All Forum Posts by: Bob Stevens

@Matt Caresco  simple, look which market has provided double digit net caps over the last 8 years, with 50- 100% appreciation , then surround yourself with a team that handles all for you 

@Jon Q. AGAIN, you are making comments with zero knowledge just google . Sure these are blue collar BUT IN KNOW MEANS rough areas.  You really are very arrogant making comments with zero knowledge. I do not know any other city in america, that has so many from overseas investing in it . Heck I flipped about 250 props to Israel investors , and I am just one person, they have bought 1ks and 1ks . I am not here to  "sell " you anything, just correcting your remarks. Not the life style, hmm, again you really need to talk with people that have 10, 20 doors that paid 40- 70% less then todays pricing  and see their life style 

VERY difficult to get the 1.5 - 2% rule  10- 15% NET caps in the upper middle class,,,,,,

All the best 

@Jon Q. well I can only go by my personal experience of doing about 500 deals and owning many many doors.  PM handles all, owners are not bothered ( nor should they be ) with BS, $70 bux or so per month,(  SF, avg net rent about 700 after all expenses with PP of avg 65k )  repairs below all competitors, and not having to worry about it ,  screening tenants ,evicting etc, NEVER would want to be involved with any of that . Is all about the team around you. Assuming you have dozens of doors and have people you can trust if so great !

I wish you all the best 

PS you really should not comment on markets you have zero knowledge on besides google. Pricing has more then double in the last 6, 7 years, and seems to be continuing as there is no inventory, especially the MF market . Hmm no jobs, so I guess the more then 2 mill sq ft Amazon built, the new Hilton, Marriott A Loft, and other hotels , and many many new restaurants and of course the Cleveland Clinic is MASSIVE along with many other health care cos. Again really should not comment on things you have no knowledge of , Oh Forbes had Cleveland as the # 1 rental market 2017 - 18, but they were not paying attention as we were getting 30% YES 30% net caps prior for years.... Again all the best 

@Jon Q. not worth it , PM cost on avg ( in my market ) about 70 bux a month, meaningless. Why deal with any of the headaches, for pennies....... Not sure which market you are referring to but in the Cleveland markets VERY difficult to run a rehab and PM from out of state. NOT recommended. I am speaking from 10 years of experience having done more then 500 deals out there  . 

Good Luck 

@Hayden Wright just go to your local REIA meeting, and other RE meetings ,,KEEP IT SIMPLE .

@Errol St Marthe  throw it back over the fence. 

@Hayden Wright I have never sent a letter to an owner. I simply get all my deals from my network and can get as many as I want .  Connect with those doing deals and learn from them, 

@Christian Orozco  either rent is to low or a huge demand. Just take the 1st one that qualifies, keep it simple 

@Christopher Owens  its all about the numbers. Best cash flowing props are in the mid west,,, net caps from 10- 14% 

Good Luck 

@Jon Q. really, so how does and owner from out of state PM his property ? How do they deal with tenants, do repairs, place and replace tenants, oversee repairs etc,,,,,? Answer they cant , PM co handles all Owners from out of state should not be ( none of my clients are ) involved with anything.