All Forum Posts by: Gus Kazek
Gus Kazek has started 11 posts and replied 87 times.
Post: Does Cleveland/cuyahoga county water dept provide shutoff lists?
- Real Estate Agent
- Cleveland, OH
- Posts 90
- Votes 55
Daniel, have you had any success in figuring out how these lists?
Post: Residential Structural Engineers in Cleveland OH
- Real Estate Agent
- Cleveland, OH
- Posts 90
- Votes 55
Does anyone know any local State Registered Structural Engineers in Cleveland Ohio that specialize in residential? I have a triplex where the third floor needs an assement of loading capacity so I can legally convert the third floor into a dwelling unit.
Post: Trouble financing a triplex
- Real Estate Agent
- Cleveland, OH
- Posts 90
- Votes 55
@Benjamin Piecenski
The reason they denied me is that they said I have "insufficent credit history " even though I've had a credit card since I was 18 (now I'm 24) and I have a 100% payment history. Ive heard that freddie mac has an automated underwriting system in which that process the loan and not someone else.
Post: Trouble financing a triplex
- Real Estate Agent
- Cleveland, OH
- Posts 90
- Votes 55
Could use some help on this one.
Got an offer accepted on a triplex for 148k, looking to use the home possible mortgage from Freddie Mac to finance with 5% conventional loan. GOT DENIED.
Idk how I got denied, I have a 720 credit score, 25k student debt which I havent missed a payment for and my Debt to income ratio os 20%.
Would anyone suggest using hardmoney then trying to refinance into a convention loan later? I have about 20k to work with here.
Post: Need help on Finding a Purchase Agreement
- Real Estate Agent
- Cleveland, OH
- Posts 90
- Votes 55
@Riggies B tang
Contact a local real estate agent, they will have a psa with seller financing terms available for you!
Post: Yellow Letter address list
- Real Estate Agent
- Cleveland, OH
- Posts 90
- Votes 55
Listsource.com is a great website to find addresses based on any criteria you are looking for. I prefer to target absentee owners and love the polygon tool in geography to map out a specific location of where I want to send letters too. You will have to register an account and have to buy the lists in order to use them.
Post: Hello from Lakewood, OH
- Real Estate Agent
- Cleveland, OH
- Posts 90
- Votes 55
@Jarid Apfel
That's great man keep it up and would love to connect offline sometime!
Post: How to deal with Over Priced Listings?
- Real Estate Agent
- Cleveland, OH
- Posts 90
- Votes 55
@Garry F.
Keep on submitting offers! Getting rejected once and then not pursuing may not get you a deal, but if you are persistent enough and keep on trying you can accomplish anything!
Post: Received a call today NEED HELP ASAP. Buy home, rehab, sell back?
- Real Estate Agent
- Cleveland, OH
- Posts 90
- Votes 55
Very Intresting situation, I like the lease to own option after you obtain title. Fix it up and sell back to her for sure!
Post: Should I start small or go big?
- Real Estate Agent
- Cleveland, OH
- Posts 90
- Votes 55
Originally posted by @Terrick Osborne:
I'm a new investor liking to buy my first rental property. I've got a pretty healthy sum of money to start with, but I'm really scared of making a wrong mistake. I would like to start with just one duplex, but I've been presented with this opportunity to buy a small apartment complex here in South Florida. I really would like to buy the apartment complex, but I'm really scared to start out with my first property being an apartment. Which way should I go?
I would suggest going the small apartment complex route, more units give you better cash flow and the ability to scale at a much faster rate. You also don't have to depend on 2 doors for income. Look to go in on the deal with someone that has experience and can help you learn to manage at a much faster rate than you would on your own.