All Forum Posts by: Jacob Repreza

@Jonathan Greene brings up a really good point as far as the dynamic goes. It's possible you have all discussed this already but its important to get it all squared away before purchasing anything. How are you dividing cash flow? Who's making repair decisions? How are you deciding when to sell or settle disputes etc etc. Important to do that before anything is bought. 

As far as choosing a market goes: Go to meetups and meet people. Talk to them and see where they invest and see if any of those markets spark your interest. You're never going to find the perfect market with super low prices but extremely high growth and rents where values are going to quadruple etc etc. Find a good cash flow market, do your research and pull the trigger. Don't get stuck in the analysis. Talk to people and if anything, try to pick a market you wouldn't mind visiting since it is highly recommended to go there at least once. Hope this helps. 

Looking forward to seeing everyone tonight! 

I'd say around 15-20 is our average?  The one coming up this tuesday would be our 4th meetup I believe? So we're slowly marketing it more and more and slowly growing 

Welcome Ed! I'm from california but i've been out to cleveland a few times now to look at properties we're purchasing. Good luck with everything and if you have any questions this site has plenty of resources or don't be afraid to reach out to any of us. 

That's great! We're doing something similar in Cleveland Heights. Congrats 

Hey Michael welcome to Bigger Pockets! Me and my partners invest in Cleveland and the surrounding areas, from California so I wouldn't say uprooting your whole family is necessary. Especially moving from gorgeous SD. As someone in southern california believe me that change in scenery really hits you in the face when you go to the midwest. If you have any questions feel free to reach out. 

Me and my partner started a meetup here in california a few months back and we've really enjoyed it. We started off hosting it in a conference room my brokerage had and now we host it in the lounge room of my partners apartment building. We also are not selling anything so we just have some networking in the beginning, sit in a roundtable type format and let people share any questions they might have(new people love this) and go around the room and ask about recent deals etc etc, this is usually enough to occupy about 45 min or so and then just more networking! We also get some light snacks and drinks. My main focus has been to keep it sales free and a very relaxed environment so people feel comfortable. You'll enjoy hosting one! 

Hey Adam! That's a good problem to have! Abels advice is the best place to start. Having the money is fantastic but setting a clear goal is the best place to start. Do they wanna be aggressive with appreciation? Do they want rents? Money spread into multiple properties? All in 1 or 2 larger apartment buildings? From there you gotta find the inventory! In Cleveland you have plenty of cash flow opportunities with great returns (which is why we invest over there)so that shouldn't be too much of an issue. If they are similar to the overseas investors that invest here in newport beach, CA then cleveland might not be the right market. All depends what they want. Let me know if you need more help my inbox is always open!

Hey Andrew! Welcome to bigger pockets! Great community and resources around you here to help out. Me and my partners live and work in socal but we do most of our buy and holds in cleveland ohio. When you complete the move to the OC reach out and I'll shoot you the info for our monthly meetup in newport beach. It's always beneficial to network with other investors! Good luck with everything 

Unless you mean that's what your down payment will be then those states are largely out of the questions for that price range. That's more of the midwest price range, even pittsburgh area. We actively come across homes in that price range in cleveland and the surrounding cities. Feel free to reach out if you have questions.