All Forum Posts by: Hassan Muhammad

How is a duplex for $45k and $1k monthly rent too low. In my area (Seattle) to get $1k rent, you're in for $100k plus. This is a good deal all day long.

I've never been to Seattle, but there's something about most west coast properties that makes them the subject of a lot of land speculation. The numbers won't compare to here because all the speculators went bankrupt years ago!

The problem with operating in the ghetto is that your house can get vandalized and stripped with less than a week's worth of vacancy. If your property manager is not vigilant (and I almost guarantee he won't be unless you have found someone that I haven't!) then a lot of damage can happen after a tenant moves out without notice. Sometimes tenants like to take appliances and fixtures with them, and I've even seen them take aluminum windows. This is a little bit too much risk for me.

As for the numbers, they are good so long as you don't have to deal with the above. I've been buying with numbers better than those in far better neighborhoods. (Most recent purchase was $38k with $1200 gross) If you are less sensitive about these risks, there are fourplexes in Buckeye-Shaker that will deliver a 25% cap rate.

Four plex in the Buckey/Shaker Area... do you have any addresses or MLS numbers?

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Ive been in the Shaker/Cleveland area for 24 years... its a nice area!

Property taxes are high in Shaker... but they maintain the city very well.... and its a decent to good school system... and the School system just got a new Superintendent and new principal at the High school ... so well see how things workout!

Best Wishes!
Also my aunt is a Realtor in this area.... and she has been in this area alot longer than me! She may be able to help you out! What exactly are you looking for?

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I would love to get into development! ... Specifically building single family homes in gated communities!

Does anyone know where I can learn more about it?

Thanks

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You may want to hover over the Forums tab ... click Forum Categories.... then scroll all the way down to "Local Real Estate" in Black bold letters... Then look for Ohio.... then Look for the Columbus Forum!

To your success

Hassan

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Thanks for this how to video! Im new to bigger pockets ... and still learning how to navigate through the site! This video was very helpful... please make more navigation videos! Thanks!

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Great Job!

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Yes I have gotten my credit report from the three major ... Thank you for your response.

I was doing a lil research on credit karma and it said that various types of credit will help boost your score... credit cards are one form... car loans are considered installment pay,emts and there was a third kind that I dont remember.... the only bills I Have are cell phone and car insurance and they do not report to the credit bureaus

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Greetings! I plan to buy apx $9,000 car... Should I buy the car using cash or get it financed which will help me improve my credit? .... my current score is 653. Id like to position myself to get some rental properties within the next year.

Also, can I begin now, to invest in Real Estate with that $9k instead?

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All Forum Posts by: Hassan Muhammad

Hassan Muhammad has started 17 posts and replied 98 times.

Post: Cleveland OH investing?

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Post: New Construction Budget for 3 Unit Multifamily in Cleveland OH

Post: MultiFamily

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Post: $1,000,000 net worth at 25 years old.

Post: Should I get a Car Loan to build credit or Pay in full

Post: Should I get a Car Loan to build credit or Pay in full