All Forum Posts by: Marc Rice

 How do you guys say a place that has been losing population is a good market to invest in?  It is still not a desirable place to live.  Your appreciation will be inflation, which is real appreciation because of leverage.  But with so many markets that are growing and will continue to for reason that are obvious.  It makes no sense to me.   I am not saying you are wrong because I don't know the Cleveland market.   

Hey Everyone, just wanted to introduce myself, first time using bigger pockets, I am responsible for the wholesaling department in our company here in Columbus ohio and we assign around 15-20 deals a month! Looking forward to meet everyone here!

Hello, bigger pockets pros, 

We have a rental property in Columbus and we are looking for a contractor who can replace the existing basement window with a standard sized window. Is anyone you recommend ? Thank you so much!

Hey Biggerpockets community,

I'm an investor from Toronto, Ontario where SFRs are $1m, the landlord tenant board is a nightmare and cap rates are doing the limbo. I bought my first rental in London, ON in October 2019, and recently sold in August 2024. I'm looking for a market where I can park the proceeds from my previous property and create some cashflow. Cleveland, Ohio seems to be the place to be in terms of cap rates and distance from home. I have about 250k USD to allocate to this venture, but I may want to dip my toes into the market with a single-family residence in an area like Parma Heights and test the waters. My first property was chaotic with tenant troubles, so Ohio being a landlord-friendly state and Parma Heights being A-class location, I'm eager to get involved and experience the difference. As a cross-border investor, I'm likely going to need advice on entity structure to protect my liability while also not being double-taxed, I'm going to need to network with experienced investors/property managers/agents in the Cleveland area. Would love to hear the community's thoughts and meet some Clevelanders! 

Investment Info:

Small multi-family (2-4 units) buy & hold investment.

Purchase price: $532,500
Cash invested: $106,500

I just bought a duplex on 3rd Ave on the Columbus side of Grandview and am planning on living in one side and renting out the other.

I'm eyeing a property 65k for my first rental investment and I have 25% down payment. It is already generating 900/month with updated electrical and clean interior.

I have no links with wholesalers or any brokers in off market world. Are there any you can recommend?

Hello all! 
I live in LA, and have a rental here as well. It has become too expensive to invest in another rental at this point. Looking for recommendations on states I can look into for a potential new investment. Long term/ short term rentals would work, ideally in the $400k range or lower. Thanks in advance for the help, open to any ideas. 

My name is Mitchel Quinn and I would like to get a good foothold in the door of real estate to get on the right path and stay there. My girlfriend and I have been looking at properties over the last couple of months due to life situations changing and having a decent chunk of change saved for a down payment. We walked through a property that we went into thinking we were not going to like it and we ended up loving it and jumping on it pretty quickly after because the seller was getting other cash offers and the price/location/set-up of the property just fit our situation well. The price we thought was very reasonable in this current market based off the other properties we have seen prior to that with similar layouts. We would be incurring the tenants in one half and would live in the other half ourselves. Currently we are finalizing paperwork and figuring out what insurance we need and just trying to figure everything out all at once. I would love to just put my mind at ease with a little more knowledge and pointers as to how we can start out as strong as possible. Thank you for your time.

Hello all. I am a small out of state investor with a few single family rentals in Cleveland suburbs. I started researching and then bought in 2021-2022 then paused to stabilize and get a better lay of the land. By the time I was ready to jump back in and buy again rates had shot up as had prices. It slowed my roll.

 I would like to start again but  accelerate and to get more doors I figure a small apartment building may be the way to go. I am thinking a 10-15 unit building. I dont see many on Zillow which was where i found my other properties. 

So I would love to know where and how I can source such properties.

Would also like to connect with some good investor friendly cleveland realtors with ears to the ground.

And I'd love to hear about everyone else's experiences with moving from single to multifamily investing. 

Thanks in advance, I've learnt a lot from your posts as well as the Bigger Pockets podcast and look forward to learning more.