All Forum Posts by: Roey Marom

Hi Reyes, how much cash flow?  set a number as your goal and work around it. Meanwhile, you should understand what is your current cash flow, so you will know how much you want to add to that and reach your end goal. I can see that have some control in financing your deals, so just build your goals and you will be fine. if you need a specific  advice on Ohio's market, DM me on BP and i would love to help.

Good luck!

Hey Andrew, welcome to BP! If you are open to more cities besides Kent, talk to me and i will give you an overview on the Ohio's market. I've done hundreds of deals in the area. 

good luck!  

Hey Jake, welcome to BP! Cleveland is a great city. I've managed hundreds of properties in different cities in Ohio and its a great market to invest in. at the moment the market is a little expensive and good deals are hard to find, but I believe that the prices will go down with the beginning of the winter. 

DM me if you need more advice on Ohio's market.

good luck!

Hi Daniel, if you will decide to put your chips on Jacksonville, check the areas very carefully. there are good opportunities

( pockets ) between the the rough neighborhoods. 

GOOD LUCK! 

Hi @Meena Balaji the answer is in the lease. But also I recommend you to check  the landlord tenant laws in California, Each state has different laws . Ether way, your property manager should be able to give you good insight. 

Hi Amit, first off welcome to BP! this is a great time to get into real estate, but like in other investment you should do your home work  very carefully. start with your budget and  strategy: do you want to invest in prime markets or secondary ones? have you considered leveraging?

 there are many markets out there, don't let your location dictates where investment will be.  I've invested in 5 markets so far, you are more than welcome to DM me on PB and I will try to assist every where I can.

good luck! 

Hi Kennneth, you will need to pay $400-$600 lawyer costs including court filing fees. It is extremely cheaper if you do it by yourself, but  I understand you don't live in Jax, therefore you'll have to use an attorney. 

How long the eviction process can take from start to finish depends on several variables. While an uncontested eviction can sometimes be completed in just around a couple weeks, a contested eviction may last as long as a few months.

here you can find more information and  timeframes associated with each step :

http://www.orlandoevictionlawyer.com/blog/articles...

Good Luck!

Hi @Quan Hong Chu first all welcome to BP! I will suggest you to look carefully and check the numbers.  leveraging is a great tool for building wealth but don't forget to put 10-15% on the side for the next property. They are some rules of thumb when it comes to leverage, but off course they are changeable:

1. put at least 20% down

2. try to find a  property  with at list 20% below market prices

3. remodeling should create 10% appreciation during the first year 

4. invest all the cash flow in your second property (if you will save everything you will be able to put the down payment on the second SFH at the thired year).

@Bill S. what do you think? do you have more things to add?

Good Lock!

Hi @Michelle Fox, Talk to Dan from Northstar building and construction. they are  highly recommend. 

Eugene Rogachevsky Hello Eugene Please PM me, I have two very experienced attorney we've been working with for the past few years. Our average reduction rate is 35%-40% on our rental properties in Cleveland suburbs.