Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
×
Try Pro Features for Free
Start your 7 day free trial. Pick markets, find deals, analyze and manage properties.
All Forum Categories
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

All Forum Posts by: Matthew Fritz

Matthew Fritz has started 33 posts and replied 64 times.

Post: Super thrilled!!! New at BP from Tempe, Arizona

Matthew FritzPosted
  • Property Manager
  • Cleveland, OH
  • Posts 74
  • Votes 19
Originally posted by @Kattina Famoso:

Hello BP community!

My name is Kattina Famoso and have no experience in REI other than buying my first home last year which is where I reside. I've always been interested in real estate and I am at a stage in my life that I can focus on it. I am here to learn and hope to meet knowledgeable/experienced people that are in the area of Single Family Rental Housing or Condo Rentals (I live nearby a big university). Any advice or suggestions are highly welcomed. Would love to hear from all the locals.

Thanks in advance :)

 Hello Kattina,

Welcome to the BP community! Make sure you check out the podcasts and webinars BP has to offer to gain more knowledge and insight about REI. Also another useful tool is the keyword tab. You can create a list of keywords and you will get alerts when other BP members are discussing those topics.

Have you ever thought about investing in Turnkey assets? It is a great way for beginner investors to gain experience and knowledge about real estate investing. If you have any interest in Turnkey or just want to connect please do not hesitate to reach out!

Best of Luck and Happy Investing! 

Post: New Part-Time Investor from Western New York

Matthew FritzPosted
  • Property Manager
  • Cleveland, OH
  • Posts 74
  • Votes 19
Originally posted by @Jason V.:

Good Morning All!

I'm a new member from Western New York. My wife and I both work full-time jobs and are starting to purchase investment/income properties on a part time basis. Right now we own a single family home that has been rented out very successfully (knock on wood) for the past 18 months, and we are currently evaluating several more properties in a neighboring town.

Our current goal is to generate enough income/cashflow in the next 4 years to replace my wife's current income by investing conservatively, buying good cashflow properties, and rehabbing homes for rental when we can buy them right (cheap.) Our current investment property was an extensive rehab, and I find that it is work I actually enjoy doing.

Without knowing the community better, I may take some flack for this, but we are adverse to debt (at least as far as most Real Estate folks are concerned.) I don't believe in borrowing every single penny available, then refinancing what I already own to borrow more. I understand why many people do so - it's just not who we are. I have no problem taking on a mortgage to buy a property (or two, or three) but the goal is to own outright as much as possible, as fast as possible. I also understand the math looks better, and sometimes much better, when you borrow more for longer, but this is an investment philosophy choice for us. Hopefully that wont' make me stand out like too much of a sore thumb.

I work full time as a mechanical engineer, and in addition to the little experience I already have being a landlord/doing rehabs, I've been reading as much as I can. 'The ABCs of Real Estate Investment' had quite a bit of good information, and I'm just starting 'What Every Real Estate Investor Needs to Know About Cash Flow... And 36 Other Key Financial Measures, Updated Edition' which the engineer in me is very much looking forward to. I've also read quite a few other general business/finance books over the years, and am always looking for more information. I plan to start listening to the BiggerPockets podcasts during my commute (about 45 minutes each way, every day. Longer now that the snow is falling again) so if anyone has recommended ones to start with, I'd appreciate the info.

All in all, I'm really looking forward to how much there is to learn here, and hearing the experiences of folks who have been doing this for a long time. 

Jason,

Welcome to the BP community! Make sure you check out the keyword tab, it looks like the little bell up in the top right next to your image. You can list all the keywords you are interested in and get alerts when other BP members are discussing those topics. A great tool when first starting out. 

Have you ever thought about investing in Turnkey assets? It is a great way for part-time investors to gain some experience and knowledge about Real Estate Investing. If you have any interest please do not hesitate to reach out to me!

I wish you the best of luck and Happy Investing!  

Post: New guy from Las Vegas, NV/Cleveland, OH

Matthew FritzPosted
  • Property Manager
  • Cleveland, OH
  • Posts 74
  • Votes 19
Originally posted by @Tony Stinziano:

Hello BP! My name is Tony Stinziano and I live in Las Vegas, NV. I'm pretty new to the investment part of real estate. I'm 30 and just finished up my degree in Accounting. Being born in Cleveland, Ohio its has always been my goal to move back. 

Being new to real estate investing I'm seeking more knowledge about the real estate business and someone to help guide me through the process. My goal is to build a successful real estate portfolio so I can leave Las Vegas and support my family in Cleveland.

Hello Tony,

Welcome to the BP community!! Make sure you check out the keyword tab, it is the icon that looks like a bell on the top right, next to your image. You can set up keywords and you will get an alert when someone in the BP community is discussing that keyword or topic. It is a very useful tool when first starting out on BP.

Also, I am from the Cleveland area and specialize in Turnkey Investing. Feel free to reach out to me or just want to ask a question. 

Happy Investing! 

Post: 100% Turnkey SFR Investment! Up-to 17% Coc! 2015 Rehab! Managed!

Matthew FritzPosted
  • Property Manager
  • Cleveland, OH
  • Posts 74
  • Votes 19

****694 HIGH STREET, BEDFORD, OHIO 44146****

Yr. 1 Projection - 17% ROI

  • Standard Assumptions
    • Annual Management
    • No Vacancy - Current Lease Term = 2 years.
    • Maintenance Exposure
    • Annual Insurance Premium
    • Annual Municipal Occupancy Permit
    • Annual Property Tax

Beautiful bungalow with 3 bedrooms and 1 full bathroom. This property has had many updates done. New hardwood floors. Living room. Kitchen with built-in cabinets. Large second floor. Full unfinished basement. Detached over-sized 1 car garage. The property offers approximately 1,050 square feet of living space and is located in the city of Bedford.

Located between two of Northeast Ohio's finest Metropark systems and Shawnee Hills Golf Course. Bedford encompasses a stable business community with a solid residential neighborhood. A wonderful mixture of old and new intertwining around a charming old-world main street downtown.

Bedford is also home to the famous Bedford Automile. Formally organized in 1956, the Bedford Automile Dealers Association was established to join the dealers in the Broadway/Rockside Road area into a common voice. Together, these franchised new car dealers have established as their mission , the promotion of new and used car vehicle sales along with contributing to local charitable organizations. This provides a positive public impact within the community.

This unique partnership is an efficient way to promote each of the dealerships individually as well as the synergy created by joining hands as a group. The Bedford Automile now stands as 26 new car/truck franchises that extends approximately from the intersection of Broadway Ave. (Route 14) and Rockside Road south 1/2 mile and east 1/2. Quite literally the largest selection of new and used vehicles anywhere in the state is found in one convenient destination.

Their mantra: "We've provided miles of smiles for over 50 years. We invite you to see for yourself the benefits of shopping the Bedford Automile".

http://www.bedfordoh.gov/

-------------------------------------------------------------------------------------

AS SEEN ON TV - FOX - CLEVELAND, OHIO

-------------------------------------------------------------------------------------

****694 HIGH STREET, BEDFORD, OHIO 44146****

-------------------------------------------------------------------------------------

Disclaimer: The performance information shown are projections. These are not actual results. These projections are based upon various assumptions and representative properties. No representation is being made that a performance record similar to the projected returns will or is likely to be achieved.

There are no implied or expressed warranties on any investment information or materials in this e-mail. There is no assurance that the value of the real estate will be sufficient to return any portion of the investors' original capital, and Smartland does not guarantee the accuracy of any projections herein.

Post: TRUE Turnkey SFR - Immediate Cash Flow! Managed & Leased!

Matthew FritzPosted
  • Property Manager
  • Cleveland, OH
  • Posts 74
  • Votes 19

****21440 Fuller Avenue, Euclid, Ohio 44123****

Yr. 1 Projection - 21% ROI

  • Standard Assumptions
    • Annual Management
    • No Vacancy - Current Lease Term = 1yr.
    • Maintenance Exposure
    • Annual Insurance Premium
    • Annual Municipal Occupancy Permit
    • Annual Property Tax

Breathtaking all brick bungalow with 3 bedrooms and 2 full bathrooms. This property has been completely renovated and offers a living room. Kitchen with built-in cabinets and eat-in area. 2 bedrooms on the first floor. Large master suit on the second floor with walk-in closet. Full partially finished basement. Detached over-sized 2 car garage with an awning off the side, perfect for a picnic-table. Fenced in back yard. This property offers approximately 1,170 square feet of living space and is located in the city of Euclid.

Euclid has many family-friendly amenities such as 254 total acres of playgrounds/recreation, including 18 playgrounds, 31 tennis courts (10 lighted), 9 basketball courts, 19 ball diamonds (6 lighted), and 7 soccer fields.

Memorial Park features 55 acres of lighted sports area (sand volleyball, baseball, soccer, tennis courts), with a picnic area, playground, pool, and enclosed ice arena. 5 community swimming pools and an 18 hole regulation course on 126 acres; 6,274 yards, par 70; 39 sand traps, 6 lakes, 2 practice greens, 1 lighted driving range; gas carts; Pro Shop, snack bar and pavilion; full service lounge.

http://www.cityofeuclid.com.

Not to far away from the highly acclaimed (and our areas largest employers) Cleveland Clinic, University Hospitals and Case Western Reserve.

-------------------------------------------------------------------------------------

AS SEEN ON TV - FOX - CLEVELAND, OHIO

-------------------------------------------------------------------------------------

****21440 Fuller Avenue, Euclid, Ohio 44123****

-------------------------------------------------------------------------------------

Disclaimer: The performance information shown are projections. These are not actual results. These projections are based upon various assumptions and representative properties. No representation is being made that a performance record similar to the projected returns will or is likely to be achieved.

There are no implied or expressed warranties on any investment information or materials in this e-mail. There is no assurance that the value of the real estate will be sufficient to return any portion of the investors' original capital, and Smartland does not guarantee the accuracy of any projections herein.

Post: New member from New York

Matthew FritzPosted
  • Property Manager
  • Cleveland, OH
  • Posts 74
  • Votes 19
Originally posted by @Joshua Dreyer:

Hello Bigger Pockets Family,

My name is Josh Dreyer and I'm new into real estate. I'm very interested in the field and I'm very excited to learn many things about real estate with BP. I actually just started real estate school to get my license. Somebody that's really new to the industry as me, I believe getting my license, I can learn and obtain lots of knowledge that could be really beneficial when I start investing in real estate properties in the future.  

My goals right now is to obtain as much knowledge and start gaining experience. I know with hard work I can slowly move myself to the investing side of real estate and start building my portfolio!

Anyways, I hope to meet many of you! Happy and healthy new year to you all! Wishing you all nothing but green lights in 2016,

Josh Dreyer 

 Josh,

Welcome to the BP community!!! There are a lot of useful tools that BP offers. One of which I found to be the most useful when first starting our is the Keyword Tab. You can set up keyword alerts for topics that you are interested in and you will get alerts for when other BP users are discussing those topics. 

I wish you the best of luck and happy investing,

Matt 

Post: Turnkey*Turnkey*Turnkey - 21% CoC - Full Managed - Great Value!

Matthew FritzPosted
  • Property Manager
  • Cleveland, OH
  • Posts 74
  • Votes 19

****1276 AVONDALE ROAD, SOUTH EUCLID, OHIO 44121****

Yr. 1 Projection - 21% ROI

  • Standard Assumptions
    • Annual Management
    • Maintenance Exposure
    • Annual Insurance Premium
    • Annual Municipal Occupancy Permit
    • Annual Property Tax

This lovely Cape Cod has been entirely renovated. The property features 3 bedrooms and 1 full bathroom. Living room with fireplace and hardwood floor. Kitchen with hardwood floor, double sink, appliances, wood cabinets and built-in hitch. Formal dining room with beautiful built-in china cabinets located off kitchen. The master bedroom is on the first floor with a ceiling fan and closet . The other two bedrooms are on the second floor with closets. Full unfinished basement. 2 car detached garage. The property is approximately 1,100 square feet of living space and is located in the city South Euclid.

With a cool, hip, urban feel, this suburban home is located in South Euclid, just minutes away from University Square. University Square is anchored by Macy's and Target. Cedar Center is South Euclid's newest gem with several restaurants and shops ~ Whole Foods, Five Guys Burgers & Fries, Piada Italian Street Floor and Starbucks, just to name a few.

Close to Bexley Park, one of South Euclid’s three community swimming pools, splash park, Playground of Possibilities and dog park, making this a vibrant, safe community of neighbors and neighborhoods. Born from the quarries that built Greater Cleveland's first sidewalks and streets, South Euclid today is home to Notre Dame College, University Suburban Health Center, Cedars On The Green Pediatric Health Center, Transdigm Corporation, AeroControlex Group and The Rochling Glastic Corporation. Short drive to Cleveland Clinic, University Hospitals and Case Western Reserve University.

A "College Town for all Ages," our historic community offers a wide range of housing to fit the needs of families, students, professionals, and empty nesters with a diverse variety of housing ranging from century farmhouses and cozy bungalows to new homes for families and empty-nesters. Our central location in Greater Cleveland means that we are minutes from Cleveland’s finest shopping and cultural districts, and quick access to freeways will take you to downtown Cleveland or out to the countryside, all within 20 minutes. With a highly rated South Euclid/Lyndhurst School System makes this neighborhood a sought-after housing market.

http://www.cityofsoutheuclid.com/

-------------------------------------------------------------------------------------

AS SEEN ON TV - FOX - CLEVELAND, OHIO

-------------------------------------------------------------------------------------

****1276 AVONDALE ROAD, SOUTH EUCLID, OHIO 44121****

-------------------------------------------------------------------------------------

Disclaimer: The performance information shown are projections. These are not actual results. These projections are based upon various assumptions and representative properties. No representation is being made that a performance record similar to the projected returns will or is likely to be achieved.

There are no implied or expressed warranties on any investment information or materials in this e-mail. There is no assurance that the value of the real estate will be sufficient to return any portion of the investors' original capital, and Smartland does not guarantee the accuracy of any projections herein.

Post: Property Manager & Investor - Miami

Matthew FritzPosted
  • Property Manager
  • Cleveland, OH
  • Posts 74
  • Votes 19
Originally posted by @Jose R.:

Hello everyone. I'm new to the BP website but have been a fan of the podcast for the past several months.

I first began my journey into real estate investing in 2010.

Since then, I have founded a property management firm and more recently I have been getting into wholesaling and real estate syndication.

I'm looking forward to expanding on my real estate knowledge and exchanging information with this community.

Welcome to BP!! If you didn't know this already, check out the keyword tab where you can set up alerts for when members start discussing topics you are interested.  I found this to be one of the must useful tools for when getting started on BP! 

All the best!

Post: L@@K - HOT*HOT*HOT True Turnkey SFR - 18% CoC - Rented & Managed

Matthew FritzPosted
  • Property Manager
  • Cleveland, OH
  • Posts 74
  • Votes 19

****556 HELPER DRIVE, BEDFORD, OHIO 44146****

Yr. 1 Projection - 18% ROI

  • Standard Assumptions
    • Annual Management
    • No Vacancy - Current Lease Term = 1yr.
    • Maintenance Exposure
    • Annual Insurance Premium
    • Annual Municipal Occupancy Permit
    • Annual Property Tax

This adorable single family Cape Cod offers 3 bedrooms and 2 full bathrooms. Hardwood floors. Living room with fireplace. Kitchen with built-in cabinets. Formal dining room. Two good sized bedrooms with closets on the first floor. Gorgeous master bedroom on the second floor with amazing wood work. Partially finished full basement with recreation, fireplace, and the second full bathroom. One car detached garage. Shed for storage in the back yard. Deck on the back. This property offers approximately 1,227 square feet of living space and is located in the city of Bedford, close to schools and shopping.

Located between two of Northeast Ohio's finest Metroparks systems and Shawnee Hills Golf Course. Bedford encompasses a stable business community with a solid residential neighborhood. A wonderful mixture of old and new intertwining around a charming old-world main street downtown.

Bedford is also home to the famous Bedford Automile. Formally organized in 1956, the Bedford Automile Dealers Association was established to join the dealers in the Broadway/Rockside Road area into a common voice. Together, these franchised new car dealers have established as their mission, the promotion of new and used car vehicle sales along with contributing to local charitable organizations. This provides a positive public impact within a community.

This unique partnership is an efficient way to promote each of the dealerships individually as well as the synergy created by joining hands as a group. The Bedford Automile now stands as 26 new car/truck franchises that extends approximately from the intersection of Broadway Ave. (Route 14) and Rockside Road south 1/2 mile and east 1/2. Quite literally the largest selection of new and used vehicles anywhere in the state is found in one convenient destination

Their mantra "We've provided miles of smiles for over 50 years. We invite you to see for yourself the benefits of shopping the Bedford Automile".

-------------------------------------------------------------------------------------

AS SEEN ON TV - FOX - CLEVELAND, OHIO

-------------------------------------------------------------------------------------

****556 HELPER DRIVE, BEDFORD, OHIO 44146****

-------------------------------------------------------------------------------------

Disclaimer: The performance information shown are projections. These are not actual results. These projections are based upon various assumptions and representative properties. No representation is being made that a performance record similar to the projected returns will or is likely to be achieved.

There are no implied or expressed warranties on any investment information or materials in this e-mail. There is no assurance that the value of the real estate will be sufficient to return any portion of the investors' original capital, and Smartland does not guarantee the accuracy of any projections herein.

Post: *Investor Wanted* 100%Turnkey SFR - 2015 REHAB - 18%Coc - Managed

Matthew FritzPosted
  • Property Manager
  • Cleveland, OH
  • Posts 74
  • Votes 19

****110 GREENCROFT ROAD, BEDFORD, OHIO 44146****

Yr. 1 Projection - 18% ROI

  • Standard Assumptions
    • Annual Management
    • No Vacancy - Current Lease Term = 1yr.
    • Maintenance Exposure
    • Annual Insurance Premium
    • Annual Municipal Occupancy Permit
    • Annual Property Tax

****110 GREENCROFT ROAD, BEDFORD, OHIO 44146****

This marvelous ranch with a basement, offers approximately 960 square feet of living space with 3 bedrooms and 2 full bathrooms. Kitchen with lots of storage, built-in cabinets, and eat-in area. Living room with large bay window offering plenty of natural light. Unfinished walk-out basement with a full bathroom. This marvelous ranch is located in the beautiful city of Bedford.

Located between two of Northeast Ohio's finest Metropark systems and Shawnee Hills Golf Course. Bedford encompasses a stable business community with a solid residential neighborhood. A wonderful mixture of old and new intertwining around a charming old-world main street downtown.

Bedford is also home to the famous Bedford Automile. Formally organized in 1956, the Bedford Automile Dealers Association was established to join the dealers in the Broadway/Rockside Road area into a common voice. Together, these franchised new car dealers have established as their mission , the promotion of new and used car vehicle sales along with contributing to local charitable organizations. This provides a positive public impact within the community.

This unique partnership is an efficient way to promote each of the dealerships individually as well as the synergy created by joining hands as a group. The Bedford Automile now stands as 26 new car/truck franchises that extends approximately from the intersection of Broadway Ave. (Route 14) and Rockside Road south 1/2 mile and east 1/2. Quite literally the largest selection of new and used vehicles anywhere in the state is found in one convenient destination.

Their mantra: "We've provided miles of smiles for over 50 years. We invite you to see for yourself the benefits of shopping the Bedford Automile".

http://www.bedfordoh.gov/

-------------------------------------------------------------------------------------

AS SEEN ON TV - FOX - CLEVELAND, OHIO

-------------------------------------------------------------------------------------

****110 GREENCROFT ROAD, BEDFORD, OHIO 44146****

-------------------------------------------------------------------------------------

Disclaimer: The performance information shown are projections. These are not actual results. These projections are based upon various assumptions and representative properties. No representation is being made that a performance record similar to the projected returns will or is likely to be achieved.

There are no implied or expressed warranties on any investment information or materials in this e-mail. There is no assurance that the value of the real estate will be sufficient to return any portion of the investors' original capital, and Smartland does not guarantee the accuracy of any projections herein.