New investor in Cleveland Ohio area

14 Replies

I’m getting ready to make my first jump into real estate investing. I’m most interested in buy n hold properties in lake county just outside of Cleveland, and maybe the west side, single family, multi family properties. I’ve spent the last 10 years in the insurance industry so I ubderstand some aspects of that world. I can probably benifit from learning more about mortgages, laws and taxes. Very excited to starting having my money work for me with alittle bit of elbow grease maybe I can pay for the kids college eventually.

hey @Kyle Plants , welcome to the site! I am local, I have lived in Eastlake for 6 years and just recently moved into a duplex in Willoughby that I purchased. thank you @Herbert Reihner for mentioning this meetup, I had no clue! I wish I could make it tomorrow but I am currently cleaning out the house that I was renting in Willoughby off lost nation and need to be out by the end of the month which is tomorrow so I will be busy. I will definitely be there next month. 

I agree! I was looking to buy in DTW, but found a good buy on my duplex over near Lowes. It is close, not a quick walk to DTW but a 5 min drive. I did the house hack with an FHA loan, just moved in. I am originally from Oregon, OH, which is east of Toledo. Went to OSU for 4 years and I moved over here in 2011 for my job. I work up at the airport in Richmond Heights.

@Kyle Plants , Congratulations are in order by diving into the Real Estate investments dimension. Definitely Ohio is a great place, my investors and I have done these types of deals over the past several years in Ohio and had a lot of success. Also, you can achieve potentially higher returns by investing with others in multi-family residential projects. Let me know if you would like to discuss this further, feel free to send me a message. I am more than happy to help.

Welcome to the world of investing Kyle!

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