New Cleveland Area Member

[Michael Ford]

Hello everyone,

Mike here, I live in the Cleveland area and am looking to get into buy and hold investing in the Cleveland area. I currently have a full time job and want to start building my portfolio on the side. My goal is to be able to build a portfolio of cash-flowing properties that eventually allows me to possibly pursue real estate investing full time. 

As of right now the only real estate experience I have is through buying my primary residence.

 If anyone is from the Cleveland area or just had any advice on general feel free to reach out.

Thanks!

[Chrissy Parsons]

Good for you starting up on your own. 

I agree with @mike debuccio that Tampa is a very crowded market and that there should be more opportunity in Cleveland.

Have you considered doing a mail campaign to find off-market leads? I ran a couple quick reports on 2 good list segments for Cuyahoga County.

ABSENTEE OWNERS with HIGH EQUITY

3,036 available

Property in the county, home value up to $250,000, single and multifamily, high equity, 5+ year ownership, one per owner

SENIORS with LOW FINANCIAL STABILITY SCORE (FSS)

1,428 available

Age 50-89, 15+ year ownership (ready to downsize or transition to assistance), owner occupied, single family home home value up to $250,000 with Low FSS.