Seeking Private Real Estate Investor Northeast Ohio

HaveFinancingPrivate Money
Classifieds

Seeking Private Real Estate Investor Northeast Ohio

Joey LeivaPro Member
Member since 2026 · 4 posts · 1 vote

I'm currently seeking a private investor interested in partnering on a promising multifamily real estate investment opportunity in Northeast Ohio. I've identified a triplex listed for $120,000, with hopes of negotiating the purchase price lower. The property is already fully occupied with active, rent paying tenants, currently generating $2,055 in monthly rental income ($24,660 annually), with tenants responsible for their own utilities. Based on preliminary estimates, the property has the potential to generate close to $1,000 in monthly net cash flow, depending on financing terms and operating expenses. I'm looking for an investor willing to contribute approximately $30,000 toward the down paymentin exchange for 30% equity ownership and a 50/50 split of net rental profits. I would retain 70% ownership and take responsibility for managing the property and overseeing daily operations. My goal is to establish a mutually beneficial, long-term partnership that generates consistent passive income while building equity over time. If you're a serious investor interested in discussing this opportunity, please feel free to message me privately for additional details and financial projections.

1Reply
161 views

2 Replies

Jump to latestLatest
  • Erik EstradaBusiness Member
    Lender · Los Angeles, CA · Member since 2022 · 7k+ posts · 1k+ votes
    1d

    Hey Joey, nice find. A fully occupied triplex at $2,055 a month on a $120K list price is strong rent-to-price, especially with tenants paying their own utilities.

    One thing to weigh before giving up 30% equity: a deal like this can often be financed on the property's rent alone with a DSCR loan, no personal income verification. At 75% LTV you'd need roughly $30K down plus closing costs, and the rents should cover the payment comfortably. That could mean a smaller partner check, or a partner who funds the down payment for a shorter-term return instead of permanent equity.

    Watch the loan size, though. Some DSCR lenders have minimums around $75K to $100K, so if you negotiate the price down, make sure the loan still clears.

    Happy to run the numbers with you if it helps. Good luck with it!

    Erik

    LuxePrivate Investments LLC 571 Reviews
  • Wholesaler · Hilliard, Franklin County · Member since 2026 · 33 posts · 11 votes
    1d

    Hi Joey — interested in the structure, but I need the basics before I can run it: which city and what's the address? Beds/baths and square footage, photos inside and out, and the current rent roll with leases. And the real numbers — taxes, insurance, mortgage balance and payment, and what the ~$1,000/mo net is after. Last, how would the $120k value, the $30k for 30%, the 50/50 split, your management, and the exit be papered? I'm a cash buyer in Cleveland — if the numbers work, I move fast. – Md

Join the conversationCreate a free account to reply, vote on answers and follow this thread.