All Forum Posts by: Jeff Koval

@Mary Frazier Thanks for responding. I'm really looking for long term, small multifamily, 2-4 units. With my STR, one of my partners runs it completely, but we are working on getting a property management company such as Evolve to take that over. For me, the more passive and consistent, the better. Our Broken Bow property still isn't breaking even, but I'm lucky to split those costs with partners. I don't want to support a property for a year or so until it starts producing. Long terms just seem more stable to me at this point

@Shiloh Lundahl I couldn’t agree more with your strategy. I have mostly been searching for on market properties and have tried working with a few wholesalers. Nothing has come to fruition with the off market properties. It is something I need to explore more since I’ve been striking out on market. Thanks

@Kerry Noble Jr I wouldn’t be opposed to Central Indiana. I view that as a better market than Cleveland. DM me if you want to talk more. 

Hi everyone,

I got into REI just over a year ago. Since then, I bought a duplex in Akron in October ‘21 that is doing well and an STR cabin in Broken Bow in March ‘22 that is starting to come into its own now. We own our own home and live in Southern CA so out of state investing makes the most sense for us.

Since purchasing those two properties, I have not been able to purchase anything else. I had a triplex in PCB, Florida fall out of contract and lost earnest money due to picking an inexperienced contractor that my lender recommended. 

I’m currently looking at a few different markets for long term rentals, greater Cleveland area, Tampa, Kansas City, and Louisville. There is a bit of the analysis paralysis on my end, but we have lost out on 30+ offers over the past year including 2 this week. I’m just a bit frustrated with my current processes. My wife and I have spent the last year saving and have $120k in the bank to invest. I have a very good job and should have some commission checks in the $200-300k range come in over the next year. 

I’m interested in talking/partnering/working with someone that lives in a market like these and that has some experience. If you’re interested, hit me up. 

Thanks,

Jeff

 Hi Marcus. I have a great PM in @Rachel Sharp. She is a great agent as well in that area. Let me know if you want to talk more about that area and my experience there. 

Hi all,

My partners and I are set to close on a cabin in Broken Bow/Hochatown, OK and are looking for a great cleaner. I have reached out to the Short Term Shop's recommendations with no luck, TurnoverBNB, Facebook, Craigslist, etc. Any recommendations would be much appreciated!

Hey Jordan. Welcome. I'm a former high school teacher also investing in Cleveland Akron area. Looks like you have a plan in place, now it's time to execute! I'm still new to the game but hoping to have my second property under contract in the next couple days. It's been very competitive lately! Feel free to reach out if you ever want to chat. 

Live off your W2 (until rental properties supplement that income) and get side hustles. I pay people to run a summer camp in my area, flip surfboards on Craigslist for fun (I now get to buy a lot more surfboards because of this), and we are now renting out our RV. We are saving/investing all of our side hustle money, commissions from my W2 sales job, and our current rental income while just living off of my salary from that W2 job. No real loss in quality of life and the snowball is starting!

@Tony Capra, I’d be happy to connect. I’m a new investor that just bought my first property, a duplex in Akron, a couple months ago and am looking for my next property now. Feel free to DM me if you want to chat. 

@Evan Polaski Thanks for responding and yes, I am trying to find open or recent eviction cases to reach out to the landlord and see if there is an opportunity to purchase their property.