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Alec Bilux's profile image
Alec Bilux's profile image
Alec Bilux
  • Investor
  • from Cleveland
  • Member since Apr 17, 2025

User Stats

8
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8
Votes
Alec Bilux's profile image
Alec Bilux's profile image
Alec Bilux
  • Investor
  • from Cleveland
  • Member since Apr 17, 2025
Alec Bilux
  • Investor
  • Cleveland
8
Votes |
8
Posts
New Member Introductions

New Investor in Parma Heights, OH – Buy-and-Hold Rental on Pearl Road

Alec Bilux
  • Investor
  • Cleveland
Posted

Hi BiggerPockets community! I'm Oleg, a first-time real estate investor based in Parma Heights, OH. With 15 years of entrepreneurial experience (Forbes Next 250 Ukraine, ceiling heating innovation), I'm diving into buy-and-hold rentals for stable cash flow. I recently bought a 4-bedroom, spa-equipped home on Pearl Road for $142,000 at auction, targeting $3,000/month rent (ARV: $300,000). I've invested $25k in kitchen/bath upgrades and need $25k–$40k funding plus Cleveland contractors for rehab (Florida room, electrical for 1947 home). My goal is to build a cash-flowing portfolio and network with investors who share my vision. Real estate excites me for its wealth-building potential, inspired by my business background. What are your best tips for finding investor-friendly lenders in Ohio? Thanks for the warm welcome!Best,
Oleg

Cleveland, Ohio
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Jimmy Lieu's profile image
Jimmy Lieu's profile image
Jimmy Lieu
  • Real Estate Agent
  • from Columbus, OH
  • Member since Feb 20, 2019

User Stats

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Jimmy Lieu's profile image
Jimmy Lieu's profile image
Jimmy Lieu
  • Real Estate Agent
  • from Columbus, OH
  • Member since Feb 20, 2019
Jimmy Lieu
  • Real Estate Agent
  • Columbus, OH
2,083
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3,207
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Jimmy Lieu
  • Real Estate Agent
  • Columbus, OH
Replied
Quote from @Eric Gerakos:

Alec, my first advice would be to not show up at your rental property in Ohio in a Maserati with personalized plates, lol. 

I drive my tesla to the roughest parts of Ohio and still alive! It's not bad in Columbus Ohio at all and haven't had any bad encounters here. Columbus doesn't have any hoods here, can't speak for other cities.

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Jimmy Lieu, Red 1 Realty
4.9 stars
119 Reviews

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