All Forum Posts by: Anh Nguyen

@Bob Stevens @Nathan Grabau @Shane Kelly

Thanks for your advice it is really helpful

I've been studying Cleveland and Bigger Pockets for months and thought I am beginning to understand the neighborhoods and deals a lot better. However, there is a listing which I thought is a good deal, yet its been on the market for over 2 months so clearly something's not right.

4427 Beta Ave, Newburgh Heights, OH 44105 | realtor.com®

Can anyone tell me what's wrong with it? Neighborhood seems good, needs what I would presume to be less than 20k in rehab, and has maybe $1700 in rent potential. Thanks!

I've seen mentions that property tax is assessed at 35% of the appraisal. So a 3% tax rate on a $100k house would be:

100,000 * .35 * .03 = $1050/year

However, the Cleveland County Tax Calculator does not include the 35% assessment and would just be 100,000 * .03 = $3000/year.

Could anyone provide clarity on how to properly calculate property taxes in Cleveland?

wanted to follow up and see how your experience with Shoreway Realty is

@Shane Kelly @Nick Shri @Drew Sygit

Thanks all for your feedback! It’s wild to me that people are cashflowing off their first year in these cities with these numbers. Do people tend to not factor in certain expenses to inflate their cashflow? 

Can't edit the post for some reason but I am hoping to get a critique of these estimates and where I can shave off some costs or what I'm missing. Thanks!

I'm curious on the gas and electric costs. I know tenants usually pay for it, but what if it is not seperately metered