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Updated 13 days ago on . Most recent reply

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New to Real Estate Investing- Looking to make connections

Posted

Hey all — I’m a 19-year-old accounting student based in Cleveland, graduating in the coming year and on track to save $50K within the next year. I’ve saved $16K so far.

I’ve been studying the market and I’m looking to buy a distressed property that I can slowly rehab myself while gaining experience. I would also be open to get a mortgage and buy a property that way. I’m especially interested in areas like Hough, Fairfax, Ohio City, Detroit-Shoreway, and Old Brooklyn, but I’m open to deals in other neighborhoods too.

I’d love to connect with local investors, wholesalers, and private lenders who are active in Cleveland. I’m serious about learning the game, doing the work, and building long-term.

I would really appreciate any feedback or recommendations you might have as I start out. Thanks in advance!

Most Popular Reply

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764
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Kerlous Tadres
  • Realtor
  • Columbus, OH
692
Votes |
764
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Kerlous Tadres
  • Realtor
  • Columbus, OH
Replied

Great job on saving up and planning ahead. Starting with a distressed property is a solid choice, especially if you're up for the rehab work. I’d recommend focusing on areas like Old Brooklyn or Ohio City, they are seeing growth and can offer good returns. If you’re considering a mortgage, house hacking could be a smart move. You can buy a multi-family, live in one unit, and rent out the others to help cover your mortgage. As for connecting with locals, try networking with private lenders and wholesalers in Cleveland; they can be key as you get started.

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Kerlous Tadres | Reafco Real Estate
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