on a new market just now. I simply don't have the brain capacity and time.