All Forum Posts by: Ryan Arth

There is a huge spread between property type and tenant attractiveness within that zip. The viability of an AirBnb strategy would also fluctuate widely based on where it was, ie at 116th and Kinsman vs on Dorchester in Shaker hts... Without looking, there is easily a 10x price variation in that zip. 

Way back when BP started, before we used our real names, a prominent guy on here named Mike in OH said "focus on your ROI, not your door count". You are investing for return on capital.

Someone had congratulated him for how many doors he had in Cbus and he pointed out that he was collecting rents in cash with a pistol and his day to day was anything but fun. 

 This is the least likely thing for people to publish on BP, as finding them is key to the business and promoting them on here will inundate them with calls. 

Nicole, the slyman's one moved around the corner to the tavern of Independence. Thanks for the shout out though. 

Nicole runs her own in Stow if you are down that way. Reach out to her for details. 

@Damein White I have a buddy who has 50 MTR doors here, he just bought a defunct motel near the Clinic to convert to more units. I can connect you if you reach out. 

@Chad Gordon There are maybe a dozen or two local investors that are active/semi-active on BP. There are dozens that attend area investing meetups, and thousands (small and large) that do not. Build your network, everyone that is even one step ahead of you presents an opportunity to learn. 

To piggyback on what Kristi said, there are also a lot of specific courses out there to get specialized knowledge. For development, like she mentioned, the Urban Land Institute has online courses on various aspects of development, as well as on financial modeling for R.E.. CCIM also has a variety of online classes on the same subjects. And Linkedin learning has online classes on R.E. modeling. Then there are the four-ish class R.E. certificate programs at Cornell, Harvard, etc. 

The mentioned classes range from like $79 to $13,000 (for a full certificate). So there is a wealth of knowledge out there. 

@Anna Deatherage Sure, searching on meetup and joining local FB investor groups (where other meetups are occasionally posted) gets you into the network. As you get to know more people in the business you will hear of others. There are a couple that use eventbrite for registration, but I usually see those posted on FB as well. 

That is true Jack, there is no free lunch. But you can avoid these things by investing outside of the city proper. I don't know what Jeff's investment thesis is. The relative affordability of these markets scales to the suburbs as well, so you can succeed here without going straight to the city. You can even get exposure to C class in some suburbs. 

@Damein White 6/13 Lakewood, 6/27 in Independence. You will have to search around to find the Lokal one at the Aviator, the Investor Source CLE one, etc.

@Jeff G. One thought is if what you are doing already is working why are you looking to move markets? Yes, you might get higher rents, but will you net significantly ahead? Even moving a half hour away will require new contractors, PM, agent, etc. It's starting over again. As I read once, try to have your business efforts be cumulative, so you are not always fresh on the learning curve, where the risk is highest.