All Forum Posts by: Kelly Shulman

@David Hammer - awesome, really appreciate the perspective! Mike gave us the same candid feedback that our price point for those areas is probably 30-50k too low. Glad to be walking into it eyes wide open!

@Drew Sygit - thanks so much, great advice!

@Joseph Romano - awesome, thanks!  Yes, I actually was already in contact with Michael, he has been super responsive and helpful - glad to have your recommendation as well!

@Uri Gofman Uri - awesome, thanks so much for the recommendation! - Kelly

@Shane Kelly - thank you so much for your feedback! Agree, we've seen some in Edgewater in particular that are far beyond our initial purchase price range, so maybe that'll be down the road :-)

Hi BP Cleveland Forum!

We (we being my husband and I) have spent the last few months reading BP books, listening to BP podcast, and doing “one deal analysis per day” (thanks fort he tip there, Brandon!). We are ready to take the plunge and make our first purchase! We live in LA and we have lots of connections back to Cleveland, we are looking to build a long-distance team in Cleveland area with the intent of one purchase this year, 3 next year, and 6 purchases annually after that.

We thought we’d post to get some advice from this great community – can you help us out with:

• Agent & property manager recommendations - will be flying in for some in-person meetings in early April. Can you reply with recommendations for agents or property managers you think would be interested in working with us based on the CCC below?
• Feedback on our CCC? – We think it's possible to find something that meets this CCC based on the MLS deals we've analyzed, but we'd love advice from those who have gone before us!

Crystal Clear Criteria (hopefully) for Q2 2022 Purchase:

• Small Multifamily Home
• <$100K
• Needing <$10K of rehab
• Able to get conventional mortgage, $20K down (20%)
• West Cleveland Area (we have seen many listings that look to close on our criteria in West Blvd, Detroit Shoreway, Cudell, Edgewater, Old Brooklyn, and Ohio City, but we are absolutely open to local agent/other investor expertise here to point us to an appropriate area) or other recommended Cleveland Metro Area towns.

Looking forward to joining this awesome Cleveland REI community and starting to learn and give back!

Cheers,

Kelly & Jordan