All Forum Posts by: Chad Schaper

Quote from @Bob Stevens:

Quote from @Chad Schaper:

Quote from @Bob Stevens:

Quote from @Brandon P.:

@Remington Lyman @Joshua Janus

 I know Josh,( and 99% of the " players " in town )  he will agree with my assessment 70k MAX, this is not a good area with low rent. 

I am netting almost $1,000 a month off this property, $890 to be exact. Although you say the rent is low, it seems decent to me. It is in a rougher area, this is clearly not an appreciation play. I do own other properties in the area code 44135 which are my appreciation plays. I buy both areas so I can maximize cash flow and appreciation in my portfolio. What other asset you can find that only cost $75k and pays you almost $1k a month??

 I can get as many as I want, just picked up 9 more doors in the last two weeks, ALL with 20% net caps or better, 

I wish you the of luck, but 121k is crazy high for this area. 3 blocks or so west its a war zone. If it was closer to EDDY, and North maybe 100k,  

BTW the new owners' taxes are going to be about 1500 more then yours, 

890 hmm, what about lawn snow, repairs, well I was only off doing rough numbers by 80 bux a month, pretty good LOL, 

Although we are in some disagreement about this. I love the insight and perspective of you. My goal is not to keep investing in these dilapidated areas. I am 27 with 3 properties, I eventually want to get into apartment buildings. On my next deal I would love to run it by you. 

Quote from @Bob Stevens:

Quote from @Brandon P.:

@Remington Lyman @Joshua Janus

 I know Josh,( and 99% of the " players " in town )  he will agree with my assessment 70k MAX, this is not a good area with low rent. 

I am netting almost $1,000 a month off this property, $890 to be exact. Although you say the rent is low, it seems decent to me. It is in a rougher area, this is clearly not an appreciation play. I do own other properties in the area code 44135 which are my appreciation plays. I buy both areas so I can maximize cash flow and appreciation in my portfolio. What other asset you can find that only cost $75k and pays you almost $1k a month??

Hello,

I purchased a duplex for $75k and it rents for $1,375. The property is professionally managed and rents are rising in the area. Next year we will be able to reach $1,500 to $1,600 in rents. A new opportunity has arise and I am willing to sell it for a 12% cap ($121,000). 

Please let me know your thoughts on the property. Link below:

12706 Iowa Ave, Cleveland, OH 44108

I am sorry to everyone that has been contacting me. We picked a project about two weeks ago, but this opportunity will come up again in a few weeks. We are looking to pick a couple of projects the next go around. Stay posted!!

@Molly Malloy Yes, email me. 

[email protected]

Is this still available?

Will provide funding. Looking for an experienced house flipper (Must have done at least three flips) The more experienced, the more compensation. I am specialized in Texas market but will change area to where ever you have experience at. 

Is this still available? 

Hi Ben, I am interested.