All Forum Posts by: Patrick Drury

@Ivan Semin
I have still been doing BRRRR deals in Columbus, Ohio, this year. If you are looking at a state, I think thats a bit to broad. Focus in on a market in that state and see if it's a good fit and hone in on it. Trying to learn too many markets at once, while building multiple teams, will just leave you burned out and going in multiple directions.

@John Russo
What market are you based in and looking? If you are just relying on Zillow try and network with agents to get more deal flow of off-market opportunities. If that still doesn't yield any results, then I would look at investing out of state

@William Miller   
I would narrow down your search to one market and then focus on building a team in that market vs trying to look in 5 different markets across multiple states while trying to build multiple teams. 

@Todd Sadowski
The Midwest is a great place to start your search if you are looking for cash-flowing properties. Depending on the price range, I would look at Cleveland, Ohio. It has a low barrier of entry, solid cash flow, and ohio is quite landlord friendly 

@Ryan R.
I have 29 units in Columbus. I prefer areas like Hilltop, Linden, Eastmoor, Whitehall, and Franklinton. I think these have the best value and they are where you can find deals that meet the 1% rule

@Tyler Sheveas
Try and find an agent on BP that works in Akron and finds off-market deals

@Terri P.
Is that the only quote you got? I would get some more quotes. The post above doesn't say how many BTU's the unit is, but that seems very expensive to me. 

@Natalia Eyler
If you can do a value-add deal locally, I would do that. The tough thing, I would assume, is finding a BRRRR deal that's viable in California. Broadly speaking in Cleveland, you are going to be way more likely to find a deal with better BRRRR numbers than in California. Not to mention the price of entry is substantially lower.

@Ally Shroff
The POS inspection is done by the city and they provide you a report with all the violations that must be fixed prior to closing or you the buyer needs to assume the violations and fix within 60 days post closing. Depending on the municipality, there are escrow requirements. 

@Gp G.
You can find deals in C locations of Cleveland that are in the 1-1.2% rule range. Anything that's a 2% rule is probably in more of a D/F location.