All Forum Posts by: Dave Wittig

Good morning, I’m sure someone or a few people are familiar with the Cleveland Ohio rental market for single family homes. I am looking at a opportunity to buy 2 single family homes, one is closer to downtown Cleveland and the other is in west Cleveland I’m told. I was wondering how the rental market is there. Thanks

To get rich and afford anything

To give that money away

Hello all,

I have my eye on a piece of property here in Austin. I am hoping that I would be able to get a steller deal on it, I have contacted a real estate agent to put in an offer on my behalf. 

Catch is I don't have any money right now to put down, I would like this property to be a buy and hold as I think it is in a very good area but I am open to flipping it as well. 

I've contacted a few hard money lenders and my personal bank and they all have said I need 20% plus down. 

I am sure someone on Bigger Pockets has had this problem before getting lending and I am just wondering what you finally did to get lending approved or how you came up with the financing.

Thank you or your responses. 

Dave

@David Disraeli thanks for the reply

Should I create an LLC for my first real estate deal? Or when is a good time to create an LLC?

I bought a piece of land, just a homesite sized less than .25 acre, a few years ago. the property has no house on it. It is a corner lot in a flood zone in an established neighborhood with no HOA, thank goodness. I am not sure how to get a single family house on this property as it is about 4 hours from me.

Does anyone have any experience in this area? I am very new and trying to learn all I can.

Thanks

Dave