All Forum Posts by: Uwe S.

Jared,
don't like any of your deals here, if you lose realy your job in the next 60 days a CAP 7% deal is not okay with financing. You will lose your money and investment fastly I guess.

Look for an new job in these 60 days and after you got one check some investment properties for you!

-Uwe

Congrats Rich - 5,000 forum post's is great. keep up the good work!

-Uwe

No sorry Jon, but there is an home construction company in St. Roberts maybe they can help you.

-Uwe

Which town you looking for? After that I can give you maybe a commercial website.

-Uwe

Cleveland, OH have some distressed areas with high crime, stay away from these areas. If you want a fast check of street and area use Google Maps, so you can see is it a good area like Maple Heights or a bad one.
High inventory is not the problem if you know where to buy.

Also you can check the crimes for 90 days on Cleveland Police website but this is only for Cleveland not the suburbs.

-Uwe

Is the same like an real investment propertie, your unit must be calculated like an rental.
If its an du-, tri - or quadplex you can go with owner occupied financing, if its 5+ units you must get commercial.

-Uwe

All under 80% occupied is not so good for an investor, Will told there is 75% vacancy so only 25% occupied very distressed.
16% Management fee holy cow ... with only 25% occupied where is the right to collect 16% PM fee?

With such distressed propertie you must calculate with actual numbers to get on price. So actual $54.000 gross income = $21.600 NOI (with 60% expenses) so price for propertie not more than $216k.

-Uwe

Nilkamal Shah,
I cannot post this address here but will send you an PM.

Check the local commercial MLS system with an broker website (not every broker/agent has commercial in his website).

-Uwe

Nilkamal Shah,
you right there really few good properties on market at your area but found one at Hazel Crest for only $125k with 4 multi use units.

-Uwe

Here I must disagree Will Browm, if he had the cash he will receive an very good return for his investment with low risk. And so many said here at BP "Location, Location, Location".

-Uwe