All Forum Posts by: Jad Boudiab

I am looking to buy a single family home to rent out and to hold for a long time, perhaps a couple decades. I am still studying about being a landlord/rental properties. I am much more interested in cashflow than appreciation. I have little over 50 thousand dollars to work with but with interest rates so high, it seems the numbers work better if I could buy a small house in cash but I know there must not be too many areas in the U.S. where I can get a house for 50-55K that doesn't need much repair work. I have looked at Toledo, Ohio and Youngstown, Ohio. Any other markets that anyone suggests? Or any other strategy on what to do with 50-55K in terms of rental properties? Perhaps Condo? I have not started the process of forming a team or even an LLC yet until I am sure I want to commit to doing this.

 I don't think it's that, I think it's a co-op. Like you buy in for a piece of real estate, those are the mins. Maybe I'm wrong.

I get your underlying premise though, and I do agree. Buying cheap is just headaches.

Hey everyone, I am new to Bigger Pockets so forgive me if I am posting this in the wrong area. I am 23 years old, own an LLC with my father and brother, and live in California. We are about to close on our first investment project. We bought land on a golf course in Montana, built a house, and am in the process of selling it. The closing date is scheduled for 9/8. Don't get me wrong, it was awesome completing our first real project and we learned a lot. We are making a decent profit but we do not want to do this again. Over the time this was built, I fell in love with studying rental properties and learning all about them, it's honestly an addiction now. We have all agreed that we are going to roll all of our cash and profits into multifamily rentals, and I basically have the most influence and decision power in terms of what we buy and where. My top locations right now are Columbus, Cleveland, Tennessee (still need to do more research on Tennessee but I like it a lot so far) , and possibly Texas if I can find a deal. Lastly, assuming closing happens, which it most likely will, I will have roughly $250k for a down payment, closing, and rehab if needed. I am still very aggressively looking, studying, and learning about other markets across the country. Any advice would be greatly appreciated from those who have done this before. Thanks.

My wife and I own 3 completely renovated properties in the Cleveland area. Maple Heights and Warrensville Heights to be exact. We have owned these properties for a few years and are looking to make some changes. We are out of state investors and looking for some different "boots on the ground". Looking for recommendations and connections for property management and realtors in the area. There is property management in place currently but I think we want to explore using a different company and it is possible that we could sell them to move in a different direction. Who are you using or who do you recommend?

Hi! Does anyone have any recommendations for a DSCR loan? I'm looking to purchase my first rental in Cleveland, Ohio. The property I'm interested in is around 90-100k. Thank you so much!

Hello Everyone,

I'm looking for someone that can do long term refinancing this portfolio. Rate and term is fine, (will consider cash-out, if possible). All of these homes are located in Cleveland Ohio. 

15 properties, 17 doors total. 

I owe $880k, and believe the portfolio is worth $1,276,000. 

Looking for: 

75% - 80% LTV

90 days or less seasoning. 

If you would like to help please comment on this post or send me a direct message. 

Some of these properties are will likely only appraise for $60k - $70k. 

I bought 2 in April, 3 in May, 11 in July, and 1 in August.

Thanks in Advance!

I have been seeing that cities like Cleveland and Columbus (Ohio) are becoming increasingly more popular for investors. I'd be curious to know what is making these markets stand out to investors.

Any advice based on experience would be great. Thanks!