All Forum Posts by: Victor Vella

Trulia has a really simple value/appreciation/depreciation that can be filtered by number of rooms

I agree with SUNY, is CLE a tick higher then other areas. Sure.

That being said I think your bigger risk is buying now and we go from a low unemployment rate to a higher unemployment rate.

I can help with singles in CH. 

CH has a low barrier to entry for a great community, but taxes and point of sale **** will eat into profits

Chad your spot on with the cities - outside of that you can also look in the city of Cleveland itself which will give you much lower taxes and acquisition price for sometimes generally the same rents.

The flip side is suburbs often have stronger, more well funded schools which tends to give people more reason the live in those communities.

Tris and quads are very rare, but can be nice portfolio adds

@Mark Sandvig

Mark I was born, raised live here in NEO.

I’m not an agent, I left corporate America to do full time investing in CLE

Yes Cleveland is a very dynamic market, and full of a diverse selection of housing investment opportunities.

Inventory is very tight if your looking at a strong suburb, it’s a little better then it is the past couple years but over as a buyer you need to be flexible and patient.

There are a lot of communities in between Cleveland and Akron that have been recently developed and I think there’s still room to make money. We may not be as sexy as Columbus but I believe we have more optionality.

Feel free to connect!

@Robert C.

Drunk and straight up addicted to low interest rates - sure is fun right now! The hangover/withdrawal is gonna naaaasty

Honestly until rates change upwards It’s just fuel for people to stay out of dollars in the bank earning zero dollars. It encourages Either invest the dollar or spend the dollar.

What’s really messed up to think about

Keep your $100 dollar in the bank you earn $1 a year.

You spend $100 on gas at Costco you get 4% instantly. Spending pays more then saving........ unless your investing 😁

Cuyahoga Title - ask for Jim.

They serve both as a title agent and or a real estate attorney service! They are not big box. 

Just like anything pros and cons - but overall good service, good turn times and very fair pricing. 

Well here on bigger pockets of course 😁

I agree with Caleb I’m in investor and I have multiple agents that source deals for me. The benefit of finding investors acquisitions is your going to get a buy/sell both with in 6 months.

I’m out of highland heights I’m always looking for great deals, let me know how I can help!

Victor  

@Michael Ablan

Fantastic move! I couldn’t agree more. You can always change the property not the neighborhood.

You want the ugliest/cheapest house on the best block.....All day!!!

@Jonathon Weber Absolutely there would still be a monthly payment lol.

No ones confusing a monthly debt payment obligation with interest cost. If the interest cost is below negative 1% you would be effectively be getting a 1% annual principal deduction just for meeting your monthly payment obligation.

As far fees go. Even if your closing costs are $5,000 on a $200,000k loan with a negative 1% interest rate you would have a break even if 2.5 years before your -1% started paying you.

But to be fair banks have always charged thousands in dollars in fees. What’s changed in the interest rates of the debt instruments have continually depreciated.

I’m just curious how this impacts valuations on real estate. Seemingly rates have gone down values have generally have increased.( with some volatility in there.

I just wonder if there is eventually a decoupling of these - or maybe that’s not possible or maybe this leads to a massive debt crises due to increased risk taking.