Share with Us Your Beautiful Cash Flowing Property!

[Joseph Matsushima]

Hello Investors! Is anyone interested in showing our their cash flowing properties to the BP Community? Our BiggerPockets YouTube team is going to be filming tours of cash flowing properties with real estate investors (Think ‘Deal Deep Dive’ but on camera) in 2023 and we want to feature YOU and YOUR property.

This is a great opportunity to get your name out there to the real estate community and potentially earn a guest spot on one of our podcasts! If you’re interested — or know someone who would be interested, please fill out this form and we’ll reach out to you for next steps!!
https://docs.google.com/forms/...

[Michelle Fenn]

I have 2 cash cows.  Both were purchased right after the 2008 crash.   The first came in 2009.   It was a duplex in a gentrifying neighborhood Ohio City in Cleveland Ohio.  The home was owned by California investors that were attempting to renovate it using a local property manager.   I purchased the home for 43,000.  They previous owners were unable to get an occupancy permit due to a gas leak.   After my purchase I spent a couple days with plumber that identified and corrected the leaks.   It has been continuously tenanted since my purchase.   My vacancy rates have been so low that I upgraded units during tenant vacations.   The 1890 house sitting in the middle of new townhouses selling for 300,000+ is on every investors radar.    I get offers to purchase this property for 200,000 or more almost daily.   The property was fully depreciated years ago and has appreciated more than  100%.   Even with the below market rents that make may tenants never even consider moving my cap rate is 13%.   The other property was purchase in 2014 in other gentrifying neighborhood,  Tremont/Metro West for 13,000.   I was able to do a to the stud renovation using 2% public financing   CASH  Cleveland Action to Support Housing.  After major renovations, this also has been continuously tenanted.    I renovated it to be used as an AIRBNB, but elected not to invest the extra time, though it's location near a major hospital with no nearby hotels would make it a hot property.   My 10 year loan was paid off early and this one has a cap rate closer to 15%