Investor · Cleveland, Cleveland Ohio · Member since 2021 · 7 posts · 8 votes
Hi,
I am a new investor in the Cleveland area. I am based out of Lexington KY, I have just bought my first property in Cleveland. I am looking to make some connections in the area and learn more and get more invested in the business!
@Kol Dailey Welcome to Cleveland! 👋 Congrats on your first property! If you’re looking for lending options for your next deals, I’d be happy to connect and see how I can help. Feel free to reach out!
Welcome to Cleveland, Kol — and congrats on the first property. That’s a huge milestone 🔥
Mike Azzam here. I’m an investor myself with 70+ doors, and I’ve been working with investors in the Cleveland market for about 15 years.
We’ve built a pretty strong one-stop-shop around investing here — acquisitions, deal analysis, rehabs, Long term partnership with local vendors, leasing, and long-term strategy — so happy to be a resource as you start getting more established in the market.
Shoot me a message anytime. Always happy to connect with another investor coming into Cleveland.
I am a new investor in the Cleveland area. I am based out of Lexington KY, I have just bought my first property in Cleveland. I am looking to make some connections in the area and learn more and get more invested in the business!
Welcome to Cleveland! Since you’re based in Lexington, having good local people around you will make a big difference. I’m active in the Cleveland market too, always happy to connect and share what I’m seeing around town.
@James Wise Thank you! I decided to go with one in Cleveland due to the Section 8 rents are better and this is a landlord friendly city. There are also more attainable deals to get here then in Lexington.
Niiiice. Just remember, there is a wide variety of neighborhoods and values here. Sometimes the stuff on Zillow that seems too good to be true really is. I'd check out The Ultimate Guide to Grading Cleveland Neighborhoods to give yourself a good honest risk assessment of every neighborhood here in town.
I am a new investor in the Cleveland area. I am based out of Lexington KY, I have just bought my first property in Cleveland. I am looking to make some connections in the area and learn more and get more invested in the business!
Welcome to BP, @Kol Dailey, and congrats on the duplex! I’ve worked with investors who own property outside the area where they live, and one thing I’ve seen make a big difference is building the local team before you actually need them.
Since you’re managing a Cleveland property from Kentucky, I’d make sure you have people you trust for property management, repairs, leasing, and the legal side when something comes up. I’ve seen small issues become much harder simply because the owner was several hours away and did not have the right person on the ground yet.
I’d be glad to stay connected, @Kol Dailey. I always enjoy connecting with investors who are building their portfolio one property at a time.
@Kol Dailey Nice to connect. I do a ton of volume in cleveland. I've got a whole team of cold-callers and deal flow. Happy to email you some of the resources like neighborhood maps and contractor lists that i put together.
I am a new investor in the Cleveland area. I am based out of Lexington KY, I have just bought my first property in Cleveland. I am looking to make some connections in the area and learn more and get more invested in the business!
Welcome to Cleveland investing! Congrats on getting that first property closed, that's the hardest step. I actually work in Cleveland pretty actively from the Columbus side, and from my experience, the best way to plug in fast is connect with a solid property manager early, since good PM is what makes out-of-state ownership actually work. Happy to swap notes anytime, always glad to help a newer investor find their footing here.
I am a new investor in the Cleveland area. I am based out of Lexington KY, I have just bought my first property in Cleveland. I am looking to make some connections in the area and learn more and get more invested in the business!
Congrats on your first property. I've got about 18 units at this point and more than happy to answer any questions you might have.