All Forum Posts by: Alana Nevares

Thanks... do you think it is ok to only cash flow 200? we are more of passive investors and so, we dont do brrr or fix up...  we have one in university heights and if at all, it will cash flow 200

I was looking into multifamily investing in Cleveland, but all the properties that I have found are built in 1920s, which makes me hesitant to consider them. Any thoughts on this?

Hi,

Any thoughts on Euclid's Ohio safety? Any particular areas within Euclid that are rough?

The current available properties appear to make sense as far as numbers.

Taxes are better than Cleveland Heights, and so it was more attractive to us. 

Any thoughts on this area is appreciated. 

Hi Nicole, thanks...let me know when is a good time to talk

Hi,

I would like to know if anyone has advise about good areas in Indianapolis for duplex or quad investment. We are just starting. Saw few in Marion County in Indianapolis and was not sure if that was a good area to invest. 

BTW, this would be for long distance investment. 

Thanks for your help

Thanks so much!

Thanks Matt, this is helpful. Best, Alana

Hi Brian, thanks for your thoughts. Matt, thanks for running the numbers. What has been your strategy to mate 10 to 15% return? fixer upper? multifamily? are you hands on type of invest? Apologies for the many questions. Just trying to get more direction. Any thoughts on Holton Wise type of properties?

Hi,

My husband and I have a long hours occupation while on mid thirties and have no investments yet. 

About one year ago I discovered bigger pockets and ever since have been listening to their podcasts. About one month ago we decided to take action. We did not want a fixer upper due to fear, lack of time and experience. 

We found a single family home (nothing fancy), in University Heights, Cleveland, sold POS violation free and will need minor repairs. we do know we may need a new roof and furnace in the next few years. Purchasing price is 87,500 with 1,700 back for closing. 

Potential rent: 1150-1200

400 Mortgage

300 taxes

120 management company

50 insurance

15 renters occupancy fee.

We wanted a safe neighborhood with low turnover, however, taxes are overwhelming and if we are lucky we will cashflow 200 monthly. Was this a bad deal?

Any advise as to where to invest next?....Was thinking about duplex (but most of them are built in 1920s in the area)….Would a fixer upper be better even long distance?

Thanks for your thoughts, somewhat discouraged at this point.