All Forum Posts by: Cody Harris

Hey Everyone,

Just trying to see if anyone has successfully wholesaled in these counties? Is that something that is feasible? Interested in  wholesaling, flipping or both.

Thanks!

Hey All!

I'm an aspiring out of state investor who sees Ohio as a potential great market for rentals. 

With that would anyone have recommendations for property management in the Trumbull county area?

Thank you,

Cody Harris

@Mike Hanneman Thanks Mike! I'll definitely be asking that question.

Thank you to everyone!  At this point I'm purely just looking at the place, and will try to possibly negotiate with the seller if it looks like a feasible deal. If it worked out, then I would have to make the appropriate business decision as discussed by a lot of you.

The one side renovation would seem like the best bet in this situation. I would not be living in one of the units.

@Account Closed @Kim Meredith Hampton @Sean Cassidy

Just curious, I'm walking through a Duplex this Saturday and tenants currently occupy the property. This would be a "BRRR" deal that would require some work to be done in order to eventually refinance down the road. My question is, If I ended up purchasing the property what would be the right thing to do with the tenants? Has anyone come across this? I would hate to just throw a family out on the street while the repairs are being done.

Any ideas or experience?

Welcome! I'm here in Gardens as well. Essentially the 1% rule is a way to quickly funnel and help analyze deals. Simply put, the 1% rule says if you can produce 1% of the purchase price of the home in rent then it is likely to cash flow* 

*This is a tool and not meant to be definitive. You should always run a through analysis of a property.*

However, it can be helpful to weed out a lot of terrible deals right off the bat.

As an example,

Say you purchase a duplex here in PBG for $200,000 you would need to be able to get $2,000 a month in rent to meet the 1% rule. 

Hope that helps! Maybe we could chat further sometime.

Thank you @Account Closed will do! 

Anyone one know of a reputable wholesaler in these counties? Looking for a BRRRR type rental in these areas.

Let me know!

Thanks! Hoping to make this one.

Looks great! Well done.