All Forum Posts by: Alana Nevares

Thanks always, for sharing your knowledge!

Does the post about  "30 000 dollars pigs" apply to B- /C class neighborhoods in Cleveland, like Garfield heights and Euclid for example. Does it apply to 60 and 70 000 homes as well?

Hi, 

I have few rentals. Thought about starting flipping with someone that will overlook the work locally (Cleveland). 

Thought about doing it in Garfield heights or Euclid, as did not want to borrow too much. I am looking at about 20 000 profit. 

Any thoughts as to where to start in the Cleveland area? Would Parma, Univ Heights make sense if the total budget would not be more than 100000

We acquired 4 properties this year, 1 GF heights, 1 Euclid, 1 Univ Heights and 1 Cleveland Heights. 

Most of them in the 60-80 000 range. Now, Furnaces are very old in most of them. I was just reading a post on CapEx and the trouble that this low cose properties can cause. We are cash flowing about 200 per door. Some 250. One Furnace will take the whole year income. Any thoughts about the Euclid Market for example, are this too good to be true deals?

If anyone has experience in buying in this area, and having to replace big items soon after purchase, would like to hear your experience. 

Also, out of state and using management companies.

Hi All, 

I found a duplex in 44119 zip code in Cleveland. I am not familiar with this area. the numbers would work, but it does not seem to be much happening around the area and worry about vacancies. Also, close to highway. If anyone has invested in 44119, please let me know. Thanks,

Hi All,

We recently purchased  some units with prior savings, but we ran out of cash and we have demanding jobs that would not let us engage in creative investment that would require a lot of time commitment, however, I was wondering about rent-to-own. Is this a safe option? My thought was to get few of these properties and get some cash flow that would help us pay the other properties that we did purchased through a loan. Is there any catch to the rent-to-own strategy? is it true that you only need to put down between 3 t o10% and if so, does this apply to investors also? Any advise is appreciated.

Hi, was hoping tocget guidance on fund and grow... can i purchase an auction property with fund and grow funds? I have done turnkey purchases through conventional loans, but was looking into other dunding sources....

Thanks for all these ideas, i was very worried...not inly for the safety of the tenants, but also for when i have to sell.... 

Thanks for sharing your thoughts

Hi,

Hoping to get some guidance on how to handle asbestos. I have to properties with possible asbestos. One has it on the furnace and the other one possibly on tiles. I don't feel comfortable with it and not sure how to proceed. We did not request the seller to address this.
thanks for your thoughts.