All Forum Posts by: Peter Ledger

@Ike Stephens I'm a rehabber and turnkey provider here in Cleveland. Every now and then a good distressed property comes across my desk. I'll shoot you a message.

@Jared Lichtin Thanks! I'll reach out and see.

@Lisa Pecora Although we have never worked directly with a property management company, a lot of our turnkey investors ask for recommendations, so we make it a point to know who has a good reputation here in the Cleveland area. What is the issue with your current management company and how many properties do you need managed (definitely helps determine which companies might be recommendable)?

@Chris Clothier Great Article! 

I definitely agree with #5 on your list. It blows my mind sometimes that folks look to invest tens of thousands and sometimes hundreds of thousands with a company and a market they have never seen first hand. I find I have to often beg folks to visit us in Cleveland. If you're looking to invest OOS, the most valuable investment you can make at the beginning is a plane ticket.

I'm an investor and turnkey rental provider in Cleveland, OH. I have a client right now looking to purchase a package of 12 properties (11 SFRs and a fourplex) totaling around $775k. Would you know of a lender that's able to provide Commercial Loan on House Packages like this one in the Cleveland area?

@Greg Downey, I'm an investor in Cleveland and we're quickly growing as a turnkey rental provider. I have a client right now looking to purchase a package of 12 properties (11 SFRs and a fourplex) totaling around $775k. Would you know of a lender that's able to provide Commercial Loan on House Packages like this one in the Cleveland area?

Contract for Sale:

Call us now for details! 440-482-0959 

A great duplex in the path of progress in the Clark-Fulton area of west Cleveland. Both units are 3 bedroom, which is really unique for the area.

CLICK HERE TO SEE A VIDEO WALKTHROUGH

New carpeting and repainting is currently being done in one of the units. Less work for you!
There is a second small efficiency suite at the back of the property that needs to be taken down.

Unoccupied
Rentometer Report: $1,400 - $1,800 month in rent

SqFt: 2044
Bed/Bath: 3/1 and 3/1
Annual Taxes: $624.80
ARV: $45,000


Call us now before this one is gone! 440-482-0959

@Melonie Dickson This depends on what you’re buying. Are you buying a distressed property from another investor? Then yes, your walkthrough is your inspection. If you’re not able to inspect the property confidently then make sure you have a contractor do it for you. With the “wholesale” or distressed properties I have sold I don’t allow an inspection contingency, because that should have happened during your walkthrough. It’s the flipper’s responsibility to know what they’re getting into. BUT if you’re not buying a distressed property, then there should be no reason not to have an inspection contingency.

Hey @Jared Lichtin, I'm an investor here in Cleveland. We do almost everything: Flips, Rentals, Owner Financing, Lease Purchase, Hard Money Lending, Wholesaling etc...

The fastest growing portion of our business is helping OOS investors pick up rentals here. While you're in town, would you be free to get together? I'd like your insight as a OOS Investor yourself(albeit, from Cleveland). 

Hey @Trae Floyd, we're in Cleveland and we have been helping out of state investors connect with turnkey SFRs for years. If you would like help or advice, I would be more than happy to help!