All Forum Posts by: Melissa Perez
Melissa Perez has started 5 posts and replied 34 times.
Post: Investing in Cleveland Ohio
- Rental Property Investor
- Northern, NJ
- Posts 34
- Votes 41
Does anyone have any opinions on Maple Heights? I was looking at a property there to invest in
Post: Suggestions on best B or C class areas in Ohio to invest in
- Rental Property Investor
- Northern, NJ
- Posts 34
- Votes 41
Originally posted by @Dave Poeppelmeier:
If you search in most cities, there is some kind of crime tracker that gives you an idea of the makeup of neighborhoods. Also look at general property prices comparable to the rest of the area. The cheapest neighborhood in an area is the cheapest for a reason. It doesn't mean you can't make money in those areas, you just really need to know what you're doing. I can tell you about Toledo if you want to PM me but not so much on the other cities.
Hi Dave. Just sent you a message. Thanks!
Post: How to buy with no job
- Rental Property Investor
- Northern, NJ
- Posts 34
- Votes 41
@Lamont Chen @Arthur Van Riper
Hi both, I too would be interested in hearing about lenders who lend based on asset as well.
Post: Rent to Retirement - Zach
- Rental Property Investor
- Northern, NJ
- Posts 34
- Votes 41
Originally posted by @Katie Caldwell:
@Melissa Perez Hey! I did have the chance to speak with Zach and everything has been resolved. :)
That's great. Wondering why you took down your original post?
Post: Rent to Retirement - Zach
- Rental Property Investor
- Northern, NJ
- Posts 34
- Votes 41
@Katie Caldwell So sorry to hear this is happening! What are your next steps? I’m curious to see how this plays out for you and if you had to pay for the appraisal.
Post: Suggestions on best B or C class areas in Ohio to invest in
- Rental Property Investor
- Northern, NJ
- Posts 34
- Votes 41
Originally posted by @Marc Rice:
@Melissa Perez
In Columbus or Dayton?
Both :)
Post: Suggestions on best B or C class areas in Ohio to invest in
- Rental Property Investor
- Northern, NJ
- Posts 34
- Votes 41
@Brandon Sturgill Thanks you! I will look into this.
@Brianne Leichliter I am familiar with Niche.com. Thanks so much for recommending. I will be sure give Cincinnati a look and let you know if I have any questions.
Post: Suggestions on best B or C class areas in Ohio to invest in
- Rental Property Investor
- Northern, NJ
- Posts 34
- Votes 41
Originally posted by @Dave Poeppelmeier:
Goals goals goals. Yes, you need to figure out what your goals are. What price ranges are you looking for? Do you have an certain cash flow or rate of return you're looking for? Most large metro areas in Ohio will have what you're looking for: B and C class neighborhoods, but Ohio is a big state. Spend a couple hours on here looking up the big cities: Cleveland, Columbus, Cincinnati, Toledo, Akron, Canton, Dayton, etc., go to Realtor.com or something to see what the prices look like, then start to zoom in on a few different areas and your goals and ideas will start to come into focus.
Sorry I forgot to answer the rest of your questions! We are open to 1 or 2 family homes... maybe cap it higher at 175K all in. Does not have to be turnkey. We would like to ideally cashflow 300+ per month for single family ... It all depends on the deal but we are willing to do some rehab in a decent area that has the potential for growth. I just want to stay away from an area that is a war zone, super high crime. We don't know anything about the state so I figured I'd ask my BP community for help. Thanks so much for the city suggestions. I will look into these and if there are any areas that I should stay away from completely let me know :)
Post: Suggestions on best B or C class areas in Ohio to invest in
- Rental Property Investor
- Northern, NJ
- Posts 34
- Votes 41
Many thanks to all who have responded so far!
@Dave Poeppelmeier For more background, my husband and I are interested in 1 and 2 family homes with a price cap at 125k. Our goals are to expand on our portfolio of buy and hold investments for long term passive income.
@Ryan Mainwaring What areas of Columbus are worth checking out given my parameters?
@Marc Rice Can you recommend any good property managers and/or contractors? I have only found one PM that looks promising so far but I would love your input.
Post: Suggestions on best B or C class areas in Ohio to invest in
- Rental Property Investor
- Northern, NJ
- Posts 34
- Votes 41
Hi there!
I'm hoping my friends from Ohio can reply with suggestions on great up and coming areas of Ohio to invest in.
I have been looking into Germantown but if there are any other areas with decent school systems, low crime and growing populations I would love to learn more about them.
Thanks in advance for your help :)