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Updated over 7 years ago on . Most recent reply

User Stats

66
Posts
35
Votes
Mike Rosso
  • Rental Property Investor
  • Amherst, OH
35
Votes |
66
Posts

Newbie from west Cleveland

Mike Rosso
  • Rental Property Investor
  • Amherst, OH
Posted
Hello BP! I am a newbie investor from Amherst Ohio which is about 45 minutes west of Cleveland. I am looking to invest in small multi family homes under 100k. I have been concentrating most search efforts in the nearby city of Lorain. I have found a few that have interested me but I am having a hard time figuring out what is considered to be a good deal for the area? Just wondering if anyone was familiar with the area and had advice on making my first purchase? I am looking forward to being a member of the BP community!

Most Popular Reply

User Stats

239
Posts
117
Votes
Ian Kurela
  • Specialist
  • Charlotte, NC
117
Votes |
239
Posts
Ian Kurela
  • Specialist
  • Charlotte, NC
Replied

Hey Mike, Welcome to BP.

Just to echo what @Tom Ott said. Cheap MFs like that should be investigated carefully. Lorain isn't usually a fantastic area, which could lead to a lot of damage and maintenance. Just something to be aware of!

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