All Forum Posts by: Tim Debronsky

@John T.  I actually live on the west side of Lorain.  Just like any other larger suburb there are good neighborhoods and bad neighborhoods.  It all depends where you the property is.  I currently own two rentals in Lorain.  One rents for $1000 because it is in Amherst schools.  The other is on the East side of Lorain and rents for $750 month.  It also depends on how much you want to invest.  What are you looking for?  PM me for more info on Lorain, Elyria, Lakewood and any other areas you are interested in.  I"m a local investor and agent.  

@Heidi Feringa  My partner and I own quite a few rentals in Akron.  We would be happy to share some tips with you about the area.  We also have a few we could sell.  

@Ayodeji Kuponiyi  I have a two very good title companies and a real estate attorney. PM me.

@Ayodeji Kuponiyi Call Andy Morris at Realty Trust Services for all of your property management needs.  

Happy Investing!

@Lucas Gibson  @Steven Leigh  Steven is spot on.  You definitely need an investor friendly title company that is familiar with assigning a contract to another buyer.  They will help you through the process and make sure nothing is missed.  Let me know if you need a good title company to work with here in Cleveland.

Hi Jerad,

Your can hit your numbers in Cleveland, but not in the suburbs.  I can help you find both on and off market deals that will meet your criteria and work for your strategy.   

Hi Tyler,

Try LendingHome.com.  They work well with investors and interest rates are reasonable around 12% for a 12 month loan.

@Ryan Conklin  I definitely agree with Tim and Isaac on buying cheap properties in the inner city if you are out of state.  Shoot for B & C neighborhoods.  You will pay a little more, but the stress relief will be well worth it.  

@Kevin Thomas  You are headed in the right direction, taking massive action.  Focus on finding and negotiating good deals and the money will come.  I'm in Amherst so if you get anything in Lorain or Elyria shoot it over to me and I may buy it.  Let me know if you have any questions about this market I can help you with.  

@Sri Kand  Hi Sri Kand welcome!  Cleveland is a great buy & hold market.  If possible, I would always recommend seeing a house in person rather than just pictures & videos.  Tenant screening is key to help reduce turnover & future repairs.  We like to sell properties as a "Rent-To-Own" which also reduces the amount of turnover and repairs as well as limit the amount of management headaches on a property.  Some of the suburbs on the West side of Cleveland we like are Lakewood, Old Brooklyn, Brooklyn, Parma, and Elyria.  Let me know if I can help in anyway.  Good luck on your investing journey!