All Forum Posts by: Michael Kiley

@Jocelyn Doumani

What kind of drugs is he selling? If he's short on rent, you could always barter. 

@Jay Durant

Cleveland is good but 50k might get you a nice fixer upper in a C neighborhood. 

@Tien James DM me. I've been investing in Cleveland for 30 years. I'm currently working on a BRRRR and I'd be glad to share what I know about our neighborhoods, my favorite agent and who does good work. I don't offer RE services anymore but I'll share with you what I've learned over the years.

@Chelsea Jeffers

Definitely NOT getting out of the Cleveland market! Still one of the best places to invest for cash flow. My rents are coming in as expected... I mostly rehab homes doing BRRRR and cash on cash returns of 20-30% are not uncommon but 10-15% can be expected for turnkey. DM me and I'll tell you where I invest and share my agent contact info.

@Austin Irabor

I don't know how busy he is but @Michael Dubiel does great work and is affordable. DM me and I'll get you his number. His company name is Northshore Build. 

@Sameh Heshmat

Hi Sam! DM me any questions you have about Cleveland or BRRRR. I've been investing in Cleveland for 30 years now and I'm passionate about helping others who share my vision of beautifying my hometown. It's a great place to live and invest with much incentive for investors! Also, @Dylan Kiley is my agent. He found me a sweet BRRRR deal in the Old Brooklyn neighborhood

@Aaron Macken @Beata Domagala

BRRRR is hands down the best way to get the highest returns and potentially use little to none of your own money. Many times after my clients refinance a BRRRR, they put money in their pocket and have an infinite return!

That said, you need to be realistic. BRRRR will require more of your time. It will require a greater skill set. You will need to manage a project and have a general understanding of the work entailed.

Buying turnkey requires practically no talent but if you're killing it at your day job, who cares? Bottom line, if you want to accelerate your real estate portfolio and are willing to learn by doing, BRRRR can be very rewarding. Check out my BRRRR profile pics and DM me if you have any further questions

@Kyle James Horstmann

There are many jobs that could help you in your RE investing goals. A job in construction will help you if you want to be hands on and understand the tangible part of your investment. Any job managing people will teach you skills to manage your tenants and contractors. But my favorite is working as a real estate agent. It gives you an opportunity to work directly in the real estate field gaining knowledge in the areas you will invest and help you build relationships that will ultimately help you become a better real estate investor. Best of luck!

@Drew Bursey

Roof, siding and windows will dramatically improve the curb appeal and should increase the ARV, but unfortunately, those things are also big ticket improvements. If your tenants are paying rent, you might consider waiting until they vacate to do the renovation of their unit. But if your endgame is to increase the ARV and flip the property, you might try raising the rent. They will either pay it or vacate and give you a chance to do the renovations. Either way, Increasing the ROI or renovating the units will raise the ARV. Consider using sold duplexes or quads to help you determine the market value if you can't find any triplexes. Best of luck!

I always factor my time, labor and materials into every BRRRR I do in the Cleveland area and typically all in at 75% or less ARV . I've been buying RE for almost 30 years now so it's not crazy difficult if you know what you're looking for. Check out the BRRRR photos on my profile or hit me up if your ever in Cleveland.