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All Forum Posts by: Christopher R.

Christopher R. has started 21 posts and replied 89 times.

Post: Goldsboro, NC boots on the ground

Christopher R.Posted
  • Rental Property Investor
  • Cary, NC
  • Posts 89
  • Votes 10

@Daniel Harnsberger, I know this is an old post, but have you invested in Goldsboro yet. I’d like to get some ideas from you. I just bought a JW Hunter duplex but I am interested in buying more properties.

Post: Raleigh/Durham and Surrounding Areas Meetup

Christopher R.Posted
  • Rental Property Investor
  • Cary, NC
  • Posts 89
  • Votes 10

What time does it start?

Post: Which Cleveland suburbs to focus on?

Christopher R.Posted
  • Rental Property Investor
  • Cary, NC
  • Posts 89
  • Votes 10
Originally posted by @James Wise:
Originally posted by @Christopher R.:
Originally posted by @James Wise:

@Christopher R. as @Chris Martin said you definitely want to check out The Ultimate Guide to Grading Cleveland Neighborhoods as a starting point.

What areas in Cleveland close to North Royalton would you recommend?

More or less every community that boarders North Royalton is nice enough. Thing is many are A-class neighborhoods so generating cash flow will be difficult as the market pricing is supported by owner occupied purchases.

Is Parma a good area for investing? My sister-in-law mentioned that. It's also right next to North Royalton.

Yes, although the prices has increased very steadily so I think there are better opportunities elsewhere. Euclid & Garfield Heights both come to mind. Similar rental amounts, tenant base and housing stock with much lower pricing.

What’s a good price range to be focusing on? Why?

Single family homes renting for roughly $1,000/mo priced around $70,000-$80,000.

Do you recommend single family? Multi?

Both. Just because you like chicken it doesn't mean you have to hate steak.

Wow. Thanks for this information!!!!

I will definitely study Euclid and Garfield heights some more.

If I wanted to study around 4 or 5 areas, among this list, which other 3 areas would you pick: South Euclid, Cleveland Heights, Lakewood, Maple Heights, Warrensville Heights? Why those areas?

 All 5 of those perform well for us, so you can't really go wrong investing in any of the 5. Lakewood is the nicest. The prices are of course the highest because of this. If I had to pick 3 of the 5 I would go with Lakewood, South Euclid & Cleveland Heights. All 3 of those are nicer areas than Maple Heights & Warrensville Heights.

Thanks man. You have been so helpful! I have been studying your blog post on grading the neighborhoods like my life depended on it! 

I will go ahead and remove Lakewood from my list because of the higher house prices and my top 4 then, based on your advice, is : (1). Euclid, (2) Garfield Heights, (3) South Euclid, and (4) Cleveland Heights. Does this look good?

Is it relatively safe to be looking at most houses in those 4 places or is it a street-to-street or block-to-block situation where one street is great for investment and the next one is a war zone?

Post: Which Cleveland suburbs to focus on?

Christopher R.Posted
  • Rental Property Investor
  • Cary, NC
  • Posts 89
  • Votes 10
Originally posted by @James Wise:

@Christopher R. as @Chris Martin said you definitely want to check out The Ultimate Guide to Grading Cleveland Neighborhoods as a starting point.

What areas in Cleveland close to North Royalton would you recommend?

More or less every community that boarders North Royalton is nice enough. Thing is many are A-class neighborhoods so generating cash flow will be difficult as the market pricing is supported by owner occupied purchases.

Is Parma a good area for investing? My sister-in-law mentioned that. It's also right next to North Royalton.

Yes, although the prices has increased very steadily so I think there are better opportunities elsewhere. Euclid & Garfield Heights both come to mind. Similar rental amounts, tenant base and housing stock with much lower pricing.

What’s a good price range to be focusing on? Why?

Single family homes renting for roughly $1,000/mo priced around $70,000-$80,000.

Do you recommend single family? Multi?

Both. Just because you like chicken it doesn't mean you have to hate steak.

Wow. Thanks for this information!!!!

I will definitely study Euclid and Garfield heights some more.

If I wanted to study around 4 or 5 areas, among this list, which other 3 areas would you pick: South Euclid, Cleveland Heights, Lakewood, Maple Heights, Warrensville Heights? Why those areas?

Post: Which Cleveland suburbs to focus on?

Christopher R.Posted
  • Rental Property Investor
  • Cary, NC
  • Posts 89
  • Votes 10
@Chris Martin, thanks! I actually stumbled on that and I am looking at some B/C+ communities. Not sure if they are all good.

Post: Which Cleveland suburbs to focus on?

Christopher R.Posted
  • Rental Property Investor
  • Cary, NC
  • Posts 89
  • Votes 10

I live in the Raleigh, NC area. I mainly do buy and hold and have been focusing on multifamily properties. I have a few multifamily properties here but it’s becoming hard to look for deals.

I have family who live in the Cleveland area. They live in North Royalton. They have lived there for 30+ years and know the area well. My sister-in-law is also a new realtor although she hasn't focused on investors. My family there also have contacts to plumers, electricians, etc. They will be my “boots on the ground “ so to speak. I lived in Pittsburgh, PA once and I'm somewhat familiar with Cleveland.

Here are my questions: 

  1. What areas in Cleveland close to North Royalton would you recommend? 
  2. Is Parma a good area for investing? My sister-in-law mentioned that. It's also right next to North Royalton. 
  3. What’s a good price range to be focusing on? Why?
  4. Do you recommend single family? Multi?

Thanks!

Post: Out of state investors - what market did you choose and why?

Christopher R.Posted
  • Rental Property Investor
  • Cary, NC
  • Posts 89
  • Votes 10
Originally posted by @Bob Prisco:

@Christopher R. of course I own  properties there , dozens. 

 Can you recommend a few zip codes or areas? I am looking for single family or multi family to buy and hold. Thanks!

Post: Out of state investors - what market did you choose and why?

Christopher R.Posted
  • Rental Property Investor
  • Cary, NC
  • Posts 89
  • Votes 10
Originally posted by @Bob Prisco:

@Travis Raila Cleveland of course. It  is the Best overall rental market in America, 2 years in a row ranked by Forbes, Really the last 10 years, but they were not paying attention.  With Amazon taking the old Euclid mall, about 800k sq ft, and now they have a  1 million sq ft facility 20 min away in the heart of everything , seem as though pricing is going even higher. Heath care is booming, as well. Each time I visit I see a new restaurant and just an overall positive " vibe " in the city. The Flats have come back in a big big way, east side, west side, all doing great.  Good luck 

 Do you have properties in Cleveland? What zip codes should I look at?

Post: Service Dog Question

Christopher R.Posted
  • Rental Property Investor
  • Cary, NC
  • Posts 89
  • Votes 10

Hello all! I want to seek advice on a situation I am having in one of my properties in North Carolina.

  • I inherited a tenant in a triplex that we acquired 4 years ago.
  • At some point after we acquired the property, the tenant gets a dog.
  • I advised the tenant that this is against the lease and they said they were just dog sitting.
  • Several weeks ago, I confronted the tenant and they admitted it was their daughter's dog. Their daughter lives with them.
  • I gave them a week to resolve the issue. We thought this was resolved
  • However, my wife discovered they still had the dog. 
  • We sent them a 5-Day Notice to Comply with Lease Agreement
  • When they received the notice, they showed us a document that the dog is a registered service dog. It seemed that they only got this certificate a month ago.

I would appreciate any advice in the situation. 

Post: May Raleigh, NC Meetup

Christopher R.Posted
  • Rental Property Investor
  • Cary, NC
  • Posts 89
  • Votes 10

Might be there.