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All Forum Posts by: Greg Z.

Greg Z. has started 4 posts and replied 9 times.

Quote from @Becca Lavin:

Greg,

Raleigh/Durham is a popular area for out of state investors to focus on! After all, it is one of the top ranked areas to live. 

I'm a licensed broker in the area that specializes in investment real estate as well. I'd love to help or answer any questions you may have. 

Thank you, I will reach out!

Greg

Hi all,

I live in New York and and I cannot afford my first REI multifamily home here.

I went on a trip to Pittsburgh and the Triangle to see where I would like to invest in. I loved both, but, I ended up thinking Durham long term would be the better location than Pittsburgh. 

my question is, as someone who is out of state how do I get my feet with with the right and trusted people I'd need to at least with 1 home purchase and hopefully work my way up(long term) and potentially work my way into other areas. 

I have a general idea, but I just haven't broken that barrier. 

I am looking forward to hearing back what has worked from other on here. 

I have been looking at Columbus and Ohio as well. Where the heck do you even start to build a team to help you on the ground in the remote areas you are not in? I have reached out over here, but obviously, I have trust issues. I would like to visit Ohio, but with COVID it makes it difficult.

Originally posted by @Jacob Repreza:

Is there a reason you want lakewood specifically? @Greg Z. Because @James Maradits is absolutely right. Lakewood is an extremely popular area where you find SFR/Multis that are much much higher than your average Cleveland neighborhood prices which cuts into the cash flow. We're purchasing multis anywhere from 80k-120kish in the east cleveland suburbs so our cash flow looks great on paper and we'll see once we get them occupied. Those same multies in lakewood would probably be 50-80k more expensive depending on condition. We like looking in lakewood for flips but not as much for rentals.

I am more comfortable investing in an area where with a little less risk. However, I haven't done as much review on the east side yet. I did see a nice commercial property with a good ROI in Cleveland Heights/Mayfield Heights a year ago, but I'm not looking for commercial.

 Do you mind if I reach out and pick your brain?

Greg

Thank you for the input. I may hold off because I don't want to pay the covid premium on homes. 

I have been mostly interested in the lakewood area, and east , south east of lake wood. 

i have reviewed the guide below and am always open to input and other people's valuable opinions.  

https://www.biggerpockets.com/...

Hi all,

I've been looking to invest in Cleveland for the last 2 years. I'm wondering, if the market still calls for good investment for cash flow. 

Also, if anyone knows an agent please let me know. I'm looking to get more #s on 2-4 multi units to crunch some numbers. 

I'm looking mostly in B areas and C areas that are appreciating. 

Any other tips would be great. 

Thank you! Yeah I am strictly looking for cash flow. Everything I am seeing right now in Orlando (and I have been looking in the last year) seems quite expensive and breaks cashflow I am comfortable with, especially if I will be having a PM. 

I may start looking at other markets, but seems everything is inflamed. 

Hi all, I have been looking to invest in the Orlando market and its surrounding areas for awhile (open to other areas). I am looking for cashflow investments now, not really for appreciation. Which areas should I be looking for in Orlando or its surrounding areas?

How is Florida/Orlandos RE market right now? How are PM's in the area?

Thank you,
Greg

Post: 100k to invest east coast area

Greg Z.Posted
  • Posts 9
  • Votes 8

Hi all, I have been slowly looking to get into the real estate market for the last year or two. My main interest in the begiining in cash flow, which then can turn into appreciation by either selling off, and buying into a new market or if the area turns around.

I have about 100k to invest on the east coast, and am wondering what are some affluent/good areas to look into. I have began my search, but wondering if there are some other areas I should keep my eyes on. Any other tips would be greatly appreciated.

Thank you.