All Forum Posts by: Maya De Filippo

Hi All. In the same situation as @Bob King and slowly getting a grip on the Cleveland market and take the opportunity to thank you to all of the investors/real estate agents who kindly share their knowledge on BP. 

I have a quick question re: water/sewage. I understand that in Cleveland the owner pays for it. However I wanted to get clarifications on 2 points. 

1- The bill is under the owner's name however don't landlords pass the bill on to avoid over consumption from uncaring tenants? Can't we state in the rental contract that any unpaid bills will be retained from the deposit. I have had situation (abroad) where the bill stays under the owner for ease of management but i am responsible to pay for it and if I don't it is taken out of the deposit.

2- What is the average monthly bill for a SF?

Thanks a lot for the clarification.

Have a good day!

Hello @Darius. Welcome and congrats on your first deal. I am a "to be" investor and we have decided on Cleveland. We live abroad (And my husband and I) are British and French. We found that understanding the neighbourhood - down to the street - is really the most difficult part and we are not sure we can really trust the selling agent. We have read James Wise's guide but when you don't know the city it is difficult to get a feel for it. So would love to pick your brain when we are analysing a property and get your opinion. Good luck on your deals!!!

Many Thanks Scott for this message. It is much informative and helps me start thinking about our setup. If that's alright with you  will message you to discuss further how you could help us.

Hello everyone. I am looking for some legal advise to determine my business structure in the US. I am French, l live abroad and would like to start investing in the US (MI). I have been looking at different structures such as MI LLC owned 100% by a Delaware Holding, or just an LLC electing C Corp tax so we don't get taxed in our country of resident (Morocco). I seem to get conflicting information due to the complexity of my situation. Can someone advise? Thanks.