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Updated over 5 years ago on . Most recent reply

User Stats

90
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55
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Vlad B.
55
Votes |
90
Posts

Real Estate Journey Not Smooth Advice

Vlad B.
Posted

I have yet to buy our first property and need advice. Here’s the journey so far.

1) Looked to buy local to self manage in Illinois but calculations didn’t work. Reside in Illinois suburbs.

2) Have a team (RE and Prop Management) in Columbus, OH. Bid offer price for a Class C property and was outbid.

3) Contingent on video tour property in Columbus Ohio but the inspection was $7k of issues. Owner was fixing, but second inspection didn’t pass. I was misled on the quality of the property. Walked.

4) Bid on a duplex in Cleveland, Oh but couldn’t agree on a purchase price.

5) Completed a syndication deal 9/30.

I don’t want to give up, but it has been a rough start. Please advise if you have any suggestions.

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