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All Forum Posts by: Julia Newman

Julia Newman has started 2 posts and replied 6 times.

Post: Hello! Relocating from CO back to CLE and excited to invest

Julia Newman
Posted
  • Posts 6
  • Votes 16
Quote from @Scott Trench:

Welcome to the community and thanks for listening! 

I've noticed that CO has a lot of net outbound migration for the first time in a few decades. I bet that a lot of millennials are moving back to their roots (Midwest, East Coast, South, etc.), and for that reason I wonder if a market like Cleveland doesn't currently offer not only great cash flow opportunities but also reasonable appreciation potential. 

Best of luck, and I think you may have made some good moves financially! Look forward to seeing how your journey plays out!


 Hi Scott--We are seeing quite a bit of that among our friends and network in CO as well--being close to family makes a big difference when you are starting your own. I am hoping/thinking the same--that this may result in us seeing markets like Cleveland have some greater opportunities for, especially, appreciation than in the past. 

Post: Hello! Relocating from CO back to CLE and excited to invest

Julia Newman
Posted
  • Posts 6
  • Votes 16
Quote from @Uri Gofman:

Hi Julia,

We've been investing in the Cleveland real estate market since 1995.  A lot has changed since then but a lot has stayed the same.  Depending on your investment strategy and how much time you have to dedicate to this industry, you can generate a significant return on your investment of time and capital.  There are always opportunities.  Best of luck to you!

Uri


 Thank you Uri! 

Post: Hello! Relocating from CO back to CLE and excited to invest

Julia Newman
Posted
  • Posts 6
  • Votes 16
Quote from @Austin McClain:

Welcome back! If possible, consider house hacking in Cleveland. It's a good way to scale quickly with the equity you're bringing. 


 Thanks Austin! With a couple little ones house hacking isn't a viable option for us at this point unfortunately, but I love the idea. 

Post: Hello! Relocating from CO back to CLE and excited to invest

Julia Newman
Posted
  • Posts 6
  • Votes 16
Quote from @Robert Ellis:

welcome to the forums and welcome back from Colorado! two great strategies and looking at multiple markets. the two fastest growing counties in the past 12 months are in central ohio along with another 3-4. Cleveland hasn't seen the same migration patterns. parts of Cincinnati have but central ohio / columbus rules the world when it comes to stats. source below: 

https://www.axios.com/local/columbus/2023/04/07/franklin-cou...

happy to chat about central ohio. I'm not too knowledgeable on Cleveland or Cincinnati 


 Thanks Robert! I've heard great things about the growth in the Columbus market. Appreciate the resource and will reach out to connect more soon!

Post: Looking to build a team in Cleveland and Columbus

Julia Newman
Posted
  • Posts 6
  • Votes 16

In the process of relocating back to Cleveland and will be investing in the CLE and Columbus markets. Would love to start connecting with agents, lenders, contractors, etc. in these markets. We're primarily interested in flipping and single family or small multi buy and holds. Looking forward to connecting!

Post: Hello! Relocating from CO back to CLE and excited to invest

Julia Newman
Posted
  • Posts 6
  • Votes 16

I've been listening to BP for several months now as we prepare to move our family back from Colorado to my Cleveland roots. We are bringing with us some equity from the Colorado market, and I'm excited to start investing in the Cleveland, Columbus, and Cincinnati markets. Would love to connect with other local investors to network, learn, and continually improve our strategy!