All Forum Posts by: Joe Cantanzriti

@Nate Bartow

I'm in the market as well for a property management company in Youngstown. I haven't yet talked to anyone but I've got 2 on my list for interviewing and doing a little research on; Geisler Realty & Steel Valley Homes. Let me know if you do find out anything one way or another but any others. 

@Kevin Izquierdo 

First of all, anything is possible in the real estate game. . You just need to shift your perspective a little bit. 2 conventional 100k loans I probably unrealistics but if the deal is good enough there is always a way to get creative with it. Grab an 80% loan from a bank and fill in the gap with private money or a partner possibly. If the house you're looking at is going to be purchased at 200k but it's worth 300k once it's fixed up then you might have a lot more options vs if the house is only actually worth the 200k you're paying for it. 

@Zana Blue

No earnest money deposit? Q

@Maurice Hopkins 

Grab a copy of @Brandon Turner 's book through bigger pockets on Investing with no and low money down that he has through the site. Certainly a great read to begin to expose yourself to the possibilities that are out there. Or just go into the search on the site and type in no money down and you'll have a pledger of information to sift through on the topic. 

@Nate Klatt

Welcome, glad to see more Northeast Ohio people joining up.... sounds like you might need to chat with @James Wise , He seems to be on top of the Cleveland market especially since you mentioned turnkey. Check out his podcast too, show 127, it's a pretty good one.

@Account Closed

I would have to lean towards scenario B personally.... I'm here in the Youngstown area as well, Boardman actually, and though I agree that we are very unlikely going to see an appreciation in most all of the surrounding areas I do think that for the most part the values won't drop significantly over a short period of time. We don't and haven't really ever had the large swings that other areas have had in property valuations as we just really never have a demand change, it's been pretty darn constant even through the crash we were only slightly affected as we were already in a "depressed" area. Depending on where your properties are of course, I'm going to take a guess and say that you've got them on the West Side being as the prices would match and it seems that for whatever reason in my experience the Canfield guys dabble the most on the West Side of Youngstown. So if that's true, I'd hold them.... the West side has been very stable and at those prices you should be able to make the numbers work with rent & your cash out refi so the long term strategy makes the most sense for you. Though I do question your plan with the 50k cash out through the refi.... I'd talk to your banker to make sure they realistically think that you will be able to pull something close to that number out on the property. In my experience the appraisals on cash out in the city have been a bit lower than market value and then 75% LTV or less at that... so you might be looking at pulling 35-40k out instead of the 50k that you're hoping.

If you do have a great cash-out situation with a banker, certainly let me know who you used as I'd love to find a better one for future properties for myself.

@Nicole (Dunlap) Pendergrass

Sounds like you've probably done all of the obvious searches already on this one..... I've had some luck in the past going through the secretary of state business search website which could tell you some additional information about a contact for the owner..... of course this may only be helpful if the property is actually held in some sort of business entity as opposed to an individual. 

If it's an individual, I once tracked someone down via social media.... facebook in that case... and just messaged them and it worked out quite well to open up some communication with a divorce situation that was in bankruptcy in that particular case.

Just some thoughts..... hope that helps!  

@James McIntosh

 Welcome to the site, glad to see another Youngstown face here. Certainly let me know what kind of properties you may come across here in the Youngstown area as I'd be more than happy to talk to you about them.

Welcome! Glad to add one more to team Ohio! 

Hey Guys.... I'm a Realtor and new investor here in Youngstown. A friend of mine runs a brokerage here called Geisler Realty and their main focus is property management. The guy who runs its is Dan Geisler and certainly tell him I sent you his way if you happen to call. I don't have properties with professional management but it's certainly in my future plan as I collect a couple more. I don't know all of the details on his company but it'd be another option to call and interview. If you do happen to start using him or anyone else I'd love to hear your opinions on them.