All Forum Posts by: Keyano Burgess

Hi Matthew,

I am a realtor here in the Cleveland market and help a lot of my clients with the BRRR model. From getting you connected to contractors, coordinating inspections, and helping you find the right property management company I'm your one stop shop. Please send me a DM if you would like to get on a all and talk more.

Hi Akshay,

As a real estate agent and investor here in the Cleveland market I can confidently say that there are plenty of BRRR opportunities in Cleveland. You are correct to assume Cleveland by and large is a cash flow market, but like any cities this is going to vary from neighborhood to neighborhood. We have very strong appreciation areas in the Cleveland market such as Lakewood which appreciates 7% a year on average. And yes the Cleveland Clinic has a strong presence here and presents many opportunities for employment and thus rentals. Send me a DM if you would like to hear more, I am more than happy to get on a call with you and answer any questions you might have.

Hi Robert,

I like to utilize the 70% rule when calculating how much to spend on a project. For example, lets say our property has an ARV of $100,000. Multiply 70% (.07) by $100,000 and you are left with $70,000. That means you can spend up to $70,000 on the purchase price and renovations and it would still be considered a good deal, according to the 70% rule.

I always like to stay under around 60-65% rule, as some unforeseen expense always seems to pop up once you start tearing down walls. I make these calculations upfront and make sure my general contractor can stay within my budget before going into a deal. 

I hope this helps and please feel free to send me a DM if you have any questions. As a licensed realtor and investor here in the Cleveland market, I have plenty of experience working these deals and always eager to help others on their real estate journey.

Hi Bobby,

I would be happy to share my contacts with you. I have a few for you to choose from including one I have done over 10 deals with, one that is a direct wholesale supplier, and another that works for a property management company. Feel free to shoot me a DM if you would like to connect.

Thank you,

Keyano

Hi Deena,

Yes, you can use a bridge loan to cover both the purchase cost and renovations. I work with many investors here in the Cleveland market who regularly use bridge loans upfront, then cash out on a DSCR loan.

Feel free to shoot me a DM if you would like to connect, I am always eager to help newer investors build their portfolio.

Hi Anna,

I am a realtor here in Cleveland, OH, born and raised and would love to help you. I've got a team of contractors, property managers, attorneys, etc. anything you would need behind my back. I'll send you a DM and looking forward to potentially working with you!

Braeden Friss with State Farm Insurance is my go-to guy: (440) 328-7626

Hi Justina,

I have a team of contractors I can recommend. I will send a dm.

Thank you,

Keyano

Hi Ryan,

There are many markets where you can succeed including Memphis and Detroit. That being said, you are only as good as your boots on the ground is in any given location. I am located in Cleveland and have a great team of property managers, contractors, attorneys, and lenders. I specialize working with investors and would love to have a conversation and see if I can help. I will send you a dm.

Thank you,

Keyano

Hi Alex,

I am a realtor here in Cleveland who specializes in investment properties. I would love to connect and get you hooked up with off-market deals, contractors and property managers. I'll send you a dm.