All Forum Posts by: Jack Kehoe

Jack, 

I'm getting in to investing in the Cleveland market this year as well. I don't know any good contractors at this point but I can direct you to some good real estate agents if you're interested. 

Would this be your first investment or have you done some in other areas? 

Good luck! 

 Hi Jack, terrible idea, why would you want the headache? Do not to it. You do not have a team, I know you trying to build one. Well, it will cost you a ton of money in loses, and aggravation I am not speculating, PM fees are meaningless. Who's doing your repairs? You just going to hire some guy from google , just kiss your money goodby. Who's screening and meeting the tenants? Happy to recommend, I am contacted weekly by investors who " go it alone" as they read books and think they know it all :) and get crushed, ripped off from contactors, tenants not paying, and more. I know investors from overseas, one spent 750k, YES 750k cash, he was told turnkey, well as is there worth maybe 300k.  A woman from CA contacted me just yesterday, she was told she bought a turnkey property. Well, my guys walked it, 20k in work, I referred her to a GC.  for god's sake there was not even a furnace or any ducked work, and NO closets in the BRS, plumbing a mess and more, Terrible.  She is starting in the morning.  I live in the beach in Fl and have done about 500 deals out there. It took me years to get my team. Also how do you know you got a good deal and are where you be, you dont :) ? There is no inventory in Cleveland, for MF for a great deal. I have 2.5 mill, YES mill, looking for MF there are none and I have a huge network. there. So curious where you bought and for what price 

BTW I see you I am direct, ( on ALL my posts) I tell people what they need to hear vs want. 

All the best