All Forum Posts by: Michael Magno

Its all negotiable. Commercial lenders typically don't lend for terms over 10 years in my market.  

@Mike Mocek

Yea absolutely. It’s definitely been a struggle to my scaling my business.

@Jason Gilmore

Couldnt make it this year, but I’m a KW agent in the NE Ohio Market. Serving Cleveland, Akron, Canton, Youngstown, etc.

@Joshua Haynes

Yea definitely. Learned a lot on this one.

@Mike Trzaska I go wherever there is a good deal. I live Medina County, my current project is Akron. I’ve done a flip in Cleveland Heights, several in Akron, one in Seville, and Wadsworth to name a few.

Your only 5 years away from wherever you want to be. 

Dan, I am a Realtor and Investor in the Cleveland area. Feel free to reach out, can tell you about my experience. 

Some the best Realtors around never went to college.  Google Jason Abrams or Jeff Glover.  Both are KW Mega agents, and neither went to college. Both are under 40 years old now, and run some of the largest real estate teams in the country.

Mike, Im a Cleveland area Realtor and Investor, would love to check out your project sometime. 

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $48,600
Cash invested: $40,000

Single Family Home with an ARV of $120K. Purchased from the bank for for $49,000 and have about $40,000 invested. Almost finished!

What made you interested in investing in this type of deal?

Learning and Making money!

How did you find this deal and how did you negotiate it?

MLS

How did you finance this deal?

CASH

How did you add value to the deal?

I own a rental property in the same neighborhood.

Lessons learned? Challenges?

Contractors always miss