New member to Bigger Pockets!

10 Replies

Hi Everyone!  I'm RJ, a Cleveland Ohio Native and a novice real estate investor. I've devoured every book published by BP and am currently reading J Scott's e-book on recession proof investing. They all have been incredible resources along with the Podcasts to build my confidence to take action! I love northeast Ohio and want to start my investing here first, to learn, grow, and help the community for the greater good. I hope to connect with any and all of you, and will gladly help in any way that I can! 

Originally posted by @RJ Javalgi :

Hi Everyone!  I'm RJ, a Cleveland Ohio Native and a novice real estate investor. I've devoured every book published by BP and am currently reading J Scott's e-book on recession proof investing. They all have been incredible resources along with the Podcasts to build my confidence to take action! I love northeast Ohio and want to start my investing here first, to learn, grow, and help the community for the greater good. I hope to connect with any and all of you, and will gladly help in any way that I can! 

 Welcome to the site RJ. What's your game plan? Picking up some rentals around Cleveland?

Originally posted by @RJ Javalgi :

@James Wise

Thanks, and yes, im looking for rentals whether SFR or small multi-family units to BRRRR. Ive been searching the local area to get a scope of where would be best to invest. Let me know your thoughts!

 What area that would be best for you to invest in is going to be determined by your budget, risk tolerance, experience & level of wanted involvement in the investment. I think the 1st thing you should do is read The Ultimate Guide to Grading Cleveland Neighborhoods then let me know what type of investment appeals to you & I can give some guidance from there.

Originally posted by @James Wise :
Originally posted by @RJ Javalgi:

@James Wise

Thanks, and yes, im looking for rentals whether SFR or small multi-family units to BRRRR. Ive been searching the local area to get a scope of where would be best to invest. Let me know your thoughts!

 What area that would be best for you to invest in is going to be determined by your budget, risk tolerance, experience & level of wanted involvement in the investment. I think the 1st thing you should do is read The Ultimate Guide to Grading Cleveland Neighborhoods then let me know what type of investment appeals to you & I can give some guidance from there.

James, thanks for taking the time and giving your insight. I have read over the guide to grading Cleveland Neighborhoods along with driving certain areas. I know for my first investment I would like to stick with SFR or Multi-family rentals in C+ or above neighborhoods that need some rehab. Preferably receiving at least $150 a door on cash-flow or a 10% or more COC return. Ive been putting together my list of metrics that I would test a potential investment against, but I dont know how to determine if a certain area has a high or low demand for tenants. Thanks

Originally posted by @RJ Javalgi :
Originally posted by @James Wise:
Originally posted by @RJ Javalgi:

@James Wise

Thanks, and yes, im looking for rentals whether SFR or small multi-family units to BRRRR. Ive been searching the local area to get a scope of where would be best to invest. Let me know your thoughts!

 What area that would be best for you to invest in is going to be determined by your budget, risk tolerance, experience & level of wanted involvement in the investment. I think the 1st thing you should do is read The Ultimate Guide to Grading Cleveland Neighborhoods then let me know what type of investment appeals to you & I can give some guidance from there.

James, thanks for taking the time and giving your insight. I have read over the guide to grading Cleveland Neighborhoods along with driving certain areas. I know for my first investment I would like to stick with SFR or Multi-family rentals in C+ or above neighborhoods that need some rehab. Preferably receiving at least $150 a door on cash-flow or a 10% or more COC return. Ive been putting together my list of metrics that I would test a potential investment against, but I dont know how to determine if a certain area has a high or low demand for tenants. Thanks

 Duplex units on the west side of Cleveland in high demand so long as you update them with modern fixtures. You're looking at $650-$750 per unit depending on high nice you make them & if they've got at least 2 beds. The majority of the west side fits the C grade mold.

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