All Forum Posts by: Bob Prisco

@Charlie Anne never why bother ?   I only do deals with 20% +++ net caps , In this scenario if the tenant misses ONE MONTH bam your losing ,,,, sounds terrible 

@Matthew Utt  contact me , 

@Ceasar Cifuentes how many props do you have in Cleveland ?  Also not a correct statement to only focus on west side. 

Too all OOS investors, WHY are you talking about POS, tenants , repairs etc. You should  not to be involved in any of this. Are you going to swing a hammer, deal with inspectors, tenants, the city, etc, NO ! So why are so many asking about these things ? You are not nor will ever be an expert in Cleveland  ( or any market ) as you do no live an breath it unless you plan on making it a full time gig . You will never go to the building dept, speak with a tenant, CMHA / EDEN or a contractor. So many are making this more complicated . All you need to do is connect with those doing deals, you simply close, thats it! 

All the best 

@Ivan Franco the last thing you need is a realtor.  All the have is what is listed.   I have done about 500 deals out there for about 30 mill used a realtor maybe for 10 deals when I 1st started . They sell you and move on. They do not have any vested interest in you. You need a team, connect with those that do deals weekly, PM in place,nothing, I mean nothing for you to do.  . 10 -14% net caps are to be had with equity

Good Luck 

about 500k Stock market all the travel related , oil and restaurants,  balance rentals, with 15% net caps or more 

@Ben Holloway do you have any experience in the Cleveland markets ? If not I suggest you contact be before you buy anything, 45k per unit, MUCH to high, unless super nice area with 1k per unit rent 

Too all OOS investors, WHY are you talking about POS, tenants , repairs etc. You should  not to be involved in any of this. Are you going to swing a hammer, deal with inspectors, tenants, the city, etc, NO ! So why are so many asking about these things ? You are not nor will ever be an expert in Cleveland  ( or any market ) as you do no live an breath it unless you plan on making it a full time gig . You will never go to the building dept, speak with a tenant, CMHA / EDEN or a contractor. So many are making this more complicated . All you need to do is connect with those doing deals, you simply close, thats it! 

All the best 

@Damian Ramirez  are you cash, what is your budget ? What is your goal ? 

@Wade G. My personals are all 20% ++++ NET caps, we provide 11- 14% net caps to all our OOS investors, `100% hands off

Good Luck 

PS . BTW, this is based on all cash buys, COC is higher with a loan