All Forum Posts by: Valerie Couch

That's a great question! Cleveland is going through some great real estate times right now! very exciting that your considering NE Ohio @Valerie Couch

Ok lets get serious, you have $25-30K to spend on a property. You were from Cleveland (yes I read your profile) so you have an idea what the area is like. You were also a Realtor, is you license still valid (hit me up privately, lets chat about this) so you probably already know some of the suburbs and the average price points.

Now do you have a team in place that will look out for your best interest over theirs while you are in NV? IF NO, then you Buy and Hold. Plus the $25K I'm assuming is just the downpayment, do you have access to additional funds for the cost of the rehab? IF NO, then you buy and hold.

Looks to me like all roads currently point to Buy and Hold.

Couldn't have said it better myself!!!

1 Vote

Originally posted by @Eric DeVito:

Hello all! Mainly for fellow New Yorkers. Just curious where and if you invest out of state? Also any recommended spots on the east coast?

Clearly my opinion is bias but I have spoken with many investors from NY and CA (to name only a few) who focus on CLE. :-)

Check it out, you will not be disappointed.

Reach out with any questions.

All the best

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Welcome @Grant Sevek. Nice to have a fellow Ohioan on BP!

Don't completely give up on the Cleveland market, UH is definitely a more costly suburb, especially the RE taxes. But there are plenty of great deals out there.

Look forward to getting to know you, feel free to reach out with any questions.

All the best,
Val

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@Matt C.

Great meeting you last night! Glad to have you on BP, we'll chat more soon!

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Originally posted by @Kevin Linh:

Hello everyone,

I just found out my cousin who is taking classes at a RE company called Century 21. The contract states that if classes are taken with Century 21 (around $400 for classes and another $185ish for exam) that they will hire me and let me work for them for 1 year (if I pass the exam). I was wondering if anyone has ever heard of something like this? If you have how was it and what RE company was it for?

To me this sounds a little to good to be true, because after you sell your first property Century 21 will reimburse the $400ish dollars for the classes. My cousin sent me a picture of the contract, it looked simple so I became a bit skeptical. I know that Century 21 is a big RE company out here in Southern California but I'm not sure if it's country wide.

Any information will be great since I really want to get my RE license and start RE career. I've waited to long and I need to start taking some action. If this is true signing with them would be a good idea, since they guarantee that I will be able to work with them for at least 1 year.

Thanks again

Kevin

Sounds like a good deal to me! As everyone has said, you're not technically employed by the brokerage so if you make money, they make money. Again, as mentioned, make sure you negotiate a good commission split and training/guidance from your broker or a manager. I don't know what is standard in your market but I would say 50-75% is common in Ohio.

My classes were almost $1,500 (with a 3rd party school, not brokerage) PLUS exam fees. I believe there is one local brokerage who offers classes as well but for around the same cost, maybe a tad less. Most brokerages, to the best of my knowledge, do not reimburse cost of classes. But again, every market is different.

To me it sounds like a win-win. I say go for it!

Good luck!

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Originally posted by @Mark Nolan:

Don't forget about the self-directed solo 401k as it is generally less expensive and cumbersome to run and it can also be invested in real estate.

Great point, Mark! Thank you!

1 Vote

All Forum Posts by: Valerie Couch

Valerie Couch has started 19 posts and replied 155 times.

Post: Not just an agent - I know what investors are looking for!

Post: Investing in Cleveland

Post: Hot Oakland, CA Real Estate

Post: New Member from Lakewood, Ohio

Post: NE Ohio investment question

Post: New Yorkers - Where do you invest out of state?

Post: NEW MEMBER Investor in Canton, Ohio

Post: NE Ohio Investor

Post: RE Company offers 1 year deal! Is this too good to be true?

Post: USE YOUR 401K TO BEGIN PURCHASING REAL ESTATE TODAY!