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All Forum Posts by: Brenden Evans

Brenden Evans has started 3 posts and replied 17 times.

Post: Rental Property Investments

Brenden EvansPosted
  • Investor
  • Posts 17
  • Votes 20
Quote from @Gino Barbaro:
Quote from @Brenden Evans:
Quote from @Gino Barbaro:

@Brenden Evans

Congrats on all your success!!! I visited Cleveland years back, and to me the east side of the city was older, higher cap rates, and lower price per unit, but harder to manage. The west side was a bit newer, higher pricing, but a more stable resident base.

1.Don't chase high cap rates. 2. Make sure to walk the neighborhood and property before you close on deals 3. Become familiar with the local laws. They've got some funky laws when turing a unit or buying a property with deferred maintenance. 4. Interview as many property managers who manage the type of asset you're investing in

Gino


 Thankyou for the feedback. Do you invest in Ohio as well?@Brenden Evans

We do not. There are a bunch of our members who do 


 Understood, would love to connect. 

Post: Out of State Investing Locations

Brenden EvansPosted
  • Investor
  • Posts 17
  • Votes 20

One of my properties is in a C-area. Duplex rented for 1000 for the first unit, and 750 the 2nd unit. My bills on the house are around 900 a month including vacancy reserves.  Both markets have been cash flowing for me, Milwaukee a bit less but still gives me good cash flow. 

Post: Rental Property Investments

Brenden EvansPosted
  • Investor
  • Posts 17
  • Votes 20
Quote from @Gino Barbaro:

@Brenden Evans

Congrats on all your success!!! I visited Cleveland years back, and to me the east side of the city was older, higher cap rates, and lower price per unit, but harder to manage. The west side was a bit newer, higher pricing, but a more stable resident base.

1.Don't chase high cap rates. 2. Make sure to walk the neighborhood and property before you close on deals 3. Become familiar with the local laws. They've got some funky laws when turing a unit or buying a property with deferred maintenance. 4. Interview as many property managers who manage the type of asset you're investing in

Gino


 Thankyou for the feedback. Do you invest in Ohio as well? 

Post: East Side Cleveland Investors

Brenden EvansPosted
  • Investor
  • Posts 17
  • Votes 20

I have some units on the east side. What’s interesting is that I cash flow pretty well and haven’t dealt with tenants not paying. Longer term older tenants who are constantly on time for the most part.

Post: Rental Property Investments

Brenden EvansPosted
  • Investor
  • Posts 17
  • Votes 20

Hello,

I am a 21 year old real estate investor out of Los Angeles California. I own some rentals in Cleveland and Milwaukee and I am a couple of weeks from closing on another multi family in Wisconsin. I am interested in any advice I can get in regards to expanding my portfolio in Cleveland? The do's and dont's would be greatly appreciated as I am always trying to learn. Any advice? All investors welcome

Post: Rental Property Tips?

Brenden EvansPosted
  • Investor
  • Posts 17
  • Votes 20

Hello, 

I am a 21 year old real estate investor out of Los Angeles California. I own some rentals in Cleveland and Milwaukee and I am a couple of weeks from closing on another multi family in Wisconsin. I am interested in any advice I can get in regards to expanding my portfolio in Cleveland? The do's and dont's would be greatly appreciated as I am always trying to learn. Any advice? All investors welcome

Post: Out of State Investing Locations

Brenden EvansPosted
  • Investor
  • Posts 17
  • Votes 20

I’m also an out of state investor as well… I own some rentals in Cleveland and Milwaukee. Cashflow has been amazing for me. I’ve heard some great things about other cities as well, specifically Columbus.