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Updated over 6 years ago on . Most recent reply

User Stats

21
Posts
7
Votes
Joseph R Fornwalt
  • Rental Property Investor
  • North Olmsted, OH
7
Votes |
21
Posts

New to BP, first rental property

Joseph R Fornwalt
  • Rental Property Investor
  • North Olmsted, OH
Posted

Hello everyone, I am new to BP and this is also my first post. (Reposted in this category). I'm currently self educating and analyzing small multi family properties in Lakewood, OH. I also currently live there as a renter. My most likely path will be as an owner occupant with an FHA or 203k loan. I've very recently been working with an agent and receiving emails with properties off the MLS. I'm curious as to what others are using as their numbers when analyzing a property. Hoping to determine if the issues I'm having are related to my numbers/percentages, or if there are other reasons I've been unable to find a deal that works. Also, is it appropriate to search a property via parcel number on the county site, and use the listed market assessed value? I intend to manage myself for my first property, but include management in my expenses. Any and all advice would be greatly appreciated!

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