All Forum Posts by: Neil DeZort

Grizzly Home Loans! Darel is awesome!

Hi! My wife and I are about looking to put in an offer on our first property and are trying to get our ducks in a row. I was wondering if anyone had a recommendation or two on a solid PM company that serves the Bedford area? Any suggestions would be appreciated. Thanks!

 Hey Nicholas! This is a great question. Most of the markets within a 4 hour radius are either just as expensive (tourist/mountain towns), or are so rural that there just aren't a lot of options for deals and not a super reliable tenant base. I have considered STRs but the market here got absolutely flooded with them the past three years and a lot are actually having to convert back to LTRs this summer because they aren't getting bookings. That being said, I am always looking in case something pops up that fits the bill. I do agree that local would be a better option and I am hoping to build a portfolio so that I can start scaling into more local deals that are a bit out of reach at the moment. 

 @James Wise thank you for the resource. I'll dig into that. Definitely the kind of info I need. 

 @Harrison Chow I hadn't considered Columbus but I like the idea of getting some appreciation in addition to the cashflow. That was actually my one concern with Cleveland is that is appears (at a surface level from limited searches of properties over the past few years) that appreciation there is pretty limited. I'll do some research in Columbus and reach out as questions arise. Really appreciate your help!

@Drew Sygit great information and just what I was looking for! I'll definitely be factoring in a quality PM company as I don't have the time to do it DIY especially from the other side of the country. My wife owns her own PM company out here so I know the level of importance in having a quality team in place. I'll reach out with further questions as they arise. Appreciate your insight!

 I'll shoot you a message @Travis Biziorek. I'll actually be in Detroit the day before I'll be in Cleveland so I'm not opposed to that option as well. Thanks! 

Hey all! My wife and I are preparing to start our real estate investing journey in the next year. We live in a super high cost of housing area in NW Montana so we are thinking we need to be looking at long-distance investing for the time being. I've been eyeing Cleveland as a potential market to start out in. I will be out in Cleveland on March 24th for work and am looking to make contact with reputable property management companies and/or investor focused real estate agents while I'm in town. Does anyone have any good contacts I could reach out to?

Also, we aren't married to Cleveland as our final market yet. It just initially seemed to make sense based on the availability of properties, the cost of entry as a new investor, and work taking me out there occasionally. If anyone has any reason for us to avoid the Cleveland market or has any suggestions for any other markets that would be good for me to start researching I am open to any suggestions and/or advice in that regard as well.

Thanks!!

Awesome, thanks for information everyone! Also... not that it matters... but my post title is a bit misleading. I'm actually a Montana native, just new to the real estate investing world. We are hoping to begin by investing locally, or at least in state, but that may be challenging given the mass exodus from the cities coming here driving prices up. Time will tell if we can find a deal where the math actually works. 

@Joshua D. thanks for the offer! As my wife and I get deeper into this I will definitely be reaching out. I appreciate your willingness to help. 

@Nicole Shipley I appreciate the lead on the local meetup! We are very excited to start the journey!