New Member from Cleveland, OH

[Zachary Yurch]

Hi All,

I've been browsing BiggerPockets, reading real estate books and listening to podcasts for about a year now. I've soaked up as much knowledge as I can without taking any action, so it's time to get out there and do it!

I am looking at investing in the Lakewood, OH area, I have seen a couple duplexes and 4-plexes that interest me. However, I have the typical newbie real estate investor problem, lack of funding. I only have about $10k in the bank and anything that doesn't need rehabbed in this area is at least $100k.

My Solution:

I want to use the BRRR strategy on a 4 plex I found in this area and use a hard money loan to purchase it. Does anyone know of a hard money lender in the Cleveland area that I could reach out to? I've been looking online for a while but I am skeptical of a lot of the companies I have found. I'd prefer to work with someone local.

Again any info on local hard money lenders would be greatly appreciated!

[Federico Gutierrez]

Lakewood is a hot market, I advertise, live and invest in this city. If you don't have the funds to buy in here, start in the outter suburbs. Deals in Lakewood go under contract in HOURS not days. 
You need to get you funding letter that says you have the funds to buy, several Realtors will also ring up your lender to find out how strong it is before they accept an offer now its that competitive.