Noobie form California

[Tim Palacio]

Hello everyone,

My name is Tim 31, was born and raised in Los Angeles, California. I joined BP for knowledge on investment properties and also the do's/don'ts. I have been actively looking for investment properties in the Cleveland,OH area. My first purchase would to be financed of course, but I would really appreciate any help/feedback from board members.

 Thank you,

[Ryan Evans]

All I can say to everyone is do your homework. California investors looking at Cleveland are a dime a dozen and usually what you are told is too good to be true. You're not going to just find and finance a bunch of duplexes in good shape for $50k in decent areas that are renting for $700/unit, then sit back and collect your cash flow. That's not how it works, regardless of what all the wholesalers on Facebook tell you. If you think you've found that deal, the locals have probably already passed on it because they know how to filter out all the junk. 

I don't mean to sound negative, but I just want to emphasize that you really need to do in-depth due diligence here!