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All Forum Posts by: Cory Wallace

Cory Wallace has started 2 posts and replied 51 times.

Post: Cleveland still on fire ?

Cory Wallace
Pro Member
Posted
  • Rental Property Investor
  • Norfolk, VA
  • Posts 53
  • Votes 38

I think it will because it appeals to people that live out of state.

Post: How stupid is it to buy in Cleveland in hopes of Appreciation?

Cory Wallace
Pro Member
Posted
  • Rental Property Investor
  • Norfolk, VA
  • Posts 53
  • Votes 38

@Wei Jie Yang I view appreciation as an added bonus. I would not buy a property in Cleveland with the expectation that it will appreciate.

Post: Finding Property Management

Cory Wallace
Pro Member
Posted
  • Rental Property Investor
  • Norfolk, VA
  • Posts 53
  • Votes 38

@Kyle Smith born and raised in Cleveland. East Cleveland is considered very rough. It was nice when I was a kid; however, I would beware.

Post: Negative Cash Flow on Low Money Down

Cory Wallace
Pro Member
Posted
  • Rental Property Investor
  • Norfolk, VA
  • Posts 53
  • Votes 38

@Bryce Renicker if it does not cash flow, I do not think it is worth the risk. I must cash flow from the beginning.

Post: What should I be reading ? ( Recommend your top REI book )

Cory Wallace
Pro Member
Posted
  • Rental Property Investor
  • Norfolk, VA
  • Posts 53
  • Votes 38

@Jason Tassinari I recommend One Rental at a Time by Michael Zuber. He breaks things down in easy to learn steps and he also has a YouTube channel for people to follow. Good luck!!

Post: Agent said not to worry about cash flow and consider tax benef

Cory Wallace
Pro Member
Posted
  • Rental Property Investor
  • Norfolk, VA
  • Posts 53
  • Votes 38

@Nathan Yarnell I personally would not buy a property that doesn’t cash flow. For me, that’s #1

Post: Berea, Ohio - Agents

Cory Wallace
Pro Member
Posted
  • Rental Property Investor
  • Norfolk, VA
  • Posts 53
  • Votes 38

@Austin Johnston Berea is where the Cleveland Browns training camp and practice facility is.

Post: Norfolk Property Manager Needed

Cory Wallace
Pro Member
Posted
  • Rental Property Investor
  • Norfolk, VA
  • Posts 53
  • Votes 38

@Shane Welch you should reach out to Patti Robertson. She’s on here.

Post: How do you deal with tenants that pay you with cash

Cory Wallace
Pro Member
Posted
  • Rental Property Investor
  • Norfolk, VA
  • Posts 53
  • Votes 38

@Jayden Hamilton I would use a system to incentivize them to pay the way you want. If they want to pay in cash there will be a fee added to that charge. Therefore you put the ball into their court.

Post: Area between Union Miles Park & Mt. Pleasant

Cory Wallace
Pro Member
Posted
  • Rental Property Investor
  • Norfolk, VA
  • Posts 53
  • Votes 38

I’m from Cleveland and I would encourage you to do your due diligence. This has not always been the best area.