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Updated about 7 years ago,
Help me narrow my strategy in Cleveland Ohio please... :)
Hi BP,
Thank you all for this wonderful forum resource! Reading your posts have become a bit of an addiction for me. I can't wait until I am on the other side, helping other investors with their questions. For now, I'd like to ask your advice...
I'm a new investor looking to invest in the Cleveland area. My goals are to buy properties in safe neighborhoods with solid tenants. Being remote, I'm not looking to do major rehab for my first deal because I'm still building my network "on the ground" and it feels a little overwhelming, but I am willing to do some cosmetic items to attract the right renters. Cashflow is important, as well as potential for reasonable appreciation over time. My goal is to use these investments as a learning tool and a way to grow wealth for further investment. I'd love to hear your thoughts on...
1) What areas around Cleveland do you recommend and why?
2) Pro/cons of single family vs duplex vs quadplex in these areas?
3) Should I skip this step, and go right to larger multi-family units, partnering with other investors?
4) pointers to agents/brokers that focus in investment buyers in the area that may have a good track record and solid contacts?
I'm planning a trip in October and want to target areas and narrow my focus/strategy. Thank you!
Nicole