All Forum Posts by: Min Zhang

Hey Chris, I’d recommend to start in your own state if you can. It makes things a little easier, especially when you're just getting started. But I have clients who find the numbers don’t work for them locally so they explore other areas that make more sense for them. If you decide to go out of state, I’d recommend starting with turnkey properties and having a property manager handle everything. It takes a lot of the stress off your plate.

Also, you need to figure out your criteria before you jump into anything. This will help you know if a deal is worth it or not. For instance, does the cash flow align with your goals? And definitely avoid investing in sketchy neighborhoods. It’s always good to get input from a local agent who knows the area well. Best of luck and I'm happy to connect if you have any questions!

Welcome to the community Ryan! Congrats on your first 3! While you're focusing on building your capital, I recommend to start connecting with other investors in your target areas. Property managers and agents can be really helpful as well as they’ll give you insight into the market and could have some opportunities for you down the road.

In the meantime, try researching the areas you're interested in. Get familiar with the local market trends and property values. That way, when you’re ready to make an offer, you'll be all set and confident to move fast. Looking forward to seeing your progress and connecting more!

Hey Jorge! My first piece of advice would be to focus on understanding the market you’re interested in. Study the trends, know the neighborhoods, and understand pricing. I also spent a lot of time networking with other investors and professionals to get advice and tips. It’s all about taking small steps and learning along the way. Honestly, every deal helped me grow, and I’m sure it’ll be the same for you! Good luck, and feel free to reach out if you ever want to brainstorm strategies!

@Stan Mendoza There’s a ton of great info on here but a good starting point is understanding your financing options, getting familiar with the different property types, and learning about the area you want to invest in. Everyone’s journey is different, so be sure to take your time and don’t hesitate to ask for advice!

Hey Eric, welcome to BP! Parma Heights is a solid choice in Cleveland. I’d say it’s more of a B-class area, but you can definitely find good SFHs in the $200k+ range. As for the entity setup, I’ve got a referral I can send your way. I can also send PM referrals as well. Best of luck on your journey!

Hey Christian, have you considered house hacking as a way to get started with minimal upfront capital? If you're planning to invest locally, I highly recommend it. That’s what I did when I started investing five years ago. Here is an article with more information on what a house hack is - www.rocketmortgage.com/learn/house-hacking

Good luck and I'm excited to see you grow!

Hey Christine, I recommend checking Columbus. For around $400k, you can find duplexes in solid A/B-class neighborhoods, and for around $200k, you can grab one in C-class areas. My rentals are located in C-class neighborhoods in Hilltop and Linden, and they've been cash flowing really well for me too. I’ve had great success with those areas, and it's nice to see that they're appreciating over time. Cleveland is another solid option. For about $150k, you can find duplexes in decent condition in C-class areas. If you ever want to chat or brainstorm strategies, feel free to connect!

Welcome back Bil! Personally, I invest in properties in C-Class neighborhoods in my market (East Linden and Southern Hilltop), and they’ve been cash-flowing well so far. Do you already own any properties, or are you just getting started and looking to purchase your first one? If you ever want to chat or brainstorm strategies, feel free to connect!

Hey Simon! I’d suggest reaching out to some local agents in the area. They may have some off-market opportunities that could work well for you. Also, connecting with fellow Cleveland investors could get you some great deals, especially if anyone has 10-15 unit properties they’re looking to offload. I’m really excited to see you back at it, best of luck!

@Brant Laird When I first started, one of the best things I did was connect with fellow investors. It helped me get a clear picture of what was working for them and what wasn’t. I was able to learn from their successes and mistakes, which saved me a lot of time and effort. Talking to others also gave me insight into different markets and strategies, which made it easier to figure out where I wanted to focus my efforts.

A simple tip I’d give is to start small and grow gradually. It’s easy to want to jump into big deals right away, but starting with one or two smaller properties lets you learn the basics of real estate investing without getting overwhelmed. From my experience, taking it step-by-step has helped me avoid mistakes and build a solid foundation for the long term. Best of luck and if you ever want to brainstorm options, happy to chat!