All Forum Posts by: Pete Krusinski

Investment Info:

Small multi-family (2-4 units) buy & hold investment.

Purchase price: $150,000
Cash invested: $35,000

Solid side-by-side duplex in Bedford. One unit is fully renovated: hardwood floors, updated kitchen/baths, new paint, electrical, furnace, hot water tank, and roof.

The other unit needs full rehab: plumbing, furnace, flooring, drywall, paint, kitchen, baths, tank, and misc.

We estimate $40K in rehab with an ARV of $250K–$255K.

Rent Potential:
Market: $1,300–$1,400/unit

Section 8: Up to $1,600–$1,700/unit

Strong cash flow potential. Excited to

What made you interested in investing in this type of deal?

Great area, value add, rare setup and solid cash flow potential

How did you find this deal and how did you negotiate it?

MLS. Negotiated myself

How did you finance this deal?

CASH

How did you add value to the deal?

Finishing other side

What was the outcome?

TBD

Lessons learned? Challenges?

NA

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

NA

Investment Info:

Small multi-family (2-4 units) buy & hold investment.

Purchase price: $150,000
Cash invested: $35,000

Buy-and-Hold Duplex w/ Value-Add – Bedford, OH

Solid side-by-side duplex in Bedford. One unit is fully renovated: hardwood floors, updated kitchen/baths, new paint, electrical, furnace, hot water tank, and roof.

The other unit needs full rehab: plumbing, furnace, flooring, drywall, paint, kitchen, baths, tank, and misc.

We estimate $40K in rehab with an ARV of $250K–$255K.

Rent Potential:
Market: $1,300–$1,400/unit

Section 8: Up to $1,600–$1,700/unit

Strong cash flow potential. Excited to

What made you interested in investing in this type of deal?

Great area, value add, rare setup and solid cash flow potential

How did you find this deal and how did you negotiate it?

MLS. Negotiated myself

How did you finance this deal?

CASH

How did you add value to the deal?

Finishing other side

What was the outcome?

TBD

Lessons learned? Challenges?

NA

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

NA

Cleveland SFH (Section 8 Tenant) | Asking $140K  

Turnkey 5 bed / 1 bath single-family home in a strong rental area on Cleveland’s southeast side. Currently occupied by a Section 8 tenant paying $1,500/month—stable income from day one.

• Fully certified lead-safe
  
  
• Brand new mechanicals:
  
  
  • Furnace
    
    
  • Hot water tank
    
    
• New appliances:
  
  
  • Gas stove
    
    
  • Refrigerator
    
    
• New security system installed
  
  
• CapEx work already handled—minimal maintenance headaches ahead
  
  

This is a high-yield rental with all the big-ticket items done. Perfect for a buy-and-hold investor looking for low-hassle cash flow.

📁 Photos and details available via Dropbox—message for the link.
Serious inquiries only. Buyer to verify all information independently.

Hi Cliff,

Most of that sounds like typical deferred maintenance — nothing that would make me walk, but definitely worth negotiating if you didn’t already factor it into your offer. Big-ticket items like the roof or windows may justify a price reduction if they weren’t clearly visible during your initial walkthrough. The rest is minor stuff a handyman can knock out in a day, but every repair adds time and risk — and that deserves a discount.

Hi Oscar,

Totally fair question — and you're not crazy, just being a responsible investor. It really depends on the scope of work. If it’s a basic or common repair (e.g., garbage disposal, faucet replacement), one bid is usually fine. But for anything major — roof work, foundation, full turnovers, etc. — getting 2-3 bids is smart business. Contractor pricing can swing wildly, and it’s your money on the line. A lot of PMs prefer to use “their guys,” but that doesn’t always mean you’re getting the best deal or the best quality. At the end of the day, they work for you, not the other way around. Don’t let a PM push back just because they don’t feel like coordinating a couple extra quotes.

Hi Michael 

Both sound like solid candidates, so I’d make sure you’re running full background checks, verifying income, and checking references to get the full picture before deciding. That said — if everything comes back clean and they're otherwise equal, I’d personally lean toward the tenant who’s going to pay more. One month of vacancy in the long run won't kill you. Past experience counts, but so does cash flow. Go with the numbers if all else is equal.

Off-Market 6-Unit Apartment Building – Cleveland, OH

I have an off-market opportunity for serious investors looking for immediate cash flow in Cleveland, OH.

Key highlights:

• 6-unit apartment building (all 2 bed/1 bath)
• Price Range: $350K - $400K
• Current and projected rents: 3 units will be occupied at closing, guaranteed voucher rents of at least $950/unit (could be higher).
• Recent Capital Improvements: Major updates completed including new electrical panels and wiring, plumbing, vinyl windows, 4 new furnaces, and 6 new hot water tanks. Cosmetic updates also completed throughout kitchens, bathrooms, doors, appliances, and partial flooring.
• Condition: Exterior siding is in good shape, street parking available.
• Neighborhood: D-class area, strong cash flow potential.

Looking for a direct buyer or someone unrepresented. This deal is ideal for investors looking for strong returns with minimal upfront maintenance.

I can share a Dropbox link with detailed pictures and videos for interested buyers.

Serious inquiries only—please message or comment directly for more details.

Hi Andrew,

Jumping into a 15-unit property as your first deal is bold but doable with some smart planning. With this size of a deal make sure you have a rainy-day fund. I would also recommend looking into different ways to finance the purchase, like seller financing or teaming up with partners. Underwriting is crucial in all deals, but especially as the deal gets bigger. Dig into the numbers to understand all the potential costs and earnings, and factor in things like vacancies and maintenance. I would also connect with investors who own apartment buildings, it's a lot better to learn from someone else's mistakes! 

I don't have all the specifics, but this deal seems okay. My advice would be to start with something smaller before getting into million-dollar deals. 

Hi Tom,

I saw that property come on the market. It does cash flow well, but in those areas the wear and tear on the units is going to be a lot more significant. I know plenty of investors who have had success if rougher, D class, areas but you need to have your processes down. I wouldn't recommend this for a first purchase. 

Investing in a vacant property in Cleveland offers the advantage of setting your own leasing terms and screening tenants to ensure they work for you. The rental market in Cleveland is strong, with a high percentage of renters, so as long as you're asking for reasonable rents, the property is in good shape, and you are actively marketing the property, it shouldn't be vacant for more than 30-45 days. Also, if a property is fully occupied with good tenants, there's a high chance there will be multiple offers on the property. If you're willing to do some work in finding tenants, you can get a better deal on the property.