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All Forum Posts by: Bryan Thomas

Bryan Thomas has started 6 posts and replied 35 times.

Post: 19 year old College dropout to start my passion in realestate

Bryan ThomasPosted
  • Realtor
  • Lakewood, OH
  • Posts 37
  • Votes 13

@Ben Swartz hey Ben! I also live in Lakewood, I have a couple opportunities that you might be a good fit for. Sent you an invite to connect

Post: New Investor From Hermosa Beach, CA

Bryan ThomasPosted
  • Realtor
  • Lakewood, OH
  • Posts 37
  • Votes 13

@Jake Harmon hey Jake, welcome to BP.

Clark-Fulton area depends on the street but many people are bullish on the area especially around Metro. Depending on what your looking for I think there’s other neighborhoods nearby that I like better for my personal investments.

Post: Cleveland multi family investing in good neighborhoods

Bryan ThomasPosted
  • Realtor
  • Lakewood, OH
  • Posts 37
  • Votes 13

@Norense Iyahen my ideal duplexes in Cleveland are in C neighborhoods, price between $100-130k, rents between 800-1200/unit depending on either 2 or 3 beds/unit

Post: Cleveland and the 1% Rule

Bryan ThomasPosted
  • Realtor
  • Lakewood, OH
  • Posts 37
  • Votes 13

@David Leggett definitely use this metric at a high level but personally I use at least 1.5% depending on the area. Easy to find deals at 1% in pretty much every neighborhood in Cleveland, Lakewood, etc.

Post: Cleveland connections (contractors needed)

Bryan ThomasPosted
  • Realtor
  • Lakewood, OH
  • Posts 37
  • Votes 13

@Mouna Sow for what type of work?

Post: A duplex for 100k in cudell, Cleveland

Bryan ThomasPosted
  • Realtor
  • Lakewood, OH
  • Posts 37
  • Votes 13

@Ari Hadar I’ve never had an issue renting out in cudell, just need to be cautious with screening, as with any property. And I would make sure PM doing monthly check-ins for at least the first 6 months.

Post: Charge for driveway space?

Bryan ThomasPosted
  • Realtor
  • Lakewood, OH
  • Posts 37
  • Votes 13

@Gino Tomba I rent out garage space to non-tenants and also charge tenants spots in driveway depending on area.

Post: Vacancy % & capEx on multi-family properties in Cleveland

Bryan ThomasPosted
  • Realtor
  • Lakewood, OH
  • Posts 37
  • Votes 13
Originally posted by @Varun Garg:

@Nate Hedrick 

@Bryan Thomas 

Thanks for the response. I did more research on Cleveland, it seems like population in Cleveland is declining at a rate of 0.5% YOY. This is concerning a bit for me from investment stand point (nothing personally against Cleveland). Since this is my first investment, I'm just trying to be cautious here. How has Cleveland turned out for you from investment stand point?

Columbus seems to be good option, any experience on owning a multi-family home in Columbus?

In the right areas, I don’t feel that population decline. Units get leased up within a week and I’ve had plenty of applications to choose from for quality tenants.

@Scott Williams hey Scott I've managed to buy 3 duplexes and a SFH in Lakewood in past 5 years, all multiple offers. House hacked first duplex with fha loan. Shoot me a DM with any questions or can jump on a phone call

Post: Visiting Cleveland Saturday/Sunday

Bryan ThomasPosted
  • Realtor
  • Lakewood, OH
  • Posts 37
  • Votes 13

@Alecia Santiago if still looking I take videos, pictures, FaceTime, etc for my out of state investors. Happy to help