All Forum Posts by: Caleb Barney

Matt Sorace with A Step Up Home Inspection

216-832-6182

He starts at $250 for inspections, which is crazy cheap. I’ve always been leery of going with the least expensive, but I used him on two of my purchases and with several of my clients too (both for investors and people buying primary residences). He does a good job of explaining things in a not so scary way (especially important for working with first-time homebuyers).  

Matt Sorace with A Step Up Home Inspection. He’s extremely thorough, will submit a PDF report to you, and is reasonably priced. Send me a message and I’ll get you his info. 

I understand. That would be great to optimize both cash flow and appreciation, but to maximize one side of the equation, you have to give up a little on the other (especially when investing as a long-term buy and hold investor). 
I liked your comment about knowing the Cleveland area well and feeling more comfortable/confident in choosing the right area there. As you're probably well aware, people lump "Cleveland" houses together, but there are so many pockets of really hot areas and some neighborhoods that you definitely don't want to be caught in by yourself at night. 
I like the Cleveland area (especially the west side), but I'm a little biased since I'm from the area. That being said, here are a couple of articles (I have no affiliation with them) explaining why Cleveland is a great area to invest. 

https://www.realwealthnetwork.... 

https://www.rentalincomeadviso...

Hi Christine, I'd start by doing some research on what you want the final outcome to look like. The good part about the Cleveland market is that it's affordable and a good cash-flowing market. But it depends on where you're looking and if you prefer to invest based on cash flow or appreciation. Other things to consider are how long you plan on holding that property and if you're moving after a couple of years, are you going to find a property manager to manage it on your behalf, are you going to try to manage from a distance, sell it, etc. Have you talked with a lender yet about what you're pre-approved for?

Hi Jana, 

I would recommend Andrew Somich of Somich & Associates. 216-577-0488

There’s not really a market for vacant land there.

https://www.zipdatamaps.com/44...

Where at in Cleveland?

Are you financing the property or paying cash? That might affect your plans, as many lenders do not lend money to an LLC unless the LLC has its own assets and/or income.

I'll second what Matthew said. You're not getting any ARV class properties for anywhere close to $100K in this market.