All Forum Posts by: Jared Lichtin

Good Afternoon,

See below flip property we have under contract and ready to assign in Portage County, Ohio, about 45 minutes southeast of Cleveland. Please be advised, to be fair to our investors equally, availability of our wholesale properties are on a 'first come, first serve' basis. Please do not contact listing agent!

Description: Custom-built home constructed in 1991 with skylights, fireplace, large deck, and open kitchen on 5 acres in Rootstown School District, which is more desirable than Ravenna. A fantastic flip opportunity for any investor or owner-occupant.

Address: 3748 Herriff Rd, Ravenna, OH 44266 (5 bed, 3 bath, 3,388 sq ft, 5 acre lot)
School District: Rootstown LSD
Showing: On Lockbox, Contact for code. Jared Lichtin (440) 840-4382

*Click Here for Pictures*

Price: $227,000
Est. Rehab: $65,000-$75,000
ARV: $380,000 - $400,000

*Click Here for CMA*

For questions and inquiries, please contact me at (440) 840-4382.

@Lindsay Wyatt Oh my gosh, I can't believe I didn't realize that... so crazy! Here shoot me an email it's in my profile... and I'd be happy to jump on the phone! 

What brought you out to California??  

@Account Closed I am an attorney and investor in Cleveland. I've formed plenty of private lending relationships with investors and I'd be happy to chat. Feel free to pm me.

@Lindsay Wyatt @Blake Alexander I flip and own some rental property and airbnbs in Cleveland. I have plenty of projects going on at any given time and I'd be happy to talk shop if you want to reach out! 

We have a property coming up in Orange, a 3/2 ranch on 2 acres. But the price is likely 240-250.

Matt, shoot me the info. [email protected]

I'm a fix and flip investor in Northeast Ohio, and I recently completed a project in Fairlawn, which is 30 minutes south of Cleveland. It's a fantastic neighborhood with great schools. Virtually nothing is available for rent there, and everyone wants to get their kids in Fairlawn schools, as Akron school district is not great.

We listed this property for a few months, but decided to rent it out because it would net us a nice return. Tenants have signed a lease for one year at $1900/ month, and tenants pay utilities.

If you are a cashflow investor, we are looking to sell a lot of our flips as turnkey rentals this year. It's just a lot easier for us, and we can get a cashflow investor way better numbers without having to pay for realtor commissions and staging. 

Tenant: Young couple with a large dog.

Rent: $1900/month, 12 month lease.

Annual Taxes: $2,400

Appliances: All come with the home.

Pictures: See Pictures & Listing

Feel free to message me with any questions!

Jared

@Dori Arazi @Kristopher Hanks you literally can't rate an entire neighborhood as C or B in Cleveland. Everyone who invests in Cleveland understands this. Just like Cleveland Heights, Shaker Heights, and westside suburbs like Kamms Corner, Lakewood, etc. Euclid has some nice areas but some streets are terrible. Just because something is in a "B neighborhood" doesn't mean its not a "D" street. Welcome to Cleveland, lol. Just a heads up that you should be very precise about comps, streets, zip codes, school districts, etc.

@Dori Arazi I'm very active in Cleveland, and I grew up there. I flip and have rental properties all over the east & west side. There are way better areas you can target than just around where amazon is putting their facilities. Cleveland is more driven by school districts, niche neighborhoods with older eclectic homes, and proximity to commercial establishments. If you're interested in discussing I can jump on the phone this week. 

I'm a fix and flip investor in Northeast Ohio, and I recently did another project in Fairlawn. It's a fantastic neighborhood with great schools. Virtually nothing is available for rent there, and everyone wants to get their kids in Fairlawn schools, as Akron school district is not great. 

I was going to sell this property, but decided to rent it out because it would net me $650/month, which is pretty much unheard of in other markets. I don't want to refinance, I would rather just sell it as a package turnkey rental and pull my money out. I'm not in the property management game, but I do have a good relationship with the tenants, and this would be an easy rental to manage. 

I don't care much about the purchase price, but I do care about pulling my money out of this project and putting it into the next one. Retail the home is in the 210-215 value, but with realtor commissions and such, I would be open to selling it to an investor for 200. I can even sell it to you for 220 and credit you $20k at closing, so you only have to put down $24,000 instead of $42,000. With a note around $1,100 an out of state investor could easily pocket over $800 per month.

Tenant: Fantastic tenant, mom/daughter and dogs. 

Rent: $1950/month, 12 month lease.

Annual Taxes: $2,400

Appliances: All come with the home, except tenant owns washer/dryer.

Pictures: See Pictures & Listing

Feel free to message me with any questions!

Jared