All Forum Posts by: George Hoover

If you want to add to your portfolio or jump-start your landlording business, this would be a good one.  Nice off-market cash-flowing rental available.  Tenant has been in for 2 years but the lease ends April 30, 2017.

Here are additional details:

• Sale price is $65,000
• Buyer's commission to agent is $1000
• There is 1 violation from the City of Parma and that is to fix 2 squares on the concrete driveway which will be about $600
• The tenant has been in there and paying on-time for 2 years @ $920/month and tenant pays all utilities and lawn care
• Rent estimates are about $950/mo.
• MLS comps say it is worth between $70k-$75k with the way Parma has been very popular. See the attached comp report
• I do not have pictures
• If you are from out of town, I will gladly assist you in coordinating an inspection and pictures
• Please do not disturb the tenant!

Let me know if you need any additional details.

Thanks,

Hello,

I am an investor and a licensed real estate agent in Ohio. I am looking for a private money lender to work with for future rental property acquisitions (BRRRR Method). Please contact me any way that is easiest for you so we can discuss details. Thank you.

Jim,

Is this property still available?

Thanks

I am a licensed real estate agent in the Greater Cleveland area. We specialize in working with investors. We are investors ourselves. We understand the neighborhoods, the rehab costs, city regulations and the overall market. I am looking for serious investors that are continuously looking for multiple rental properties here in the Greater Cleveland area. Many areas of Greater Cleveland are undervalued and therefore yield very nice CAP rates. There are many on and off-market properties available. Please call me if you are serious - 440-821-0203. I look forward to working with you.

We have a very nice rental available that we are closing on shortly.  It needs some work but not much at all.  Nice neighborhood as well.  

Here are the numbers:

• Average Rent = $775
• CAP rate is 11.9%

Pictures link: https://goo.gl/photos/MAYdLTatiRhTa2Tm9

If you have any questions, please call me at 440-821-0203.

This is a really nice home that needs very little work.  It has a 2-car detached garage and a nice deck in the back.  Your tenants could move in now.  Here are the numbers:

Average Rent:  $950

Property Tax for 2015: $3146.82

Potential CAP Rate: 13.1%

Pictures link:  https://goo.gl/photos/FBsMJeoZW6AHBmjJ6

Call or text me at 440-821-0203 if you have any questions.

Home Buyers Ohio has this property for sale from a private seller.  This could be a great rental or a decent flip if you do it right.  Very close to Notre Dame College, John Carroll U. and Legacy Village.  Very good bones.  Nature Stone flooring in most of the basement.  I have the home inspection report and would be happy to forward it to you.

Make me an offer!!

We currently have the property described here under contract and we are willing to sell the contract.  It is decent duplex in an emerging neighborhood - the historic Franklin Ave district.  

Great CAP rate of over 23% based upon $600/month rent each. Property taxes are about $900/yr, homeowners was calculated at $1000/yr and water is about $1400/yr

1 of the 2 units is occupied with the tenant paying month-to-month.

There is a community garden and a home down the street being completely remodeled. 

Great opportunity for appreciation.  It does need work but not a complete gut if renting. 

The home inspection should take place next week, so that would be the time to get in and see it.  

Pictures link:  https://goo.gl/photos/mj3tKVQoyx3Jn7UT6

Let me know if you are interested.  Feel free to call or e-mail me.

Alex thanks.  I'll ping you tomorrow morning.

We currently have the property described here under contract and we are willing to sell the contract. This home was recently renovated. We estimate the ARV to be about $110,000. It is in fantastic condition and may only need less than $1000 worth of updates. The rent estimate is $1100-$1200/mo. This is a nice neighborhood.

Please contact me directly for more details and pictures.