All Forum Posts by: Niki White

Thank you Brian! I appreciate it! 

Hi everyone. I am looking in a new market (Cleveland area) with my husband. He went out to there to meet with several agents and get a feel for it. He met a few agents who work in separate parts of the city, and really clicked with one in the area we liked best.

Anyways, she shows him several properties. We were not necessarily intending on buying at this point, which we made clear, but she still took him around to quite a few. Then she showed him a multi family that is under contract, already under market value at the price point it is being sold for. It needs some updating, but could easily cash flow with minimal updates and be EXCELLENT with some more serious rehab. She shares with us that the current buyers are being frustratingly picky, asking for concessions after the seller had already completed the city’s POS, and she’s afraid they may end up flaking. So, the seller would be very interested in switching to new buyers, potentially us. No negotiating, keeping the price they had before.

This would be the lowest priced multi family I've seen on the MLS in this A class neighborhood. We would be buying it for 10k UNDER what it sold for in 2002. But now I'm worried about being in a dual agency situation. Could we be getting duped here?

@Thomas Corley Thank you so much!

Congratulations!! That’s a difficult leap to make, but you did it! I am in Phoenix, AZ right now looking to Ohio as well. Thanks for being a great model!

@Jake Kain I love that idea! Thank you so much for sharing. I have been conflicted about wanting to move and invest at the same time. That seems like a great strategy. I’ve gotten used to living in my own house, so house hacking sounds more difficult for me, but this sounds like an ideal way for us. Thanks!

@Remington Lyman Excellent! It is so nice to have options. I will contact you when we have it narrowed down. Thank you

@Stephen Brown Thank you Stephen! I will

@Stephen Brown Thanks for the tip! I’m currently looking at moving and investing in Ohio. I was focusing on the Cleveland area, but I will start looking in Toledo as well.

@Steven Wilson Nice! The Columbus area seems really nice too. In some ways, I regret selling, but that’s what pushed me to get into real estate more intentionally, so I’ll take it. Now I just need to find what will work in this market.

@Remington Lyman I definitely need to learn the area better. Part of me wants to buy now, but I could see that it would be really easy to buy in the wrong neighborhood. It may be better to wait until I live closer. Thanks for the tip!