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All Forum Posts by: Chibueze Nwadigo

Chibueze Nwadigo has started 10 posts and replied 26 times.

Post: Sneaky tenants caught on Airbnb

Chibueze Nwadigo
Posted
  • Rental Property Investor
  • Florida
  • Posts 26
  • Votes 18

Hello guys, so long story short, recently found out on Airbnb that my tenants listed my property on Airbnb which is a violation of the lease and could get evicted but I am thinking like a business man. My question is how do I go about getting some of the profits if they are booked or not. 

Post: Looking for hard money lender

Chibueze Nwadigo
Posted
  • Rental Property Investor
  • Florida
  • Posts 26
  • Votes 18

Hello, BP fam, I am currently looking for a private money lender or hard money that will lend  some capital either toward down payment or entire purchase price. 

Post: Impossible to get 300k liability (landlord insurance) ?

Chibueze Nwadigo
Posted
  • Rental Property Investor
  • Florida
  • Posts 26
  • Votes 18

got a quote recently from a insurance broker from florida one had 300k personal liability coverage 

Post: Gainesville, FL Real Estate Investing

Chibueze Nwadigo
Posted
  • Rental Property Investor
  • Florida
  • Posts 26
  • Votes 18
Quote from @Sophia Hartgrove:

Hey Florida Family - I am a student at UF learning to wholesale properties. Hoping to link wholesalers, rehabbers, and other investors with properties and learn all that I can. Please let me know if you are willing to chat!


 Hello Sophia, Investor here from Gainesville, Have to properties there so far, lets chat. 

Post: Cash out refi

Chibueze Nwadigo
Posted
  • Rental Property Investor
  • Florida
  • Posts 26
  • Votes 18

Hello all, so i bought a property in Cleveland OH using hard money terms are 6 months, initially reached out to my lender before the deal  about a possible cash out refi which she wrongfully told me i could right way only for her to come back and tell me i'd have to wait a year, so i wanted to know if there are any  lender in Cleveland that have a 6 months waiting period in order to cash out refi. Thanks for your help. 

Post: RentRedi Software Program

Chibueze Nwadigo
Posted
  • Rental Property Investor
  • Florida
  • Posts 26
  • Votes 18
Quote from @Bryce Cutler:
Quote from @Chibueze Nwadigo:

i use it for my STR and will be using it for my long term as well, i like how they run the background check for you, sent up rent collection with reminders. tenant can also request maintenance on there. customer service is also there to help via chat. so far no issues

How are you using it for short term rentals? I would love to have one option for STR and LTR. 

 i use it for furnish finder, i just set it up like i would for long term rent and add in check in date and check out date, and the site sends them a link to download the app and thats where they pay for the rent. the costumer is great they walk you through any issue your having  

Post: RentRedi Software Program

Chibueze Nwadigo
Posted
  • Rental Property Investor
  • Florida
  • Posts 26
  • Votes 18

i use it for my STR and will be using it for my long term as well, i like how they run the background check for you, sent up rent collection with reminders. tenant can also request maintenance on there. customer service is also there to help via chat. so far no issues

Post: in need of a GC

Chibueze Nwadigo
Posted
  • Rental Property Investor
  • Florida
  • Posts 26
  • Votes 18

Hello i am looking for a reliable GC in the Cleveland area, I am an out of state investing from Florida, looking to purchase some properties in Cleveland in the next month, have a inspection report i need looked at and hope to work together. Thank you !!

Post: Any Real Estate Investors in the Cleveland Market

Chibueze Nwadigo
Posted
  • Rental Property Investor
  • Florida
  • Posts 26
  • Votes 18
Quote from @Bob Okenwa:

@Chibueze Nwadigo

There are a lot of folks here with great knowledge on the Cleveland market. You really have to have a great team to be successful out there as you can find yourself in a tough situation if you choose the wrong submarket within Cleveland. Everything that looks good on paper doesn't equate to a good investment. It can be street-by-street so it's crucial to know which areas to avoid.

The housing stock can be as old as 100 years or more so be aware of that as well. Lead, asbestos, knob-and-tube wiring, galvanized plumbing can be common in some homes so one must be accountable for cap-ex early on. 

Also, some cities have Point of Sale inspections so be aware of that as well as these homes must pass city inspection. When a seller is thinking of selling their house they order a POS inspection with their city if required. The city will do an inspection and produce a list of items that need to be addressed/fixed upon sale of the property. The repairs need to be made by the seller prior to the transfer of title or assumed by the buyer upon sale. Once the house is sold the repairs that were documented on the POS inspection report need to be completed within a certain amount of time, which varies by the individual city requirements.


 thank you so much i appreciate the information. 

Post: Any Real Estate Investors in the Cleveland Market

Chibueze Nwadigo
Posted
  • Rental Property Investor
  • Florida
  • Posts 26
  • Votes 18

Hello BP fam

So I am interested in the Cleveland Market looking to purchase either SFR or multi family, currently have 2 properties in Florida decided to venture out of state to Cleveland due to being able to purchase them cash with good rental. I wanted to know if any of you guys have invested in Cleveland and your overall experience on it.
thanks