All Forum Posts by: Joshua Janus

missing Chimney flue liner and missing rain cap; significnt shingle granule loss, missing drip edge flashing, vent pipe flashing missing, cabinet handle missing, siding pieces missing, gutter down spot missing, Old wood/aluminum windows, prior water penetration observed (Efflorescense),

I am starting the BRRRR process after relocating from Australia. Looking for network intros in Cleveland

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For a commercial transaction.  Thanks in advance.  

Howdy All,

Closed on my first deal in Cleveland in December, which is my first foray into the market. Property is a clean, renovated duplex in 44111, West Cleveland. After the holidays and some minor repairs, both units have been on the market since February. For the first two months there were only a handful of showing, which the PM said was due to normal winter slowness - I assumed it was pricing due to comps.

After 60 days on market with no applications, I pressured the PM to lower the price of the units to list competitive to nearby comps. After reducing each unit nearly $200/mo and a move-in special, there has been more interest but after 30 days still no applications.

Seeking recommendations on what to do next. Looking at pricing I don’t think that is the barrier any more so I feel it’s perhaps the marketing. I’m considering terminating my PM contract at the end of May assuming we still don’t get any applications, although I’m not sure what another PM would do different.

Curious if any other investors in West Cleveland have had difficulty filling units?

Josh, this is an understatement. They started by looking for peeling paint on siding, wood trims, porches... With the recent updates (Lead Visual Assessment Form as required by OH. Adm. Code Chapt. 3701-32-07(G)(3), Cleveland has transformed this lead inspection into a pseudo general property inspection. Now they're also checking to see if you have handrails in stairways, water stains on the wall, the state of landscaping around the property and whether all the shingles are attached to the roof, the condition of the gutters. It's beyond lead-based paint. Because, clearly, tuckpointing your chimney is a major lead hazard, right?

Hello, so first time posting, always reading and listening. Here is my current layout.

I own 4 rental properties, all cash flowing great. Have not had any vacancies in the last 5 years, steady rent increases, all going too well haha.

We bought a house in Strongsville in 2023 and on track to have it sold in May 2025. Bought for 250K, contracted to sell for 429K. This house will pay off ALL of our debt. No more car loans, credit card debt, all of it except for the new mortgage on a house we bought in Fairview Park (to which we also got a great deal, needs flipped)

Some of my rentals I bought back in 2019, 2020, 2021, I am trying to figure out at what point is it worth it to cash out refi to buy more? I enjoy the cashflow from all of the rentals and the interest rates are low (3.5, 4, 4.5%) but trying to consider pulling equity out to buy another rental. With the sale of the house, we should have 25K leftover after everything has been paid. Not nearly enough to buy another rental with needing to show cash reserves for the rental properties. 

Just want to know what would be a good direction to keep scaling as I plan on hitting 10 properties by the time I am 30 ( I am 27 now) so I want to make this ambitious goal a reality.

Any information, stories on how you did it, any feedback would be greatly appreciated.

Thank you!

Hi! First time investor here looking at finding my first property. I found a few homes that looked promising at first, but they said they require a POS inspection/certification. I'm in California and looking in Ohio, and this is something I am not familiar with.  Anyone have experience with this? I'm looking to learn all I can, and appreciate any wisdom you would like to share. 

Joe,

thank you for your thoughts.

I do agree that why would a stranger partner with me. But, isnt this why these communities are there so you can partner with individuals who have the same thought process.

thanks

Ally