All Forum Posts by: Drew Cheezum

Hey Robert, @Joe S. is right on the money. Cleveland and Columbus are both awesome markets to get into. Columbus was actually the 6th hottest market in the country over the summer. Cleveland will get you better appreciation while Columbus will get you better cash flow. If you are looking into single family BRRRRs I think Columbus is a great place to start.

Good luck, it's an exciting time to be an investor!!

Columbus, OH is a good market for multi-families under 50 units. It's the fastest-growing city in Ohio and average rent prices increased by 10% in August which is the highest on record. There are more options in B and C class neighborhoods than in other midwestern cities

Hi @Dalton Steed, 50 doors is quite a lofty goal but I don't think it's impossible. In some of the hotter markets there are a lot of off-market deals that offer more flexibility in terms of borrowing (seller financing for instance). If you really want to commit to the 50 door goal I'd recommend getting your real estate salesperson license. That'll give you some additional income on the side to use towards down payments and more access in finding the right properties for you. Best of luck to you!

Great idea @Steve Baldwin I'm in!

The markets are hot pretty much everywhere, but with that being said there are some markets that are more intense than others. It can be competitive and intimidating but I would argue that moving to one of the hotter markets would be a wise decision. That's a sign of economic and population growth, which as in investor is ideal for cash flow/appreciation. May be more difficult to get exactly what you want but there's also peace of mind knowing there's value add

Welcome to BP @William Patsalis! House hacking is the way to go especially while still in college. I just started investing and I've been kicking myself for not starting sooner. Like others have mentioned here your best bet would be to get pre-approved for a loan and start working with a Realtor in the area. Realtors often have a Rolodex of contacts (lenders, contractors, etc.) which can help streamline your search. Some realtors that are familiar with investors come across off-market deals that are less competitive. Would be worth reaching out to more than one Realtor to see if who is the best match for your end goal--not every Realtor specializes in the same thing. Best of luck!

Congrats @Scott Kidd!! Sounds like an awesome cash flow property. Ohio is such a hot market right now so these large multi-families are hot commodities

Welcome @Justin Lopez! You definitely have a solid plan in mind with lining up a team of the Core 4. If you are struggling with where to start in terms of building a trustworthy team your best bet may be reaching out to a few Realtors in the area. Most Realtors have a roladex of solid lenders, property managers, contractors, attorneys, wholesales, etc. This should give you a starting point and allow you to get out there and meet people. Best of luck!

Welcome!! I'm grew up outside of Baltimore but have been here in Columbus, OH for the past few years where I have started investing myself. Both are great markets to get into, congrats on starting off your journey! 

Hi Lilah, I think that sounds like a really solid plan. You definitely want to do your due diligence before jumping into out of state investing. I invest in Columbus, OH and the market here is crazy hot with such a growing population. Cleveland is also a pretty solid market. Picking a lender/agent/property manager can be like finding a needle in a haystack. A lot of agents have lenders, PMs, etc. that they've had success with and can refer you. That way you are getting insight from locals on the best professionals out there to fit your needs. Good luck!!