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All Forum Posts by: Muhammad Amawi

Muhammad Amawi has started 7 posts and replied 125 times.

Post: New to Cleveland, Seeking advice

Muhammad AmawiPosted
  • Investor
  • Cleveland
  • Posts 131
  • Votes 115

Hey CJ,

I'm a lender native to Cleveland and work with a very talented team of agents, PMC, title, insurance, etc.. and we would all be more than happy to connect to help advise/answer any questions you may have.

Looking forward to connecting!

Post: Networking In Cleveland

Muhammad AmawiPosted
  • Investor
  • Cleveland
  • Posts 131
  • Votes 115

Hey @Columbus Wilson

I'm actually hosting a networking event in Cleveland tomorrow 9/22 if you would like to stop in and meet some local professionals and investors in the area.

Let me know if you would like more details.

Post: Trying to progress in Cleveland

Muhammad AmawiPosted
  • Investor
  • Cleveland
  • Posts 131
  • Votes 115

Hey Anthony,

When you're looking to invest in a property, what are your goals? When you clearly define your goals as an investor and then set an action plan, it should be a lot easier to finally pull the trigger. At that point, all you will need to do is make sure the numbers align with your plan.

Cleveland is a great market for various reasons and is one of the hottest for investors to want to be in.

Post: Financing Options for newer investors

Muhammad AmawiPosted
  • Investor
  • Cleveland
  • Posts 131
  • Votes 115

Hey Joshua,

I'm actually able to offer 15% down if it's for a single family home investment property with minimum 620 fico. The biggest issue I could see you coming across however is passing qm due to a low loan amount causing it to be a high cost loan.

I'd be more than happy to answer any questions you have on anything.

Post: Cleveland Networking Event

Muhammad AmawiPosted
  • Investor
  • Cleveland
  • Posts 131
  • Votes 115

Hey all,

Coming up on Thursday 9/22, I will be hosting a networking event at the new restaurant Bartleby in the Ohio City area in Cleveland. Our company typically has about 40-50 local real estate professionals attending the event.

Please text me or email me to RSVP, I will leave my information below. We are working to try and get a tv set up for the Browns game as well but can't make any promises. Food will also be provided.

Looking forward to meeting everyone and connecting!

Post: Looking for some advice on a potential deal

Muhammad AmawiPosted
  • Investor
  • Cleveland
  • Posts 131
  • Votes 115

Hey Wayne,

If you were to do typical investment financing with 25% down at 120k while keeping the 3 units at $500 a month it will still cash flow pretty well for you (roughly $600 a month depending on the rate you choose to go with). Seems like a pretty good deal.

Post: Boots on the Ground - Velocity REOs, Inc.

Muhammad AmawiPosted
  • Investor
  • Cleveland
  • Posts 131
  • Votes 115
Quote from @Obinna Iwuagwu:

@Maria Dominguez Did you eventually find someone for this? I have been looking for someone to verify occupancy of a property and take exterior pictures in Cleveland, OH

 @Shane Kelly

Post: Is gross profit or net profit considered for taxes?

Muhammad AmawiPosted
  • Investor
  • Cleveland
  • Posts 131
  • Votes 115

Hey Zachary,

The net profit will be considered for taxes

Post: 10% Down Second-Home Jumbo loan

Muhammad AmawiPosted
  • Investor
  • Cleveland
  • Posts 131
  • Votes 115

Hey Ryan,

I'm able to provide a 89.99% LTV on a jumbo loan with minimum FICO of 680.

I've just sent you a PM.

Post: Tenant Screening Question

Muhammad AmawiPosted
  • Investor
  • Cleveland
  • Posts 131
  • Votes 115

Hey Michael,

@Carla Kordab may be able to offer some advise here. She's part of a great PM team here in Cleveland