All Forum Posts by: Rob DeLaurentis

Thanks to all for the responses, and insight into the area.  It is encouraging that a few other "out of staters" have come to the same conclusions that I have and hopefully where there's smoke there's fire. 

@Brian Garlington @Lindsay Ash @David Rosenberg I have sent PM/requests and definitely would like to compare notes and ideas if you are interested.

@Tra'Mell Taylor@Christopher Blanco I also sent a request your way because insight from a local would be a great help in identifying an area that makes the most sense.

I am new to investing in RE and trying to get my portfolio off the ground by starting in the Cleveland market.  I am out of state, and my local area (in Boston) creates a much larger barrier to entry, so I have been researching areas of the country that might enable me to start to build my portfolio sooner.  I am zeroing in on the Cleveland metro area because from what I can tell, there is great potential in seemingly reasonable property prices as well as attractive rents.  I was wondering if anyone has recommendations for resources in the area to assist in finding turnkey properties?  I have found what appears to be attractive numbers in areas like Cleveland Heights, but I would love to pick the brain of a local with some experience.  Thanks in advance for any insight.

Rob

@Richard Bersinic I am just beginning the same process as you did when you started this thread and was wondering how it went.  Did you ever find any properties that made sense in the Cleveland area?  Did you find any good resources you could refer?

Glad I found this forum as I have been trying to determine if the research I did on Cleveland suburbs made sense.  I am considering an investment property in the area because if what seems like reliable cash flow and reasonable prices.  The downside being the appreciation doesn't seem as aggressive as most want, but that is less important to me.  I would love to pick the brains of anyone who is in the area, and has had success in the rental market.  @Jake Oreskovich did you ever move forward in the area?

Hello,

I am new to the RE investing world and have begun to think critically about the reality of investing when you live in one of the more expensive real estate markets.  While I am focusing on getting more familiar with the techniques and terms, there seems to me to be some realistic expectations you must have based on your home market, and the prices in that area.

This leaves me with 3 options as I see it.
1)   Continue to save more initial capital to meet the realistic barrier to entry- and stick in my home market.

2) Entertain starting in different markets where the barrier to entry would vary significantly and therefore potentially require less initial capital.

3) Attempt to creatively finance and stick in my home market.

I guess what I am wondering is if anyone has any experience going the route of option 2?

While I see all the benefits from being in your home market, it seems realistic to me to to think it would be potentially easier to get started in other markets where the price is a fraction of what I would be seeing here. Is the risk worth the potential reward?

Has anyone had successes or even experience with potential difficulties going this route?