Real Estate Newbie!

[Lauren Beech]

Hi all! My name is Lauren & I am new to BiggerPockets. I am just getting started in the real estate world & would love to use this platform to connect with you all & learn as much as I possible can to help me moving forward! I currently live in Orlando, FL & have for a couple of years but I do plan to move to Cleveland, OH in the next year to be close to my family. I’d love to start my journey in one of those two areas since I’m the most familiar with them. 

I appreciate any advice & education you are willing to share. I’m excited to be a new member of this community! 

[Shane Kelly]

Welcome to the forums! I'm very familiar with the investing scene here in Cleveland and am decently well connected with people here, so I'm sure I can help in some way shape or form. If there's anything you have questions on or need, let me know and I'll be happy to help!

[Hamp Lee III]

Welcome to the world of real estate investing! One of the best things you can do right now is educate yourself. And you've joined one of the best communities for all things real estate investing.

1️⃣ Download this ultimate beginner’s guide: https://assets2.biggerpockets.com/uploads/user_file/file_object/1694/UBG_2018.pdf

2️⃣ Read BP beginner books on investing: https://store.biggerpockets.co...

Also read, Rich Dad, Poor Dad by Robert Kiyosaki

3️⃣ Subscribe to BP podcasts or YouTube channel and watch their webinars.

4️⃣ Ask questions here on the forums.

5️⃣ Visit (join) a local (and legit) real estate investment association.

6️⃣ Consider joining a BP bootcamp: https://www.biggerpockets.com/...

I wish you all the best in your investing journey!

[Tyler Gibson]

Quote from @Lauren Beech:

Hi all! My name is Lauren & I am new to BiggerPockets. I am just getting started in the real estate world & would love to use this platform to connect with you all & learn as much as I possible can to help me moving forward! I currently live in Orlando, FL & have for a couple of years but I do plan to move to Cleveland, OH in the next year to be close to my family. I’d love to start my journey in one of those two areas since I’m the most familiar with them. 

I appreciate any advice & education you are willing to share. I’m excited to be a new member of this community! 

 Welcome! Congrats on taking the first step by putting yourself out there like this. There is a great investor community in Orlando and I'd be happy to help you get connected.

[Lauren Beech]

Quote from @Hamp Lee III:

Welcome to the world of real estate investing! One of the best things you can do right now is educate yourself. And you've joined one of the best communities for all things real estate investing.

1️⃣ Download this ultimate beginner’s guide: https://assets2.biggerpockets.com/uploads/user_file/file_object/1694/UBG_2018.pdf

2️⃣ Read BP beginner books on investing: https://store.biggerpockets.co...

Also read, Rich Dad, Poor Dad by Robert Kiyosaki

3️⃣ Subscribe to BP podcasts or YouTube channel and watch their webinars.

4️⃣ Ask questions here on the forums.

5️⃣ Visit (join) a local (and legit) real estate investment association.

6️⃣ Consider joining a BP bootcamp: https://www.biggerpockets.com/...

I wish you all the best in your investing journey!

 Thank you so much for your advice! I will absolutely follow through on these, I am currently about half way through the beginners guide which is what lead me to join this community! Looking forward to what the future of the real estate world holds for me!

[Lauren Beech]

Quote from @Shane Kelly:

Welcome to the forums! I'm very familiar with the investing scene here in Cleveland and am decently well connected with people here, so I'm sure I can help in some way shape or form. If there's anything you have questions on or need, let me know and I'll be happy to help!

 Thank you so much Shane! I will stay in contact & maybe we can set up a time to chat come the New Year? 

[Lauren Beech]

Quote from @Tyler Gibson:

Quote from @Lauren Beech:

Hi all! My name is Lauren & I am new to BiggerPockets. I am just getting started in the real estate world & would love to use this platform to connect with you all & learn as much as I possible can to help me moving forward! I currently live in Orlando, FL & have for a couple of years but I do plan to move to Cleveland, OH in the next year to be close to my family. I’d love to start my journey in one of those two areas since I’m the most familiar with them. 

I appreciate any advice & education you are willing to share. I’m excited to be a new member of this community! 

 Welcome! Congrats on taking the first step by putting yourself out there like this. There is a great investor community in Orlando and I'd be happy to help you get connected.

 Hi Tyler! That would be amazing if so, I'd greatly appreciate it!

[Julio Gonzalez]

Welcome to BiggerPockets, Lauren! This is a great place to learn and to connect with people so take advantage of all the great resources.

[Tracy Graham]

Hey Lauren !!  Welcome !

My best advice...   do not go thru "analysis paralysis".  You can think and think and analyze and think yourself into hardly ever doing anything while waiting for the perfect opportunity.  I learned the love of the game and fun is not in trying to find the perfect deal, but making a sensible deal work great for me !  Also, great start by being here on BP.  Some get caught up in taking advice from non investors.  You don't want to go to your cardiologist to get your windows tined :)

Welcome again!  There are tons of people from all walks of life willing to help

[Eliott Elias]

I recommend investing driving distance to you, your first 5 properties are going to be a big learning experience for you. After 10 I am still seeing things I have never seen before that requires me to handle it in person. Finding deals is easier when you can sit face to face with sellers as well. 

[Shawn McCormick]

@Lauren Beech Welcome to BP and congrats on getting started.

I'm in Orlando now (18 years) and lived in Cleveland for 10. I currently have properties in Toledo and OOS can be challenging. Florida and Ohio are vastly different markets for many reasons, but RE is pretty much the same if the numbers make sense and you are comfortable with the property. 

I might suggest to keep the house you have here, (assuming you own it) You likely have equity and are familiar with the area, so thats a good place to start. Perhaps use the equity to use as a down payment for your first Cleveland property? This will give you a jump start of not pulling the trigger in Cleveland while you analyze properties and wait for the perfect one..you already have your first one, so the second will be much easier. 

Best of luck to you and let me know if I can help in any way!

[Alli Breighner]

Hi Lauren,

Welcome to BiggerPockets! I'd love to offer insight where I can and help you start your real estate journey. 

Would love to connect!

[Steven Wilson]

Quote from @Lauren Beech:

Hi all! My name is Lauren & I am new to BiggerPockets. I am just getting started in the real estate world & would love to use this platform to connect with you all & learn as much as I possible can to help me moving forward! I currently live in Orlando, FL & have for a couple of years but I do plan to move to Cleveland, OH in the next year to be close to my family. I’d love to start my journey in one of those two areas since I’m the most familiar with them. 

I appreciate any advice & education you are willing to share. I’m excited to be a new member of this community! 

 Hi Lauren, welcome to the BiggerPockets community! You chose a great market to start your real estate journey. Cleveland has alot of cashflow potential, average multifamily is around $140k. https://learn.roofstock.com/bl...

I have multiple there Cleveland giving me steady returns, if you need help finding a good neighborhood to start on, let's connect and discuss how I can help you out.

[Benjamin Sulka]

Welcome to BP, Lauren! I am new to real estate as well and I live in Cleveland. Looking to purchase my first property in the summer of 2023. 

[Jeremy H.]

Welcome - the great thing is both Orlando area and Cleveland seem to be great areas. You being from Cleveland or having family there helps a ton - they will know which areas are good and not so good.

Lots of good information out there - read and educate would be my first step. Look up "4 square method" on youtube by bigger pockets. Very easy simple way to analyze a basic property. You'll get better as you go. 

Do you have a full-time job? Could be an agent in time, on the side?

[Dennis Nguyen]

Welcome! BP is a great place to be for information and connecting with other real estate professionals. BiggerPockets also has really good books you can check out as well.