I want to own a large multifamily complex in Ohio

I want to own a large multifamily complex in Ohio

Member since 2021 · 24 posts · 4 votes

I am looking for a mentor that can help me accomplish this goal. I want to get into larger multifamily complexes. I am looking at investing in Ohio, possibly Cleveland suburbs. I am looking for someone who has already invested this way in this market who can help guide me in the right direction. Any help or guidance would be appreciated! 

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Investor · Durham, NC · Member since 2020 · 1k+ posts · 691 votes
5y

Hey @Eric Berkner. Congrats on starting your multifamily journey. 

When I first transitioned from single family real estate to multifamily, I was in a similar spot. I knew I needed a mentor to cut my learning curve and help me break into the industry. 

There are many mentors in this space, so it's important to find one that meets your needs. 

I have direct access to my mentor, and he partners with his students on deals. 

Start by determining what you want from a mentor. Then, start looking around. 

Feel free to connect with me! I'd love to help you in any way that I can. 

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  • Real Estate Broker · Cleveland Dayton Cincinnati Toledo Columbus & Akron, OH · Member since 2013 · 30k+ posts · 20k+ votes
    5y
    Originally posted by @Eric Berkner:

    I am looking for a mentor that can help me accomplish this goal. I want to get into larger multifamily complexes. I am looking at investing in Ohio, possibly Cleveland suburbs. I am looking for someone who has already invested this way in this market who can help guide me in the right direction. Any help or guidance would be appreciated! 

     Eric 1st thing you'll want to do is checkout The Ultimate Guide to Grading Cleveland Neighborhoods. This should get you a solid base of knowledge on what you're getting into when researching the Cleveland market.

  • Investor · Durham, NC · Member since 2020 · 1k+ posts · 691 votes
    5y

    Hey @Eric Berkner. Congrats on starting your multifamily journey. 

    When I first transitioned from single family real estate to multifamily, I was in a similar spot. I knew I needed a mentor to cut my learning curve and help me break into the industry. 

    There are many mentors in this space, so it's important to find one that meets your needs. 

    I have direct access to my mentor, and he partners with his students on deals. 

    Start by determining what you want from a mentor. Then, start looking around. 

    Feel free to connect with me! I'd love to help you in any way that I can. 

  • Rental Property Investor · Brooke Park Drive · Member since 2018 · 1k+ posts · 2k+ votes
    5y

    Do you have money for the down payment

  • Investor · Cleveland, OH · Member since 2019 · 147 posts · 156 votes
    5y

    Hey! I'm in Cleveland and have about 140 units here - all apartment complexes. Feel free to reach out and I'll do my best to assist. 

  • Rental Property Investor · Austin, TX · Member since 2018 · 214 posts · 270 votes
    5y
    Originally posted by @Eric Berkner:

    I am looking for a mentor that can help me accomplish this goal. I want to get into larger multifamily complexes. I am looking at investing in Ohio, possibly Cleveland suburbs. I am looking for someone who has already invested this way in this market who can help guide me in the right direction. Any help or guidance would be appreciated! 

    Hey Eric... you should definitely reach out to Swanny @Michael Swan -- he is doing great in the suburban areas outside of Cleveland and is usually open to helping newbies out. Also... as a side note, be wary of advice you might get from agents/brokers/PMs in a thread like this or elsewhere... while they do have experience and knowledge, in most cases they stand to make $$$ from you whether you make a killing or lose your shirt! The best advice you'll receive will usually come from other investors (especially if they have a few losses under their belts in addition to the wins).

    I am not an agent or PM myself, just an investor. I have been investing in the Cleveland area for years, and I know the market exceptionally well. I've gathered a ton of information on investing in the Cleveland area as well. I would be happy to share it if you are interested. It includes, among other things, a comprehensive map of the Cleveland area, grading each census tract from A+ down to F, using a consistent, objective and transparent methodology using publicly available data (not subjective and arbitrary), which should help to get some legit intel around the risk level of any given specific location to really help you see what you are getting into. Feel free to add me as a connection and/or drop me a private message!

  • Rental Property Investor · San Diego, CA · Member since 2014 · 1k+ posts · 2k+ votes
    5y

    Thanks @Robert Matelski

    Always happy to help.  I love this stuff, am straight forward and don’t hold back any punches!!

    Onward and upward!!

    Swanny

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