All Forum Posts by: CJ Shade

 James, this is awesome! Thank you so much!

I’m looking at multi family units and mainly curious if certain zip codes tend to have more troublesome tenants vs others. 

Hello,

New investor and new to the Cleveland market.  Looking to invest from a distance and have already found a realtor that has been great on leads, etc. 

However, I would like to network with some current investors in the market to learn more about certain neighborhoods, pm's, lenders, etc. I currently live in California and have much different weather trends, rental markets, etc. than in Cleveland and would like to learn a little more about what to expect being an investor in the Cleveland area from afar.

I thank you in advance for being willing to share any insight you can offer!

Hello,

First time buyer from the investment standpoint here, already a home owner for my place of residence.  

I am curious how others have gone about researching markets for long term rentals for single family homes or duplexes and what factors have helped steer them into certain markets?  I have seemed to hit analysis to paralysis and am looking/ hoping to gain some insight on how other have overcome it and made the jump?

Also, how have others found reputable and helpful realtors other than the BP website?  What about property managers for long distance investing?  My home market is too high priced for me to buy an investment in.  

Thanks!

CJ

If I use a HELOC on my primary residence (in California) to purchase a turn key long term rental out of state (example Charleston ,SC), and I put the min %25 down, how would I be able to refinance to pull the money out and then pay back the HELOC to avoid paying too much in variable interest while still retaining the necessary equity in the home? I feel like I am missing something on this strategy and would appreciate a seasoned vet to walk me through it.

Thanks in advance!

Using the BRRRR strategy, I am in process of purchasing my first rental property, a duplex with a heloc on my primary residence. I plan to quickly rehab at least one of the units then move to the next. When I go to refinance the duplex, would it be wiser to pay off my heloc or use the cash to pick up another investment property?

It's obviously quite stressful with so many unknowns being my first rental property and the units are in rough shape but in very desirable community which I think could work out well for me long term.  The current rents are close to half of what market rents should be.  One tenant has already given notice and will be out in a few days and the other tenant is looking because they know their rent will go up.  

Thanks for the advice