New member from Cleveland, Ohio

[Dave Raney]

Hello, 

My name is Dave Raney. I am new to both Bigger Pockets and Real Estate Investment in general. I am looking to get into both flips and buy and holds. I have been looking for my first deal for the last 3 months, but the homes I have been interested in have sold for significantly more than my parameters allow. I have been listening to the podcast daily, and have put together criteria based on the 2% and 70% rules. I understand these are just guidelines. Any information on how to break into this hot market would be greatly appreciated. 

I am targeting the west suburbs of Cleveland, Ohio (Brook Park, Middleburg Hts, Parma, Parma Hts, Strongsville, North Ridgeville, North Royalton, Brunswick, Columbia Station) 

I work a normal 9 to 5 M-F.  My goal is to eventually quit my job and focus on real estate full time.  I have purchased 2 personal homes, so I have some experience in the home purchasing process.  

Thank you for your time.  I am excited to meet more people in the real estate business.

[Phil Morgan]

Welcome!  I think it's going to be pretty tough finding a 2% property in most of these areas unless you are buying an extremely distressed place and renovating it.  If you are handy and can do some of this work yourself than you may have a good business plan.  A lot of these subburbs are going for around 1% or less.  Good luck in your search!