All Forum Posts by: Chuck Stagliano

Hi Jack,

I am a wholesaler in Cincinnati as well and would like to discuss this with you off line.

Please send me an email at [email protected] with a phone number and we can talk.

Regards,

Chuck Stagliano

(513) 899-1458

Hi Patricio,

We are wholesalers in Cincinnati and would love to meet you when you are here. Please let me know your Cincinnati schedule and we'll set up a time to meet.

Regards,

Chuck Stagliano

(513) 899-1458

Hi Alex,

You are correct about Cincinnati. I am a wholesaler there, along with a partner. We are marketing for off market SFR all the time, and between our own marketing and relationships that we have with other investors, we have a good and continuous supply of off market inventory.

Have you looked at specific zip codes? You will find that there is great variation throughout the city. If you are going to fix and flip, you will frequently sell to a retail buyer. If it is a family, the quality of the school district will be a major factor, so you should learn where the good ones are. 

You will need a team of contractor, title company, attorney and property manager (if you intend to hold). Also, a realtor. I can give you recommendations all around.

Let me know.

Regards,

Chuck Stagliano

(415) 876-1800

(513) 899-1458 M

Thanks Mindy,

I had tried the sent box, but it's not there. My recollection was that we were exchanging private messages and not posting. For some reason, I'm finding it a little difficult to navigate the BP site. I did find this guy another way, so the mystery is solved. Thanks for your help.

I recently exchanged messages with another investor on Bigger Pockets. I am trying to locate the thread of messages, but only have his first name. Is there a way to search my message thread. We did not become "colleagues" so he is not in that list. We only exchanged messages. Thanks,

Adam,

An investor friendly attorney in Cincinnati is Jim Matre at Marte Law Group. (513) 671-1234. He also owns a title company called Stonebridge Title. He pronounces it Matrie

My real estate agent is also a property manager. I'll give you her info when we connect.

Hi Trevor,

Welcome to BP. You will find plenty of good advice here. I am a wholesaler in Cincinnati with knowledge of the rental house market there. There are plenty of variables and many different neighborhoods with different population demographics. I'd suggest determining how you want to proceed. Are you looking for turn key or will you do rehab? How much rehab? Are you a cash buyer or will you finance? What is your tolerance level for not so nice areas? Etc., etc. Let's connect and I'll see if we have anything that makes sense for you.

Regards,

Chuck Stagliano

Hi Charles. 

Welcome. This is a good place to be. Lot's of good people and expertise. 

I am a wholesaler on Cincinnati and would be happy to discuss how we operate and how we might be able to assist you. Perhaps you could outline your parameters and what you are looking for. That would be a good place to start.

Regards,

Chuck Stagliano

Cap rate is NOI (net operating income) divided by the price. Someone in this thread stated it backwards. So, determine the expenses (not including interest), subtract that amount from the gross income. This your NOI. Now divide by the price and you have the cap rate. Cap rate, as a stand alone figure, is of little value, until you know the cap rates of similar properties nearby. Also, it can change if the property needs work and expenses go up in the future. On a four unit building, cap rate is really not that big a deal. This is more for large commercial projects. Talk to buyers in terms of cash on cash and comparable sales.

Hi Jose,

This is an interesting post. If you could provide a little more information on what your plan is, with some specifics, I may be able to assist you. I am currently a full time wholesaler, operating in Ohio.

Regards,

Chuck Stagliano