All Forum Posts by: Jordan Naeem

Welcome to Bigger Pockets! Cleveland is an amazing market to be in and has a lot of options for multi families and SFH. If you are looking into smaller apartment buildings, Cleveland also a lot of options for those. Since you are from Cleveland, you have an advantage of knowing the areas to avoid for investing. I also own a few properties in Cleveland so let me know if you want to connect and I can share some of my experience. Good luck!!

@Jordan Naeem so excited that you're getting started! I love the using your primary residence to begin the process approach. I did the same thing! Luckily we both live in markets with great numbers, so in that alone we're a step ahead! I help a ton of investors get started in the OKC market and they're almost always out of state investors that I love educating. But I am so grateful that I got to get my feet wet years ago with first hand knowledge! You're in a great spot in the process. Good luck! 

@Jordan Naeem
You are definitely in the right place to learn about investing. Ask questions and learn. I highly recommend you attend local meetups or join a local REIA near you so you can meet in person with local investors and network with them. Even though you are local you have a full-time job and so having a core 4 would be your best bet. A lot of investors that are local to where they invest try to either do it all or a good portion of management and maintenance. That just might not fit with your schedule so outsource it.

 Hi Jordan,

First off Welcome to Bigger Pockets and thank you for your service. I think that is a great goal. I like that you love your job and want to have this as a bonus. I personally would start to grow your team. If you want to do this on the side and you do not want to have to work once you retire from your current job then build your team. Realtor, Property manager, Contractor, and Lender. Act as if you are a OOS investor but you get the benefits of still being here so if anything really does go wrong you are right there. https://www.biggerpockets.com/... Here is an article on the core 4. I also find a lot of off market deals in Cleveland, Cincinnati, and Columbus. Let me know if you want more info. 

Welcome to Biggerpockets! I retired as a 21-year JTAC in 2008.

The forums are full of helpful people and you've already taken a big step by introducing yourself. Feel free to connect and let me know if there's anything I can help with.

Hey Jordan,

Thank you for your service! Also, congrats on starting your Real Estate Investing Journey and your family!

You have a great plan set in place, the best thing to do from here is stick to it and continue to educate yourself along the way. I'm a lender local to the area and would be happy to connect and provide any value I can along the way for you.

Good luck with everything!

@Jordan Naeem

Welcome to BP and thanks for your service.  I really like several aspects of your plan:

1.  You have a realistic timeline for achieving financial freedom.  A steady, methodical approach to growth often has more longevity.

2.  You have a really good W2 job that you intend to keep.  That will make finding financing for future deals much easier.

3.  Your plan to kick-start your buy-and-hold portfolio by converting your current home into a rental once you upsize allows you to retain your advantageous owner-occupied financing on the home.  You also understand the nuances of the home and the neighborhood since you've been living in that area for a while.