All Forum Posts by: Isaac Rowe

I am not sure what numbers you are using or looking at, on our end ARV is $190,000. we underwrote this at $190k x .75 = $142,500 - $15k repairs = Asking Price of $127,500.

Tenant is month to month don't have to evict. Market rent is $1500, needs little work to get that number. Could do more work and flip it for $210k. 

New deal, Natona Rd, Euclid, 44117

3 Bed (needs a wall put back up - disabled owner had it removed) 2 bath

Walkable attic space

Newer Furnace, HWT, Roof, Insulation, and Windows

Over really good condition

Asking $127,500 - Vacant at Close

Hello! We currently have an off market tenant occupied home. Tenant is month to month and is paying $800/mo (under market rent). It is a 3 bed 1 bath we are asking $145,000. located on Ridgewood Ave, Parma. 

I would recommend, lowering the rent or finding a section 8 tenant.

Hi Vincent, I would not sell that. The initial thoughts I have are... 

1. Just keep it as a rental, check in once or twice a year to make sure everything looks good and is operating well.

2. Do a HELOC on it and then take the money and buy another investment property in New York or or a landlord friendly state or a place you'd like to travel often and then use it as an AIRBNB the remaining time. Keep both properties.

3. Do a HELOC and use step two. Then make sure you leave enough equity in the Lakewood property and sell it after acquiring your next property. Then you don't waste the money on capital gains and still have a rental property.

4. You could sell it on a seller finance/ Subject to transaction. Have an investor make you monthly payments for the $100k in equity and have them cover the mortgage payments. You could even charge interest on the $100k of equity. This will make it a passive investment and you will not have to pay as much in capital gains. 

Those are my initial thoughts. We have investors that would do #4 if you wanted to go that route. 

We have a Tri-Plex for Sale in Plymouth OH on W Broadway St. 

6 bed 4 bath, was used as a triplex, currently used as storage. 

This could be rezoned as commercial.

Asking price is $99,000 we are open to offers. 

We have 4 properties on the West Side of Cleveland that we are looking to sell. 

Puritas Ave, Cleveland, 44135 - 3 Bed 1 Bath Asking $112k

Biddulph Ave, Cleveland, 44144 - 2 Bed 1 Bath Asking $99k 

 W 18th St, Cleveland, 44109 - 3 Bed 1 Bath Asking $75k

Treadway Blvd, Sheffield Lake, 44054 - 4 Bed 3 Bath Asking $195k

@Gary Randle I sent you message. 

Check out this property for sale on Biddulph Ave, in Cleveland OHIO! Really good condition, 3 bed 1 bath 1,600 SqFt. Asking $115,000 ARV $180,000+ depending on rehab level.

Photos ---- https://photos.app.goo.gl/UA988sEHgA6nMgHX6

Call or Text for more information - 440-644-4407