Hi property managers! Tom here, and I’m looking to acquire SFHs in Cleveland virtually. We typically prefer off market referrals from real estate pros. Is this typically something you all do in this area? I know it varies.
I've been thinking about this more lately. You get a property bought and renovated, and now you have two pretty different paths: sell it and move the capital into the next deal or hold it as a rental and refinance. Obviously, the numbers matter, but it's not always as simple as just picking which...
Hello everyone. Could anyone recommend a reliable and knowledgeable professional who can set up a trust or any other entity to shield myself from any future lawsuits related to my 2 rentals. I am a high level w-2 earning earning individual who is investing in real estate but i am worried if somet...
I’m buying 20-60 unit apartment properties in Lorain County and west Cleveland, and I’m looking for a lender that will let a seller-financed second reduce the cash I bring to closing. I’ve seen a lot of creative finance deals done with 5-10% down where the seller carries part of the price, and I’...
All - I'm looking at acquiring my first STR in MI. The current owner is providing facts/figures etc on the subject property. My question is how do I protect myself from the seller making false claims? My thought was to put all the Q&A in a doc and then have them attest to it perhaps? Any advice o...
Curious how many investors here with properties in Greater Cleveland or Akron are still self-managing versus using a property management company? I work in property management here locally, and I talk with owners every day about leasing, tenant issues, maintenance, and all the day-to-day headache...
Hello, I live in Los Angeles and I am pretty liquid. This is a two part question and I hope someone can guide me in the right direction. 1) I am looking to buy Single Family Homes in Cleveland, OH to rent to Section 8. With average price of $70-$85k, I am considering either buying 10+ all cash or...
Sometimes you need to have a buffer between you and your tenants. Living on the east side of cleveland all my life I know there can be challenges that takes a specialized individual to handle. Would love to discuss the opportunity of managing your property or just keeping an eye on things while y...
Buying a duplex and want to see who everyone recommends for home inspections. I'd like a sewer camera inspection as well. please tell me you recommendations.
Taking the time to build credit whether personal and business brings peace of mind. Although temptations arise keep the why in mind along with your system to circumvent emergencies. Budget. etc. Can you look at $1,000,000 in credit and not touch it unless there is a serious emergency; involving y...
Hi, I am a new investor in the Cleveland area. I am based out of Lexington KY, I have just bought my first property in Cleveland. I am looking to make some connections in the area and learn more and get more invested in the business!
Have a property I finished got it appraised and everything but now I need to pull a DSCR loan trying to get a good rate
I've came across a couple investors willing to invest into an pre cash flowing convenience store and or smoke shop location but the problem I'm having is in the contracts there putting clauses to where I lose everything even if the business is already empty when I buy it. Who and where do I go to...
I've seen a lot of posts recently regarding Section 8 - some needing help, others critical of it. Section 8 gets a bad reputation it mostly doesn't deserve. Here's what it actually looks like from the landlord's side: Part of the rent is paid by the housing authority, straight to the owner, every...
Looking for a title company in Cleveland Ohio that regularly closes wholesale assignments and double closes. If you've worked with one you'd recommend, please share: Do they close assignments without issue? Are they responsive and clear on fees? Do they work well with out-of-state or remote inves...
Hello BP comunity, I am working with my PM trying to get a tenant at my duplex in Cleveland 44102. It has been on the market since April. Are you seeing longer vancacies? What strategies did you use to market your unit faster? Did self showings help? Thank you.
I'm pretty green in the Real estate world and I've been approached from a few acquisition company's and i would love to know the best ones as i build my Buyer list. any help would be appreciated.
Hi Everyone! My siblings and I are purchasing a rental property together through an LLC and currently are talking to a national bank. They let me know that closing would take around 45-60 days. Is this normal? And if anyone has any good recommendations for DSCR lenders in Cleveland that can poten...
I own 27 rental units across the U.S. and Canada. Cash flow gets most of the attention, but I also want to know how much debt I’ve paid down and how my equity has changed. I am horrible at keeping track of receipts and I have two year ends. One in Canada one in the US. Which sucks because year en...
Hey BP community! I am running low on personal capital so buying a property outright is difficult at the moment (until I refinance/sell my BRRRR projects going on right now). I was wondering if anyone has any experience of buying a move in ready investment property using a DSCR lender then Refina...
Good morning, Does anybody know of a free fix and flip calculator that my property acquisition team can use? I am in the process of switching from Prop stream to Data Swift for lead generation if anybody has any insight. Thank you!
For the investors buying in Northeast Ohio — what makes you choose one neighborhood over another? Obviously, price and rents are a big part of it, but there’s usually more to it than just the numbers. Schools? Tenant demand? Housing stock? Proximity to jobs? Taxes? Having good contractors nearby?...
I have a vacant duplex in Cleveland, looking for recommendations for property management for section 8 rents.
Hey BP! We are deep into the summer season, and I'm curious to hear how things are going for everyone active in the Cleveland market. I want to pass the mic to you all: The Wins: What went exactly as planned (or better!) at the beginning of the summer? The Challenges: What unexpected hurdles or h...
Hi, I am trying to finance my first multifamily. I have 15 cash flowing properties with $900k of equity, since they have low current rates I'd like a heloc or other ideas to find $150k for the multi family down payment. any advice or ideas please? Thanks, Jemma