All Forum Posts by: Bob Stevens

Hello,

I am new, and I did the house hacking and got a few houses, but I am starting solo and would like to learn more to increase my house portfolio and improve my finances 

 No reno. I actually bought turn key. No POS.

Hi Cleveland BP Community,

I've noticed a lot of cheap houses for sale in East Cleveland that could make great cash flow given their list price. However, I heard East Cleveland is a D to F class area.

For those of you with rental properties at or near East Cleveland, what is it like managing rental properties over there? Are the tenants hard to deal with? Do you experience break-ins / theft? Do you deal with squatters?

Knowing the good and bad would be much appreciated.

Hello,

I recently bought a property in Cleveland and inherited the tenant.  The tenant is amazing and has been there for a long time, she says she has no plans on leaving.  The property is rented at 850 a month with market rent average at 1300 and she covers all utilities and yardwork.  I don't want to be greedy but also that is a humongous gap. Should I just raise it a little per year to get it closer? How much is fair?

Thanks so much for your input.

-Calum B

Hello, I have my first deal done and it's was handed over to the property management team a few weeks ago. Do you have any tips or avenues I can take to help them out with marketing my property to find a renter. The property is located in Cleveland Heights. I am putting it up on Facebook, Craigslist, etc. but is there anything else a newbie can utilize that you have found success with? Thanks. 

My tip would be to buy properties in desirable vs "affordable" areas. If you buy where people actually want to live, you will always have tenants.

My tip would be to buy properties in desirable vs "affordable" areas. If you buy where people actually want to live, you will always have tenants.

All: 

Really appreciate the community here and the hive mind. I have a few properties in Durham which I obtained as a 1031 in 2022 or so, and they are currently not really cash flowing. Here's a sample monthly for one property:

Gross Rent: $1990

Mortgage: 1770

Tax: 209

Insurance: 119

Management: 199

SO that's about a loss of $300/mo. 

A few solutions I can think of: 

• Refi loans
• Increase rents
• Cheaper insurance
• Eliminate management
• Fight taxes
• Pay mortgage

Any thoughts? Much appreciate you input here!

@Bob Stevens, thank you. So are these BRRRR's or candidates for BRRRR's?

Hi Joshua 

I am a real estate investor in the Dominican Republic, specially in Punta Cana and let me tell you tha is the best place to invest in the all Caribbean. i saw a post about '' punta cana is only for all inclusive hotel '' and that is 50% right and 50% wrong because there is all inclusive hotel that have there public but also there is airbnb and other that also has there public. 

If you need more information pls send me a private message or just reply my post thanks