This creates a negative initial position.

JeffWe lead a couple investor meet up groups in person and live stream about the Central Ohio real estate market.

As a community I think we should focus on helping people who have had their housing situation negatively impacted recover as quickly as possible.

Avoid leading with a low offer or mentioning how long it’s been listed.

Personal usage will negate the losses from the cost seg in the first year, so we suggest avoiding it.

Recognize buying rent ready units have very thin margins and most properties purchased off the mls will have negative cash flow.  

Hey Christine, I might be biased, but you could look into Cleveland, Oh.Here are a few things to consider against investing there:- Slower appreciation compared to some other markets- Harsh winters, which can lead to higher maintenance costs- Many discounted single and duplex might need repairs or updates, especially if the previous owners haven’t kept up with maintenance over the years- Some local regulations to be aware of (nothing crazy, but worth noting when trying to close deals).But there are also some solid reasons to invest in Cleveland:- Affordable properties in the $100K-$300K range- Strong long term rental market due to a high rent to price ratio- Landlord friendly laws overall- Potential for great cash flow- Opportunities for Section 8 tenants- stable market once you have the right team in placeEvery market has pros and cons so it comes down to your budget, risk tolerance, and finding a reliable crew you can trust.

Most agents paying for leads are inexperienced, which is why they need to pay for leads.Look for an agent with a minimum of 15 years of active experience.

You are not even scooping your initial investment so your cash on cash return is negative.

You may be better off trying to connect with some agents or other investors/wholesalers in your area and try and get off-market leads sent to you.