All Forum Posts by: Bob Stevens

Yes! He is FAR FAR ahead of you! The fact that you don't see that is partially why he is far ahead of YOU.

Who said the goal was reasonable at all??? This is a VERY young person who does not understand what is reasonable when asking this question. Everyone starts off somewhere, this person has enthusiasm and an open mind. Nothing to be shaming anyone about.

They are open to hearing feedback and trying to learn from that feedback which is EXACTLY why they are WAY ahead of YOU!!! At this point the poster has great potential to move in a positive direction based on feedback while you have shown virtually no potential here. Again, this is why they are ahead of you. 

You are upset because this poster is FAR ahead of YOU!!!

EVERYONE is ignorant and has things to learn and room to grow. 

This is a very young person who understands they don't have all the answers and is asking questions.

You on the other hand shout your ignorance to everyone and are completely oblivious to it. So, any sane person can plainly see that this poster is the one who is ahead of YOU!

Sounds like you are feeding into pipe dreams. Anything can sound real nice on paper but reality is profound. I have no idea why in good conscience some of these experienced investors are pushing you to go for it. This is a very difficult business with dozens of moving parts that need to be managed and mitigated through expertise and ability. You have to find deals were you can get this cash flow. You have to know how to manage that property effectively to make it work. You have understand each community, culture, environment and how to screen for the right tenant. You have to have the right financing set up. You have understand appreciation and leveraging. Its very rare high end experienced investors can pull this off. I have never seen a newbie even come close. Maybe with a 10 unit multi but still, very heavy lift. If it were that easy and feasible wouldnt everyone just map out a plan like that and do it? I applaud you for coming here and at least asking but as a senior investor who wants you to win, this aint it. Start off small and learn from there. Real estate is building wealth via the long game. Its not Bitcoin of Forex. Maybe put up a post, asking everyone here who has achieved the same with the same resources you possess. 

If you're looking to invest under $200K, Oklahoma could be a great option to consider! Both Oklahoma City (OKC) and Tulsa have affordable properties with strong cash flow potential. These markets are landlord-friendly, and with growing populations, job growth, and solid rent-to-price ratios, you can still find opportunities to purchase below $200K and see positive returns. Additionally, the lower cost of living and minimal seasonal risks make property maintenance more manageable. It’s worth taking a closer look at Oklahoma if you're aiming for strong investment fundamentals!

Hey Jhamari, you can still find deals like this. With a budget of $130k I would make sure that you still have at least 6 months of reserves after the purchase.

I would also be careful in certain areas where the cash-flow looks too good to be true.. The property will probably be a money pit for a variety of different reasons. The main one being the location. A good way to check the reliability of a property is to see how many times it's been transferred throughout the years. If a property is being sold every year, there's probably a reason no one wants to hold on to it. 

Anyone still seeing 1% or above cash-flow and appreciation in Cleveland and/or submarkets around it? I.e. Euclid, Maple Heights, as far east as Lorain or even as far south as Akron? (Looking to spend 130 or less)

Just looking for advice, this would be my first property and I'd like to get cash flow while being in a non crime filled area, and being able to count on at least some future appreciation.