All Forum Posts by: Jack Kehoe

Hello everyone, I am wondering if there were any investors in the Columbus area that could tell me which areas to avoid? I am looking to invest long distance and so far have been relying heavily on internet research for neighborhood data. Any insights would be great, thanks!

Hello everyone,

ABOUT ME: I am a non resident foreign investor who just joined the real estate market possibly in the worst time :) I am interested in Cleveland,OH. I have been monitoring the market in and around Cleveland for 2 months. I have enough cash in my bank account (I have a reference letter) and I have a full time well paid job. I am not residing in U.S. and I don't have U.S. bank account other than Wise which is not considered as bank. I am already working with a realtor who has never worked with an investor before. I am working with her because we can speak the same language :) People use a lot abbreviations and jargon which I don't understand and gives me headache. I will learn but it will take some time to understand all of them.

STRATEGY: I made 2 offers up to now and waiting for the results. My strategy is to buy properties even with a small amount of cash or even none as long as it's not negative and hold for long time, rent them out for future passive income and build equity. Rates are too high now but it's ok. I don't need cash flow right now as long as I have a job. These rates will come down in a few years. I will refinance when the time comes, then my passive income will start to flow. I will invest in areas C+ and above.

PROPERTY MANAGER: If you work in Cleveland area and if you have experince as a project manager please contact me. Let me know cost of your service. Some property managers have experience about renovations. So they can work hand in hand with contractors and guide them not to have maintenance problems when they start to manage the property. So if you have project manager skills we can sign a contract as a property manager and I can start pay for your service even before renting the property. I need a property manager who can also help me through the renovation. Take photos/videos and provide information how everything goes. Basically keep me in the loop. As soon as renovation starts your contract will start with it and you will be paid.

That's all for now. If you have any insights or experience to share please let me know. Happy buying and selling to everyone