Out of State Investor

[Erron Fayson]

Good afternoon BP,

I need your help. I am new investor looking to do my very firs deal. This weekend I met a gentleman from Cleveland OH after introducing myself as a real estate investor, he proceeded to let me know that he's going through a divorce and he has a 3 properties that he is trying to sell. Two of the properties he owns free and clear and the 3rd property he has a mortage on. 

Being unfamiliar with the area, I'm looking for some guidance on what investors are looking for in the Cleveland area and what are they willing to pay. And any good information that I may be missing.

[Ramon Flores]

@Erron Fayson I am OOS investor and I invest in Cleveland. Since this is your first deal I would get a realtor that can make sure the title is clear on these properties and ensure that these properties are in decent neighborhoods. A realtor can also help with the inspections and ensure that the houses that require a POS, are compliant. If they are not compliant then you need to either fix them or negotiate a lower price.

I wouldn't back off from a good deal just because someone tells you not to invest. Just make sure you get a professional to help you.