All Forum Posts by: Ben Halabi

Investment Info:

Small multi-family (2-4 units) buy & hold investment in Bakersfield.

Purchase price: $145,000
Cash invested: $33,000

My first investment property, woot woot! Duplex 2bd/1bth per unit. The property never even hit the MLS the same company (different agents) represented both seller and buyer (that's me). Everything happened so fast I was struggling to keep up, but remembered what I learned from BiggerPockets and pressed on even when I felt like running away. Glad I didn't! Property company manages it, and I just have to say yay or nay to the big things. Nothing like getting that first month's rent!

Hello Everyone, my name is Chuck Balazs and I'm a licensed agent/Realtor working in the Northeast region between Cleveland and Akron.  I left a 25+ year career in IT to get into real estate, and while I'm doing ok (on track to close about 1.5 mil in sales volume my first year) it didn't take long to realize that just being an agent can quickly become a grind and feel just like a job.  I realize you get out what you put into it, but I have bigger long-term goals of doing some flips and getting into rental properties for passive income.

I've been doing a lot of reading, listening to BP as well as other podcasts, and pretty much just being a sponge and soaking in everything I can.  I'm at the point of just needing to start putting a plan into action.  I have some leads on private lending opportunities to fund my first project so that is promising.

I'm enjoying BP and hope to be a contributor to the community!  

Hello, I have done research to determine that I would like to get into REI. BRRRR (multi fam/single fam) seem interesting to me. I have a fill time job and plan to enter and build a portfolio overtime (as my side hustle to start). Wondering if there are local (Cleveland OH) area groups that meet to share knowledge, best practices, support newbies, etc. I am literally somewhat book smart at this time and Im looking to learn from others willing to share.

Hello—My name is Everett, and I’m a newbie investor based out of Dallas. I’m looking to invest in the Cleveland Ohio area. Can anyone recommend any reputable investor friendly realtors?

Thanks!!

@Ben Halabi do such maps exist for all metros?

Looking to buy a single family or small multi family income property in Cleveland, OH or the surrounding area. I live in Los Angeles and am looking for a local expert. I currently own a home but have never purchased an investment property. Any advice will be appreciated. 

Investment Info:

Single-family residence buy & hold investment in Colorado Springs.

Purchase price: $121,680

Single-family home located in Colorado Springs, CO.
Approximately 1,526 square feet, 4 beds and 2 baths with a lot size of 8,600 square feet. Currently estimated in value at $246,300.

What made you interested in investing in this type of deal?

Our strong desire for & belief in PASSIVE INCOME!

How did you find this deal and how did you negotiate it?

My parents purchased this house in 1994 while my father was stationed at an Army base in Colorado Springs. They retired to Myrtle Beach in 2016 and have been renting the property since that time. My parents are now interested in moving out of the country and decided to sell the property. The renters aren't able/interested in purchasing. So, we thought it a great opportunity to swoop in & save the day. ;)

How did you finance this deal?

Assumed parent's VA Loan (3.75% interest rate)

What was the outcome?

The current renters will remain in the property.

Yesterday I closed on my first rental property, a tri-plex with all the units rented out. My question is how would you first make contact with the tenants ? Should I go knock on their doors, call them or have the management company make first contact? My business partner thinkss it would be a good idea if they didn't have any of our personal information that way they have to go through the management company. Is that a good strategy? I am obviously very new at this. I'm half way through the Rental Property Investing bigger pockets book.

Thanks for the help!

I'm looking for good opportunities for residential real estate investments (Rentals!). Example would be $100K purchase price with $1,000 monthly rent at the minimum. Cap rate equal to 8% or greater. We have bought in Lincoln, NE, and immediately cash flowed there. 

Looking for other locations to invest in, or to check out. Can anyone offer any advice or locations to look at?

Thanks in advance, excited to be here in BP!

I’m very interested in starting to invest in a rental property in Cleveland, Ohio. I have zero experience with real estate or investments and I live out of state in California. Can anyone help guide me in the right direction? Who is the first person I should be talking to? I have ideas of what I’m looking for and neighborhoods I’m interested in, but no idea of how to execute!

Thanks :)