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All Forum Posts by: Chaim Mal

Chaim Mal has started 12 posts and replied 25 times.

Post: Purchasing my first property

Chaim MalPosted
  • Posts 26
  • Votes 58

Hi all, 

I feel I am ready to purchase my first property oos. The leads I am receiving don't seem to be working for me as I have been looking for a property for a month and a half. 

any suggestions on what my next steps might be ? 

Post: Looking for a seasoned investor

Chaim MalPosted
  • Posts 26
  • Votes 58

Hi there,

I’m looking to connect with a seasoned real estate investor in the Cleveland or Dayton, OH area. I’m just getting started in this market and would really value the chance to speak with someone experienced—whether it’s to learn the ropes, share perspectives, or simply talk strategy.

I’m hoping to build a long-term connection with someone who’s active in the area—ideally a relationship where we can support each other’s growth, exchange ideas, and potentially collaborate down the line. If you’re open to chatting, I’d love to connect.

Post: Out of state investing

Chaim MalPosted
  • Posts 26
  • Votes 58
Quote from @Nicholas L.:

@Chaim Mal

i would not invest there, if you can't go there in person and get to know an area and a team in person

a realtor sending you random MLS deals isn't going to cut it

we just see a lot of folks in your situation buy a property they haven't seen in person, from people they don't know, and end up like this:

https://www.biggerpockets.com/forums/48/topics/1242392-rough...

https://www.biggerpockets.com/forums/48/topics/1137397-balti...

https://www.biggerpockets.com/forums/432/topics/1231840-sell...

https://www.biggerpockets.com/forums/311/topics/840134-memph...

https://www.biggerpockets.com/forums/963/topics/1195280-expe...


 I understand the concern, However I have done my research and it really does depend with my boots on the ground. Even if i buy locally it possess the same risk as OOS due to me relying on a property manager. 

I feel that if i get my foundations solid from day 1 it might just save me in the long run until i get enough to buy locally

Please correct me if I am wrong, I am trying to think positively instead of flopping like all my other ideas and keeping the cash in a .01 percent interest account

Post: Out of state investing

Chaim MalPosted
  • Posts 26
  • Votes 58
Quote from @Seth McGathey:

What is your price range you are looking? 
When you say the properties are old, how old? And why is that a problem? There are lots of old properties that are still great investments. 
When you say the properties don't make money, what do you mean by that? They don't cashflow? They will lose you money long term? Because most properties if held long enough will eventually make you money. So it depends on how long you can hold them, what it costs to hold them, and why you are holding them. 

I can't speak to other markets but I know that in my market of Milwaukee WI there are still deals that are profitable and stable. Just last year I bought a $300,000 duplex that current cashflows $500 a month. So it is doable here. Just sometimes takes time to find the right one. 

If Milwaukee is a place you might consider, feel free to reach out and I can help you decide if Milwaukee is right for you. I am also an agent, so if you need help, I can take you all the way through the transaction and help you build a network of contractors, property managers, lenders, etc. 

Best of luck! 


 I think the main point i was trying to make is that i dont know how to evaluate deals, know what i am looking for. 

So when i mean its not profitable or cashflowing i mean the asking price when plugged in with all the other expenses coming out to negative cashflow. 

Regarding house age, How bad is a 1910

Post: Out of state investing

Chaim MalPosted
  • Posts 26
  • Votes 58

@Remington Lyman I am new to this so I think I am getting lost and unsure how to really value a property/ listings. 

Post: Out of state investing

Chaim MalPosted
  • Posts 26
  • Votes 58

@Mike Paolucci I currently have a relator who sends me deals and I look at the MLS deals he has set up for me.

for the most part I really look into Parma and looking into how to move to my next steps 

Post: Out of state investing

Chaim MalPosted
  • Posts 26
  • Votes 58

I have been researching on how to invest out of state due to my local market. I have primarily been focusing on cleaveland oh. 

I feel confident enough to look for a property to purchase however the properties that I am seeing either are old or don't make money. I know the current situation with the market. Should I start in cleavland and look at different sub markets or should I look for another state. 

I currently like the factors of Parma oh so if anyone in oh has some suggestion on how to get my first property here or have suggestions on what my next step should be when looking out of state for my first property 

@Becca F. I don't plan on buying c class at the moment. If I were to stay local, how would you suggest to look at let's say nj (you are right about me being in ny ) how can I evaluate which part might be best ? 

@Melissa Justice to gather my team for out of state would you suggest to just google pms and agents in the area or have them be referred ? Thanks for the insight 

@Joe Hammel right, but the problem is your locations are in b- c+ I feel that would be too low for me. Would you say that in your location class it still not as bad as I am perceiving ? Because I am going to be stretching thin and one bad move and it's over 

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