All Forum Posts by: Nicholas Misch

Hello,

I am currently researching out of state investing, just finished David Greene’s book and looking to connect with others in the Cleveland area.

Any insights would be greatly appreciated.

Hi all,

I am a 26 year old newbie that finally feels ready to take the jump into investing in some multi unit properties. I recently did my first flip and am also working on a spec home with a couple other friends in the industry. The market where I am at (Colorado) is priced so high that I have been looking in to other areas. Columbus keeps popping up as a market that has reasonable price points with the opportunity for some appreciation as well. I have access to close to a half a million dollars between my cash and equity in my home. With access to that much cash I really want to take a look at buying some places with cash, and then BRRRR'ing (can you use it as a verb?) once the are renovated to recoup most of my investment while holding on to the properties. Any advice/resources on markets etc. to help me take the jump would be greatly appreciated!

@Nicholas Misch thank you for your response! It’s 2 bedroom 1.5 bath aft with garage within walking distance of clinic. Looking to possible just rental out on long term lease or I was trying to find out more info on possible renting to nurses etc.

Hi!

Trying to find out a little info about the warrensville heights oh area. Me and my wife are Looking to buy our first out of state property (We currently live in California) and I have a lead on what looks to be like a good deal near one of the Cleveland clinic locations in warrensvilleheights oh. It’s that a good growing area and how’s the rental market there. Thank you in advance.

Thank you Daniel

@Manuel Villegas Forget about zip codes. In most markets, zip codes are too geographically broad to be of much use. You can have good areas and bad within a given zip code. You need to dig in and understand the neighborhoods. This will be particularly true of Cleveland which has some pretty rough areas that aren't always apparent from GoogleMaps. You really need someone that knows the area well that you can trust and rely on. 

@Manuel Villegas my dad had a rental property in that market until last year that he managed personally. I’m not in that market, and he told me directly he would NOT sell it to me because he didn’t want to pass on his problems to me.

Good luck

As Nicholas sort of said above, you need to narrow a search. If you want a small multifamily, we have a ton of those, you just need to find one that fits your price, quality, and strategy. Because there are multifamily properties that are in A areas, D areas, and everything in between. If you want a single family, there is also a ton of those, it's the same thing with multis. If you're fine with either or are unsure, the focus on a class of market that you want, or specific strategy. Either way, you need to narrow your criteria because if you leave it too broad you'll be spending too much time snapping your neck looking at everything that comes on the market and could be too slow to find any great deals. Hope this helps.

in search of advice on the cleveland ohio market i am a rookie trying to dive into an affordable market been researching day in and day on certain zip codes but would love to connect with veteran investors in the ohio market to hopefully seek advice pointers or whatever do's dont's etc all comments are welcommed and thank you in advance.

Excited and anxious to learn and grow. I own a rental home in a college town and an investment property out of state. Interested in getting focused, making connections and learning as much as I can!