All Forum Posts by: Samuel Diouf

Welcome to Bigger Pockets Brendan!

Cleveland is a great market to invest in if you're looking for cash-flow. Because of that low barrier to entry, plenty of investors from all over are looking at this city. I highly suggest working with an investor friendly agent so you don't buy in the wrong locations.

I like the west side of Cleveland. Look into neighborhoods like Jefferson, West Boulevard, Cudell, Clark Fulton, Brooklyn Center, Old Brooklyn, and Garfield Heights.

I suggest working with an investor friendly agent so you can get the right guidance!

Welcome to Bigger Pockets Melody!

It helps to network with as many people in the industry as you can. A great way to start is by attending RE events and joining a local investors association. You can usually find some events by doing a simple google search.

Welcome to Bigger Pockets Jeff!

Bigger Pockets is a great place to learn and connect with fellow investors.

If you’re looking to invest long distance, I definitely recommend building your core-4 team. This team consists of an Investor Focused Agent, Lender, Contractor, and PM.

Read this article on the "core 4". It explains the team that you should develop to have a strong foundation under you while investing remotely.

https://www.biggerpockets.com/blog/core-four-real-estate-team

I'd start as a Sole Proprietor. The first investment won't go completley as planned, but the learning experience you'll get will be invaluable. Any profit after that will be a bonus.  

Hey Assaf, welcome to BP.

Cleveland, OH is a strong market to invest in! I started investing here after moving to Ohio from Florida for of the growing market. I spend all day sourcing deals now.

It will really depend on what market you're in. Typically, the higher the cash-flow is the higher risk becomes as well as the highest on-paper cash-flow is always in the roughest areas.

Hey Vincent, if you have a lower risk tolerance.. I would start with something either turnkey or light value-add, so you can start forming your boots on the ground team with less pressure and risk. Once you feel you've built a strong team with your first property and have solid systems in place, I would then start buying more aggressively and taking on bigger projects.

Hey Victor, when you using Helocs I would focus on only getting short term loans for value-add deals so you don't lock your homes equity in another long-term form of debt. 

With your budget you'd probably need to look in markets OOS that have lower price points. 

Doing BRRRRs or flips out of state definitely adds another level of difficulty, but it can be done very successfully.

You'll want to work with a good agent so you can gain the right understanding of the market you're in and pull accurate comps while also getting access to exclusive deals and pull the comps. Then you'll need to find a high-quality contractor who can ensure your rehab is done properly.

I recommend doing BRRRRs in cities that have some sort of mix between appreciation and cash-flow!

Hey Ruben, Cleveland, OH is a strong market to invest in! I started investing here after moving to Ohio from Florida for of the growing market. I spend all day sourcing deals now.

It helps to network with as many people in the industry as you can. A great way to start is by attending RE events and joining a local investors association. You can usually find some events by doing a simple google search.

Hey Cindy, have you looked into OOS state investing? A lot of investors based in markets like California and New York are choosing to purchase their investments OOS in the Midwest because of the affordability, landlord friendly laws, and numbers making more sense.

If you're considering investing from OOS I highly recommend reading this article. 

https://www.biggerpockets.com/blog/core-four-real-estate-team