All Forum Posts by: Andrew Duna

Hi Cassandra, Starting out in RE investing can be overwhelming with all the available info and ways to invest. You definitely want to first get pre-approved by a lender to understand what your buying power is. After that I would urge you to think about the kind of experience you want to have, the returns you are looking for, and of course how that correlates with your budget. 

The experience you are going to have (typically) correlates with the return you might expect. So if you are investing in a cheap area with high returns then you could expect a higher maintenance tenant whereas if you invest in a more expensive neighborhood then you may not get as high returns- but your tenant pool and overall experience could be a lot better. Cleveland is great because there are a lot of "happy medium" neighborhoods that will give you a pretty good return with a pretty good tenant.

Once you understand what kind of balance you are looking for then you can start looking for properties in the right neighborhood and start making offers with an inspection contingency so that if something does happen to be severely wrong with the property- you can back out of the deal. 

If you'd like help with choosing a lender, picking a neighborhood, evaluating certain properties or making an offer- then I'd love to chat as I am a local, investor focused agent. 

Hi Anthony- I think it really comes down to understanding the type of investing experience you want to have, the returns you are looking for and of course how that correlates with your budget. 

The experience you are going to have (typically) correlates with the return you might expect. So if you are investing in a cheap area with high returns then you could expect a higher maintenance tenant whereas if you invest in a more expensive neighborhood then you may not get as high returns- but your tenant pool and overall experience could be a lot better. Cleveland is great because there are a lot of "happy medium" neighborhoods that will give you a pretty good return with a pretty good tenant. 

Once you understand what kind of balance you are looking for then you start looking for properties in the right neighborhood and start making offers with an inspection contingency so that if something does happen to be severely wrong with the property- you can back out of the deal. 

If you'd like help with picking a neighborhood, evaluating certain properties or making an offer then I'd love to help.