All Forum Posts by: Erin Dorsey Robinson

My pleasure!

Hi @Benjamin Sulka!

A very good question indeed. Just edited the post to clarify. It is a virtual mastermind and I intend for it to be ongoing. A lot of people have questions so I hope that this can be a positive and constructive resource for us all to build community, understand it really means to win here, get to know who's who and how to do things on as we move through the process of investing in Cleveland.

Hey Bigger Pockets Community!

Considering investing in Cleveland?

Already investing in Cleveland?

Looking for answers about Cleveland?

Already Winning in Cleveland?

This mastermind is for you!

Join us online every other Thursday beginning Thursday, August 11th at 8:30pm EST for a discussion of the opportunities, neighborhoods, tricks, tips and local insights that will put you on the path to successfully and sustainably investing in Cleveland real estate. Each week, we will cover a different topic including neighborhoods, contractor selection, tenants and property management to name a few and, we'll have some local subject matter experts lined up to share their views.  Whether you are an experienced investor or just curious, this mastermind will help you find your tribe and learn what it means and what it takes to Win in Cleveland.

UP NEXT (8/11/22): Winning In Cleveland Mastermind Kickoff! We want to hear from you- Come prepared to tell us what topics you want covered in the coming weeks and ask those questions you haven't been able to answer. If you've got it all figured out, we want to hear from you too- share your tips for how to win and help someone else succeed. That's what Winning in Cleveland is all about. 

See you there!

Erin 

Hi everybody!

@Greg Bunn @Christopher Bowen @Babatunde Onadele Jr @Yona Schoemann @Chantay Jordan @Muhammad Amawi.  I am so excited that this idea is appealing to you all as well. Let's do it! as Muhammad said. 

I'm looking at Thursday August 11th from 8-9pm to start this as a bi-weekly virtual (initially) event. I've got the ball rolling on a bunch of topics and I would like to hear from you about what you want to cover.  I'm lining up SMEs to join so we can make the information as accurate and objective as possible.

All who are interested in participating: Please send me a direct email so I can add you all to the invitation. Suggestions welcome. More details to follow!

Can't wait to start!

E

@James Wise thank you for your reply. Do you mind sharing what you expected vs. what you're seeing? I was thinking you'd want to be close to one of the universities or some other point of interest in order to get a lot of traffic.

@Dave Stokley thank you! 

Hey BP family,

How are your Cleveland area STRs performing? Where is it, how long have you had it and what trends have you noticed? 

Hi @Itay Heled,

In addition to what has been offered here, I think it's important to prioritize quality over price. Many times people are sucked in by someone who offers what seems to be the lowest price. I'm not saying that more expensive is always better, and I don't want to assume that this is what has happened to you. However, we do have to consider the fact that you normally have to pay for quality. In the long run, if the project takes forever or has to be done over there are no savings.

I also recommend that my clients get someone else who is not working on the project to keep eyes on it regularly to confirm what they are being told by the contractors. Even the good ones. It's worth every penny to know what's going on with your investment in real time. If you don't know anyone who can help you in this way, let me know. I will make an introduction for you. 

E

Hi @Benjamin Seibert!

Where is your house? Give us a few more details so we can give you good info.

Hi Kim @Eviatar Maman,

Congratulations on getting started with investing in Cleveland. This is a good place to get started. I would like to offer you a couple insider tips for success here but first, I have a couple of questions based on your search criteria. When you say $120k all in for SFH in a B area or above are you talking about cash all in or financing or a combination? Your question about where to find what you want is going to depend on your answer to that question. Feel free to send me a direct message if you'd like to discuss your strategy further.

With regard to specific areas, Cleveland, like many cities, is a place where neighborhood characteristics can change over very short distances. One block feels like homes are well cared for and the next block is full of homes that are visibly distressed. This can be true even in the suburbs. Whatever source you use to determine where you want to be, remember to judge each opportunity on it's own merit. Painting with broad strokes can get folks in trouble.

@Harleen KaurHi @Harleen Kaur,

I agree with Juan. I can only speak to Cleveland but this is an easy place to get started if you can build a good team. There is a lot of reasonably priced property that will cash flow well. We invest here ourselves and have helped a lot of folks from California get started. I would be glad to talk with you about the area and give you a couple of insider tips for success if you decide to explore CLE further.

All the best!

E