All Forum Posts by: Jacob Repreza

Hey @Adam Young welcome to the site and the wonderful world of real estate investing. We're hosting a meetup in newport beach tomorrow night if you want to stop on by. 

https://www.biggerpockets.com/forums/521/topics/789230-orange-county-investor-meetup

Hey Cody! To your question, that spread is not nearly enough for a wise flip. Unless you're going cash you have to keep in mind holding costs and loan fees, in addition to closing costs, rehab bids that'll end up being higher than usual 9/10 times etc etc. There's a lot more stuff involved than purchase price, rehab and sale price. And on top of that, you have to consider the risk and percentage return you're getting back. Is that $500k in loans or cash and 2/3 months of your time worth such small margins? These are all things to consider.  
  

For us its always properties that need renovations, and property types are a mixture of 1-4 units depending on price and neighborhood. We prefer the suburbs but are looking into Cleveland proper now as well. 

Hey Chris welcome to BP! Since your goal is ultimately cash flow, the best way is more than likely going to be somewhere out of state where you can make the 1% rule work and collect rents each month. We're personally in Cleveland but there are plenty of other markets and the more familiar you already are with one then even better. 

We also have a meetup coming up next tuesday night in newport if you wanna come by! Meeting people always helps decisions. https://www.biggerpockets.com/forums/521/topics/789230-orange-county-investor-meetup

Hey @David Pereira welcome to the site! As a person starting off the most important thing you're going to want to do is get as educated as possible and make connections. Figure out how to accurately estimate rehab cost and finding ARV's as those are the foundations for almost anything in real estate. Once you have those 2 things down, a lot of other stuff gets a lot easier.

Also as @Jared Baumer mentioned there are meetups going on in orange county and one of them is the one we host in Newport and here is the link! Feel free to stop on by. https://www.biggerpockets.com/forums/521/topics/789230-orange-county-investor-meetup

Do your research and make connections! Referrals from other investors are always the best place to start when you're going into another market. Good luck!

Yeah I'm not gonna lie that really shocked me lol Orange county really trying to milk any profits they can get. 

Hey Robert! I'd recommend learning all you can first to make sure you at least have an understanding of whats going on. After that, I believe there is quite a few out of state investment meetups in LA and you're bound to meet a cleveland investor at one of them and that would be the best way for referrals. 

Hi! Welcome to the world of real estate investments. The decision to invest is great and I think cleveland is a great choice. First though you need to make sure you consume all the possible real estate investing material you can. Listen to podcasts, read all the articles on this site, all the forums and questions cleveland related, so you at least have an understanding of whats going on and decent and non decent areas, what makes a good investment etc etc 

Investing out of state isn't as scary as most people make it out to be but if you have no connections and no investment knowledge then it'll be a rough going and there are plenty of people that will take advantage of that so be careful.