Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Try Pro Features for Free
Start your 7 day free trial. Pick markets, find deals, analyze and manage properties.
All Forum Categories
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

All Forum Posts by: Christopher Blanco

Christopher Blanco has started 51 posts and replied 483 times.

Post: What were you before you started in investing?

Christopher BlancoPosted
  • Real Estate Consultant
  • Cleveland, OH
  • Posts 511
  • Votes 345

I am and was a product manager for a fortune 100 company. I hope to change that someday! :) 

Post: My First Yellow Letter Response.

Christopher BlancoPosted
  • Real Estate Consultant
  • Cleveland, OH
  • Posts 511
  • Votes 345

Next! 

Post: Where to Keep Cash While Searching for Next Deal?

Christopher BlancoPosted
  • Real Estate Consultant
  • Cleveland, OH
  • Posts 511
  • Votes 345

Start moving money into a SDIRA, then use your SDIRA to do/partner on deals.  My SDIRA has a Brokerage account attached to it. I can move money in and out of the brokerage as needed to do deals. 

Post: Package deals and assigning costs

Christopher BlancoPosted
  • Real Estate Consultant
  • Cleveland, OH
  • Posts 511
  • Votes 345

Hi @Rob Mcclary, welcome to BP. Fellow NE Ohio investor. 

Post: Looking for someone with Cleveland Experience

Christopher BlancoPosted
  • Real Estate Consultant
  • Cleveland, OH
  • Posts 511
  • Votes 345

I am also open to a cup of Coffee or lunch. I am a new investor, but lived in NE Ohio all of my life. I will send you a connection request. 

Post: Flipping Homes using a heloc

Christopher BlancoPosted
  • Real Estate Consultant
  • Cleveland, OH
  • Posts 511
  • Votes 345

I use my HELOC as cheap gap funding. It gives me a 10 year runway to build capital in my business. I think its a great way to get a decent amount of capital to start off.

Post: How did you find you Real Estate Agent?

Christopher BlancoPosted
  • Real Estate Consultant
  • Cleveland, OH
  • Posts 511
  • Votes 345

Bigger Pockets!

Post: Feeling Frustrated with Flipping (alliteration!)

Christopher BlancoPosted
  • Real Estate Consultant
  • Cleveland, OH
  • Posts 511
  • Votes 345

@John Lopes, @Billy Smith, @David K., @Owen Dashner, @Vince Lucas

Thank you so much for all of your advice. I am going to finish out these rehabs and then revamp my business model going into next year. I agree on the Wholetailing side. I have been reluctant to add that to the mix, but I definitely see the value in that. I also agree in the Marketing side, I need to increase that. With the probate cases, after I whittle things down to zip codes that makes sense, and cases that actually have properties, I am getting about 100 new leads a month. Each month I get 4-5% return calls and about 15% of the calls turn into deals. While that isn't bad, with only 100 letters a month I need to multiply that 10 fold to make a business out of it. I am going to add driving for dollars and other marketing to the mix to increase the chances of purchasing properties. 

Post: Feeling Frustrated with Flipping (alliteration!)

Christopher BlancoPosted
  • Real Estate Consultant
  • Cleveland, OH
  • Posts 511
  • Votes 345
Agree 100%.  For example, the 2nd house probably would not make a good rental, as I rehabbed it to sell. 

Originally posted by @Michael Plante:
Originally posted by @Jassem A.:

I usually buy low with no intention of selling unless the profit is golden. I keep repair costs low by doing only what is actually needed and doing the work myself. Usually it will be under 5-10k.  I rent for slightly below market so that tenants stay long term and so I don't have to deal with as much turnover. I see this strategy as less risky than flipping unless you have very reliable contractors and numbers.

 For us we need to know if we are fixing up to rent or sell

Completely different rehab for renters compared to buyers

And we even refine it more if selling is it a outright sale, a rent with option to purchase or a sell while holding the mortgage. 

Different level and cost of products workmanship and detail depending upon which of the above we plan on doIng. 

Post: 4b 2ba - Cleveland Heights Brick Cape Cod for Sale!

Christopher BlancoPosted
  • Real Estate Consultant
  • Cleveland, OH
  • Posts 511
  • Votes 345

Fedrico, 

Thanks for your response. The average rent in the area is around $1200. The roof, furnace, windows are all less than 5 years old, the AC is brand new.