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All Forum Posts by: Chris C.

Chris C. has started 20 posts and replied 25 times.

Post: How to go about developing an outstanding team

Chris C.Posted
  • Posts 25
  • Votes 18

I've been trying the real estate world of being a landlord only part-time over the past few years, trying to do everything alone but always wondering how everyone goes about developing their team of help or how to know if you are picking the correct people?

I'm wanting to find other local people/groups involved in real estate to network with and help get fully involved in real estate currently read some threads and books on and off but trying to find some group meet-ups or some mentor types in the area I'm west of Cleveland closer to Elyria thanks

Hi I've been reading books and listening to podcasts like other newbies talk about on here, and now wanting help finding groups in northern ohio I'm 45 minutes west of Cleveland any help would be appreciated thanks

I currently own four sf properties 3 are rented and 1 needs repairs before renting like many on here I'm sure, I have been receiving phone calls and messages wanting to buy them which always ignore but now wondering with the price that houses are selling for starting to wonder if it would be worth selling all and using the money to go towards down payments on houses in better areas or bigger multi family house or just continue to ignore offers,

currently own all four free and clear similar houses selling for 50,000 and up, also if you say to sell how do you come up with the price? Thanks 

Post: Money out refinance or a heloc?

Chris C.Posted
  • Posts 25
  • Votes 18

House that wanting to refinance currently has 50k owed on it but by refinancing the interest rate is cut from 4% to closer to 2% so that's why I was thinking of doing the refinance 

Post: Money out refinance or a heloc?

Chris C.Posted
  • Posts 25
  • Votes 18

Getting ready to refinance my primary house was wondering what made more sense to take money out to have ready when the next deal is ready or just get a heloc and refinance keeping the current payment down until needed? If I took money out I would use it to pay the difference

They called me with an offer on this house for 130,000 was wondering what would be numbers that would need to work looked in the house won't need a lot of work to be rentable, does come with a barn for another rent source and has mature timber on property although not sure of value in that

Post: What numbers would work?

Chris C.Posted
  • Posts 25
  • Votes 18

Looking at a small house where rent in the area for apartments are 650 they are asking 160000 does come with 10 acres of land I figured rent would be the same or could get a little extra since it's a house instead of an apartment and also was thinking some people like tiny house themes so could go that way also was wondering how to work the numbers to know what offer would make it work? Or if numbers wouldn't work and just move on? Thanks

Currently have a property listed near me that has a few acres with a house only 600 sq ft that needs decent amount of work but can be done, houses have been selling fast near me and over priced but this property they are asking top dollar where I'm sure people are over looking since they only see the need to knock down and rebuild a bigger house, my question is, does anyone currently having luck with renting tiny houses?

With small adjustments this house could be a nice small house either to rent or possibly turn to Airbnb with it being in the woods? location is about 15 minutes from main highway or small colleges 

houses in the area for a 1bd room apartment rent from 600-650 this would be a 1 bd room house unless put an addition or do something with the attic space currently they are asking $160,000 I figured would be needing to offer mostly just land value under 100,000 in order for any numbers to work but could be wrong?

Post: Question on refinancing?

Chris C.Posted
  • Posts 25
  • Votes 18

Not sure if this is the correct spot but wondering what some ideas are on refinancing currently, I have checked only at a few spots but all have said I don't owe enough to qualify currently owe around 50k but would prefer to take advantage of the lower interest rates it's for primary residence thanks