All Forum Posts by: Jonathan Glancy

CoC Return is what I meant. Thanks!

I'll go wherever the ROI is best, not partial to East vs West, although I'm on the Westside which would make property management easier. Strategy is short or long-term rentals, multifamily units (duplex, triplex). BRRRR strategy would be ideal but unsure if ARV's get high enough for some of these 100 yr old homes. @Caleb Barney

Thanks @Jessica Larson I'll have to look at those Eastside areas as well.

Thanks @Antoine Perry

I have experience managing a couple of AirBnB properties I used to own in California, but beyond that, I am new to high-cash-flow real estate, BRRR, etc. Like many on BP, my goal is to build up a portfolio of rental properties to replace my W2 salary and free up more time to be with my family. The niche areas I'm looking at in Northeast, Ohio are multifamily long-term rentals, short-term rentals, and vacation rentals. BRRR strategy would be ideal, but I understand those are harder to come by in this high-interest rate environment. Thanks for asking @Jonathan Bock, I'm ready for the ugly side too!

Thanks for the insight, Uri. Of that 300k, I was thinking of stowing away 50k for reserves. Makes total sense especially being new in this industry. Mistakes happen...

Awesome, thanks for the tip. I'll start looking in those areas. 

I recently moved to Cleveland, Ohio, with my family, bought a house in Olmsted Township, and am weighing different investment options with 300k ready to deploy. 

I will be the property manager and my priority is high monthly cash flow. Any advice on appreciating areas, successful strategies, and local connections would be great.

JG

New to the area...looking to invest in multi-family rentals in Northeast Ohio. Open to networking, deals, partners, and advice!