New Investor in Parma Heights, OH – Buy-and-Hold Rental on Pearl Road

[Alec Bilux]

Hi BiggerPockets community! I'm Oleg, a first-time real estate investor based in Parma Heights, OH. With 15 years of entrepreneurial experience (Forbes Next 250 Ukraine, ceiling heating innovation), I'm diving into buy-and-hold rentals for stable cash flow. I recently bought a 4-bedroom, spa-equipped home on Pearl Road for $142,000 at auction, targeting $3,000/month rent (ARV: $300,000). I've invested $25k in kitchen/bath upgrades and need $25k–$40k funding plus Cleveland contractors for rehab (Florida room, electrical for 1947 home). My goal is to build a cash-flowing portfolio and network with investors who share my vision. Real estate excites me for its wealth-building potential, inspired by my business background. What are your best tips for finding investor-friendly lenders in Ohio? Thanks for the warm welcome!Best,
Oleg

[Payton Haight]

Hi Alec, welcome and congrats on getting started! I have had luck finding lenders through recommendations in local investor Facebook groups and meetups. If you are not already, I would recommend attending a local investor meetup to see what other investors in your area are doing and who they recommend.