All Forum Posts by: Michael McCarthy

I would also be interested in both property management companies and contractors in the same area.  I have used realestatepros in the past, but with terrible results.

Thanks for your response.  Sorry, I am not offering owner financing on this property.

-Mike

And here is the PDF version of it: 

BP Rental Analysis PDF

And here is the link to the BP rental property analysis sheet for this property:

https://www.biggerpockets.com/buy_and_hold_results/94186

Here are some pictures of the property:

Price

$45,000

Location

4523 Harvard Ave.

Newburgh Heights, OH  44105

Property Details

Duplex

• Current Rent: $660 & $600/mo
• Square Footage: 900 sqft (each unit)
• Bedrooms: 2 (each unit)
• Bathrooms: 1  (each unit)
• Occupied: Yes
• Lot Size:4,800 sqft

I currently own 5 properties in the greater Cleveland area.  I own these properties outright so there are no loans.  I am interested in refinancing them under a single portfolio loan ideally or to refi them one at a time.

Please contact me if you can broker such a loan or know someone who can.

Thanks in advance!

-Mike McCarthy

I am a buy and hold investor in the greater Cleveland area, so please send me any leads in this area.

I'm not sure if I have the correct form for this post but if not, hopefully someone can point me in the right direction...

I am active investor in the Cleveland area.  I currently own 5 properties and I'm interested in finding portfolio loan options that will allow me to use some of this equity to reinvest.

Can anyone recommend a portfolio lenders that operates in Ohio?  Or even point me to a broker that does this kind of lending in Ohio?

Thanks,

-Mike McCarthy

3+2 1,327sqft SFR in better neighborhood of Cleveland, OH

• B- Neighborhood
• ARV estimates range from $57K to $71K
• Asking $45,000
• Rental estimates in this area for this size home range from 800-900/mo
• CAP rate of 21.3%
• Home has current inspection and is current on all taxes.

Home has been mostly renovated including new plumbing, hot water heater, furnace, security system, and kitchen.
Floors remain unfinished and will be carpeted upon buyers request or carpet allowance of 2k provided

Please contact Amber Hutchsion at 805-587-3431 for more information.