Newbie Long Distance Investor

New to Real Estate · Member since 2020 · 6 posts · 4 votes

Newbie long distance investor- going to invest in single and multifamily properties in and around Cleveland, Ohio in 2021. Buy, hold, rental and cashflow. Need help building a team. Seeking advice and referral to investor friendly real estate agents and property managers.

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Marc RiceBusiness Member

Real Estate Agent · Columbus Cleveland Dayton, OH · Member since 2018 · 2k+ posts · 1k+ votes

@Marie St Fleur Search the BiggerPockets agent database for realtor recommendations for Cleveland. Make sure to really identify what your criteria is and then an agent will be able to help you out. Cleveland is great for cash flow but lacks a lot of the appreciation we're seeing in Columbus. Good luck and let me know if I can be of any help!

[email protected]614-363-2787

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Marc RiceBusiness Member
Real Estate Agent · Columbus Cleveland Dayton, OH · Member since 2018 · 2k+ posts · 1k+ votes
5y
@Marie St Fleur Search the BiggerPockets agent database for realtor recommendations for Cleveland. Make sure to really identify what your criteria is and then an agent will be able to help you out. Cleveland is great for cash flow but lacks a lot of the appreciation we're seeing in Columbus. Good luck and let me know if I can be of any help!
[email protected]614-363-2787
Marc Rice | Investor Friendly Agent at Reafco Tailwind Team574 Reviews
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Brandon SturgillBusiness Member
Real Estate Broker · Columbus, OH · Member since 2013 · 3k+ posts · 1k+ votes
5y
@Marie St Fleur Welcome...and why Cleveland?...just curious what out-of-state folks find attractive about a market that has a net population loss over the last 40-years.
937-979-7000
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Marie St Fleur
OP
New to Real Estate · Member since 2020 · 6 posts · 4 votes
5y
@Marc Rice Thank you for your quick response. I have criteria. Your post is prompting me to review. I will reach out to you this week.
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Marie St Fleur
OP
New to Real Estate · Member since 2020 · 6 posts · 4 votes
5y
@Brandon Sturgill thank you for your response. My immediate interest is cashflow not appreciation. I grew up in a city that experienced a 30% population decline between the late 50's and 1980"s. I love and believe in old Cities.
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Christopher Toth
Rental Property Investor · Denville, NJ · Member since 2017 · 107 posts · 54 votes
5y
I know a Investor friendly Realtor in Cleveland I can recommend. She is also an investor and does Property Management and rehabs. PM me.
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Zeke Liston
Real Estate Agent · Columbus, OH · Member since 2018 · 1k+ posts · 1k+ votes
5y
Originally posted by @Marie St Fleur:
Newbie long distance investor- going to invest in single and multifamily properties in and around Cleveland, Ohio in 2021. Buy, hold, rental and cashflow. Need help building a team. Seeking advice and referral to investor friendly real estate agents and property managers.

That's great Marie, I've heard some good things about Cleveland. Have you checked out Columbus as well?
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Drew SygitBusiness Member
Property Manager · Royal Oak, MI · Member since 2012 · 12k+ posts · 9k+ votes
5y
Let us know if you have any interest in Detroit:)
[email protected]248-209-6824
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Brandon GoldsmithBusiness Member
Real Estate Agent · Columbus, OH · Member since 2020 · 1k+ posts · 1k+ votes
5y
You should be able to find a lot of good connections on here. Cleveland is a good market for cash flow. If you are looking in the midwest I would check out Columbus as well. Best of luck! @Marie St Fleur
[email protected]614-963-3340
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Brandon SturgillBusiness Member
Real Estate Broker · Columbus, OH · Member since 2013 · 3k+ posts · 1k+ votes
5y
@Marie St Fleur I hear you...I'm still pulling for Dayton...and Cleveland secretly ;) It's horrible in the winter, but it has some really great architecture...and bridges...and a sweet market.
I'm the 1% that thinks investing for cash flow is a really bad idea. Prices in Columbus have seen 100-200% appreciation in the last 3-5 years and there is still a lot of room for growth...anyone that invested in Cleveland during the same timeframe made a few grand...and still has a $40k property.
937-979-7000
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Rob Gillespie
Specialist · Cleveland, OH · Member since 2011 · 1k+ posts · 852 votes
5y
Hey Marie,
SOOOO much to go over if you are new in real estate and new to Cleveland.
I am the President of the Real Estate Investors Association in Cleveland. We always begin by making sure new folks know all about the local laws and regulations and which cities are a pain in the butt! LOL
Cleveland has tons of areas that have GREAT numbers, but things are not always what the seem.
Cleveland is defiantly a place that you can get undervalued assets with great ROI, IF YOU HAVE THE RIGHT TEAM!
Welcome to BP, the world of real estate and Cleveland! :-)
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Remington LymanBusiness Member
Real Estate Agent · Columbus, OH · Member since 2017 · 6k+ posts · 7k+ votes
5y
Originally posted by @Marie St Fleur:
Newbie long distance investor- going to invest in single and multifamily properties in and around Cleveland, Ohio in 2021. Buy, hold, rental and cashflow. Need help building a team. Seeking advice and referral to investor friendly real estate agents and property managers.

I have been investing in Columbus, Ohio for the past 3 years. The cashflow has been great!
[email protected]614-541-8475 Podcast Guest on Show My Job Laid Me Off, So I Replaced My Salary with Rentals
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