All Forum Posts by: Bob Stevens

you would be better off picking a closer market that you're interested in - where you vacation, where you went to college - rather than a random market just because of the price point.

and if you're serious about it, you will need to spend time in it, in person, building a team. if you buy random properties by looking at a few Zillow listings, you'll end up like these folks. it's not 10 years ago anymore.

https://www.biggerpockets.com/forums/48/topics/1160450-run-i...

https://www.biggerpockets.com/forums/48/topics/1137397-balti...

https://www.biggerpockets.com/forums/963/topics/1195280-expe...

" there is no cash flow anywhere right now on a standard long term rental with no value add."

Really, hmm, I get 5 a week, all with 15- 20% NET based on cash purchases. All in 75kihs, rent 1500- 1800, All in 90kish rents from 1800 -2k, All in 240k, rent 50k, NET 33k, It's all about knowledge.

Closing on 3 more this week, all in 95k, rent will be 1800ish, value about 135 145k. All in 70k, rent will be 1500ish, value 100- 110kish,

So, I 100% disagree with you, but do agree getting props that are listed is NOT the way to go. Also getting props from realtors is also not the way to go, for the most part. YES, there are some good realtors out there. I see many from BP, two just this week, that overpaid by 30%, shame on the realtor. I actually told the buyer to back out of the deal, he did.

Good luck

1 Vote

Orange County, California

Quote from @Catherine Ding:

Quote from @Joshua Perelli:

Quote from @Michael Smythe:

Been dealing with all this in most cities of Metro Detroit since our PMC founded.

City of Detroit has required Lead Cert for over 10 years.

The lead certifications isn’t the issue, it’s the local agent in charge that the city is making take financial responsibility. I cannot find anyone who wants to take that on.

Have you had any luck finding someone yet? We are also looking at options for finding a "registered agent" for our Cleveland property

I have it all, Led cirt " guy" contractors, and LAIC, happy to help

0 Votes

Cleveland, Ohio

Quote from @April De Crescentis:

Looking for a hard money lender to partner with in the OH market.

How much DP do you have ?

1 Vote

Cleveland, Ohio

Quote from @Hadar Cohen:

Hello everyone!

I'm currently working on my first BRRRR deal in the Cleveland area,
focusing specifically on the neighborhoods of: Maple Heights, Garfield Heights, South Euclid.

I would love to get some help :)
I'm looking for reliable BOTS as well as contractors – whether they're GCs or specialized tradespeople.

It's really important for me to work with good, trustworthy people throughout this process,
and I'd greatly appreciate any recommendations you might have.

Thanks so much in advance
I really appreciate the support and value the community here!

Cohen Hadar

I have been working in the Cleveland markets for 10+ years, I have an entire team there. I have props, contractors and much more. I have clients from around the world,
BTW, the areas you mentioned you missed that boat by 5 years. Sure, if you are happy with 6- 8% net but not if you want 10- 15% net
Good luck

0 Votes

Cleveland, Ohio

Quote from @George Munoz:

Unfortunate I am going out of town

0 Votes

Fort Lauderdale, Florida

Quote from @George Munoz:

Quote from @Annie Seurer:

Is this event going to be rescheduled?

It will ,, We are aiming for the 24th of OCT

Shoot I'm going to be in LI for a wedding

0 Votes

Fort Lauderdale, Florida

Quote from @Cliff Song:

Hi everyone,

I'm trying to find my first investment property and have started analyzing deals out-of-state but having difficulty finding opportunities with even minimal positive cash flow. I started in Oklahoma City and surrounding areas due to having family there but I can't seem to find anything that pencils. I'm considering looking in other areas based on what I'm seeing on the internet like Ohio, Indiana, and Michigan. Would like to hear thoughts and suggestions on finding markets.

Thanks,

Cliff

We have been and I know many from around the world that have been and are still buying in the Cleveland markets for 10 years. I see many getting 10-15% net income based on cash purchases,

All the besy

1 Vote

Orange County, California

Quote from @James Wise:

Quote from @Andrey Godes:

Deal of the day: 17325 Talford Ave, Cleveland, OH 44128

Looking to invest/buy in Cleveland - call or text 440-796-0460

Its listed

Link's broken brother. On a side note, THIS LINK of me evicting some fools, works just fine.

1 Vote

Cleveland, Ohio

Quote from @Sabian Ripplinger:

I am considering doing wholesale part time I only have about 3-4 hr in the evening to do it is that enough time to make it work?

and are all you wholesaler's cold calling? or out sourcing it if so who's doing it how about google ads? and how are you finding buyers?

anything helps thanks!

Not happening ,

1 Vote

Quote from @Andrey Godes:

Deal of the day: 17325 Talford Ave, Cleveland, OH 44128

Looking to invest/buy in Cleveland - call or text 440-796-0460

I found it its listed, it will need 5k for flooring, not sure about the roof. If its 10 years or so, It will need to be replaced, I'm at 75k assuming 10k in reno.

1 Vote

Cleveland, Ohio

All Forum Posts by: Bob Stevens

Bob Stevens has started 87 posts and replied 6296 times.

Post: Starting Out - Determining Market

Post: Cleveland Rental Registrations - A Guide to the Nightmare

Post: ISO Hard money lender

Post: Seeking Reliable BOTS & Contractors for My First BRRRR Deal in Cleveland!

Post: Growing & scaling YOUR FLIPPING BUSINESS @ Chill & REI

Post: Growing & scaling YOUR FLIPPING BUSINESS

Post: Starting Out - Determining Market

Post: Rentals in Cleveland, Ohio

Post: is Erik cline's whole sale course worth it?

Post: Rentals in Cleveland, Ohio