Has anyone purchased from Rehab Kings in Cleveland?

Question

Hi,

I am wondering if anyone here has every purchased a property through Rehab Kings LLC in the Cleveland OH area. Any info you could share would be greatly appreciated!

Thanks!

James Wise · Answer

Never heard of them. Not many rehabbers in Cleveland selling properties in Cleveland whom I haven't heard of. I'd imagine they are a brand new outfit. So I doubt you'll find much if anything on them.

Important to note that new doesn't necessarily mean bad. It doesn't mean go though. It's just totally unknown. So just make sure you do the proper due diligence & it doesn't matter who sells you the property. If the deal is good, it's good. Get yourself a 3rd party inspection & an appraisal.

Marc Zander · Answer

so I’m a little late the party with this, but I actually worked for them. And everything being said by those who bought houses is absolutely true. Our team was to repair drywall and on any given job, they would push you out to a new site before I could even get a chance to sand any mudding I had done. They would choose to texture walls and ceilings instead of actually repairing them because it’s the cheaper route. They steal investors money and run. Worst job I’ve ever held. If anyone reading this has a house from them, I am personally sorry for the conditions they are in.

Ricky Nigro · Answer

Wow! Really appreciate the feedback Marc! Sorry to hear. Glad I didn’t end up getting involved with them.

James Wise · Answer

Thanks Ricky glad you like the content. You know where to find me when you're ready.

Ricky Nigro · Answer

Many thanks James! We actually plan to get it on a deal with you also but we are total newbies and still shy haha. We love your video reviews and total transparency! Keep up the rockin work!

Robert Matelski · Answer

I just looked up Rehab Kings LLC as an owner in Cuyahoga County... right now they only own a single property in that particular business name. A single house on E 133rd in what's technically Collinwood I guess, but is not at all close to any of the parts of Collinwood that have much rebound potential. This particular property went to the sheriff's sale in 2014. Then it sold for $1,800 on 10/06/2015, then for $10,000 on 09/26/2016, then for $39,000 on 10/18/2016, then for $39,000 on 07/19/2018, then for $2,000 on 02/06/2019, then for $14,000 on 02/20/2019. Though it's not a definite show-stopper for a property to be tossed around like a hot potato and have a bunch of transfers like this, it usually causes me to raise an eyebrow and be at least somewhat suspicious.

James Wise · Answer

That's a bummer man. Red flags always go up in my head when investors come on here and talk about some Cleveland company I've never heard of. New doesn't always = bad but if there is a company doing any reasonable amount of business in Cleveland i've heard of them. These dude's have never hit my radar & it may appear that this is why. Did you pay fair market value for the home or did you overpay? If you post the address & what you paid I can post some comps here so you know where you stand in regards to it's true value.

P.S.

Everyone thinking about Cleveland needs to give The Ultimate Guide to Grading Cleveland Neighborhoods a read. You want to make sure that the seller's description of the area coincides with the grade my guide has given it. If the seller tells you the neighborhood is all blue sky but my guide says it's a D-class area, you've got yourself another big time red flag.

Ricky Nigro · Answer

Wow! Many thanks for sharing. Very sorry to hear. I have not done business with them yet.

Did you get a third party inspection? I’m wondering how all the issues were not presented. Again, many thanks for

Kristopher Hanks · Answer

@Ricky Nigro

Who are the principals running Rehab Kings LLC? People on here might be able to give you more information if you know who is running the company.

Has anyone purchased from Rehab Kings in Cleveland?

Has anyone purchased from Rehab Kings in Cleveland?

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