Picking up second investment property first out of state.

[Mandela Muhammad]

I recieved a line of credit for 80 k looking to pick up a rental in Cleveland Ohio. Searching for a multi family in the price range of 15k to 35k. While putting the Brrr system to work on properties with only cosmetic rehab needed. Will be taking a trip down there on the 25th of June for two weeks. I'm in need of references to any realtors, electricians, plumbers, carpenters and property managers that may have already been vetted by the Bigger Pockets community.

[James Wise]

Originally posted by @Mandela Muhammad:

I recieved a line of credit for 80 k looking to pick up a rental in Cleveland Ohio. Searching for a multi family in the price range of 15k to 35k. While putting the Brrr system to work on properties with only cosmetic rehab needed. Will be taking a trip down there on the 25th of June for two weeks. I'm in need of references to any realtors, electricians, plumbers, carpenters and property managers that may have already been vetted by the Bigger Pockets community.

 Anything in that price range will require a considerable amount of rehab and be in a C more than likely D area.

In my opinion you would be better suited to purchase a property closer to that $80k price point. With where the market is now going under $35k for a Cleveland multi you are really just picking up unwanted scraps.