All Forum Posts by: Isaac Rowe
Isaac Rowe has started 28 posts and replied 193 times.
Post: Just got offered a full time position after graduation!
- Rental Property Investor
- Cleveland, OH
- Posts 209
- Votes 83
@Account Closed
Congrats! That is great news. Feel free to reach out if you have any questions about the area.
Post: Ohio Investors
- Rental Property Investor
- Cleveland, OH
- Posts 209
- Votes 83
Welcome to BP! The best resource online for RE investing. I am happy to share connections in the Cleveland area if your looking for information about the area.
Post: New member from Cleveland, OH
- Rental Property Investor
- Cleveland, OH
- Posts 209
- Votes 83
Post: Cleveland Suburb SFR analysis
- Rental Property Investor
- Cleveland, OH
- Posts 209
- Votes 83
Good! That is key, I have seen to many people pay more for properties then they should/need to.
What I meant by neutral is from a 3rd party who doesn't stand to make a bunch of money selling you their home. As long as you have conservative comps from a source you trust!
Post: Cleveland Suburb SFR analysis
- Rental Property Investor
- Cleveland, OH
- Posts 209
- Votes 83
These are the types of deals that are safer, but don't cashflow as well. There are definitely deals out there that would cashflow better that you could get for 10-20k less in similar areas, but if everything is updated nicely on the home, you may compensate for that with lower maintenance costs long term.
In the long run singles/doubles end up being pretty similar when you take into account increased vacancy rates, water costs, Snow and lawn care on the multi's. Not to mention relsale values.
The most important thing for you on this deal is to make sure you have gotten neutral comps and are confident that if in a year or two you want to sell it, your able to without taking a loss.
Post: Looking to network w real estate agents in Cleveland
- Rental Property Investor
- Cleveland, OH
- Posts 209
- Votes 83
Hey Mike! Always looking to network! Feel free to PM me.
Post: Carlos Bezares
- Rental Property Investor
- Cleveland, OH
- Posts 209
- Votes 83
Hey Carlos! You came to the right place to learn. Welcome to BP.
Post: Beginner Investor from Northeast (Cleveland) Ohio
- Rental Property Investor
- Cleveland, OH
- Posts 209
- Votes 83
Welcome to BP!
Lots of buy and hold opportunities! Flips are a little harder to come by in this market.
Good luck as you learn. Lots of great resources here on BP!
Post: New Member From Cleveland Ohio
- Rental Property Investor
- Cleveland, OH
- Posts 209
- Votes 83
@Rick Kansa
Welcome to BP! Great resource!
Post: First-Timer in Cleveland
- Rental Property Investor
- Cleveland, OH
- Posts 209
- Votes 83
Keep in mind about Maple Heights that the city is incredibly inefficient with their inspections. It can cause major delays on the buying side, as well as trying to find tenants.
Had a deal this summer where POS was satisfied, and they came in and did a rental inspection 2 months later, and found 5k in additional work that the POS inspector didn't find...all this happened while a tenant wanted to be in the property, but the city took 4 weeks to get to the inspection done, so the tenant found something else...
Not trying to say you can't find good values there you can, just make sure your PM is on the ball with the city, and getting things done in advance.