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All Forum Posts by: Jeff Mackey

Jeff Mackey has started 4 posts and replied 6 times.

Post: Tenant Screening Online Software

Jeff MackeyPosted
  • North Olmsted, OH
  • Posts 6
  • Votes 1

That 30 day window is a great benefit.  Do they verify employment and income as well?

Post: Tenant Screening Online Software

Jeff MackeyPosted
  • North Olmsted, OH
  • Posts 6
  • Votes 1

Good Morning Everyone,

I am looking for a little bit of personal insight.  I am placing my tenants in my first duplex that was closed on a week ago.  It looks like this question has been posted many times over on BP and on different sites.  Most of the threads that I found while quickly rummaging through at work were a little dated.  What is the best site to use for background, eviction, credit, criminal checks?  I've seen Cozy, Transunion, Experian, Tenantify, Rentprep, etc.  Really appreciate the personal insight of those that have had success with quality experiences placing quality tenants.   Thanks everyone.

Bob, I was going to suggest the exact same thing.  I would place it into a muni MF.  Even better would be a muni ETF as long as its paying its coupons.  triple tax exempt in most circumstances.

Post: First Deal- Cleveland Market

Jeff MackeyPosted
  • North Olmsted, OH
  • Posts 6
  • Votes 1

This is my first post on bigger pockets. I found the website 4 years ago knowing that I would be returning when I had enough capital to enter the game. I am brand new to real estate investing. I began investing in the stock market 4 years ago. Like everybody else, I have performed quite well and have decided to diversify my holdings with property. I have a ton of student debt to payoff and am looking to have rental cash flow subsidize my payments. My father and I are closing on our first rental property (duplex) in the coming days. Net our mortgage, taxes, and insurance, we should be producing approx. $800 in cash flow. We figure to put aside 20% of this for vacancies and maintenance. I wanted to get thoughts on the west side of Cleveland from individuals that have more experience. I currently live in Lakewood, my girlfriend owns 2 properties on a single parcel allowing us to pay $300 a month. Her purchase was definitely eye opening. The property values on the west side of Cleveland (rocky river, lakewood, west park, bay village, Westlake, etc.) have seen tremendous appreciation over the last 3-4 years. Lending rates are still at a historically low %. We'd like to add another property in the next 6-9 months. Any thoughts on whether individuals are overpaying in the general marketplace? Seems like the average selling price can range from 5-10% over asking and they sell in 24-36 hours.

Thanks in advance for participation

This is my first post on bigger pockets.  I found the website 4 years ago knowing that I would be returning when I had enough capital to enter the game.   I am brand new to real estate investing.  I began investing in the stock market 4 years ago.  Like everybody else, I have performed quite well and have decided to diversify my holdings with property.  I have a ton of student debt to payoff and am looking to have rental cash flow subsidize my payments.  My father and I are closing on our first rental property (duplex) in the coming days.   Net our mortgage, taxes, and insurance, we should be producing approx. $800 in cash flow.  We figure to put aside 20% of this for vacancies and maintenance.  I wanted to get thoughts on the west side of Cleveland from individuals that have more experience.  I currently live in Lakewood, my girlfriend owns 2 properties on a single parcel allowing us to pay $300 a month.   Her purchase was definitely eye opening.  The property values on the west side of Cleveland (rocky river, lakewood, west park, bay village, Westlake, etc.) have seen tremendous appreciation over the last 3-4 years.  Lending rates are still at a historically low %.  We'd like to add another property in the next 6-9 months.  Any thoughts on whether individuals are overpaying in the general marketplace?  Seems like the average selling price can range from 5-10% over asking and they sell in 24-36 hours.

Thanks in advance for participation

Hello new members,

I'm currently pursuing an MBA and have yet to chose a specialization for this degree.  My undergraduate degree is a BS in health science with pre-physical therapy emphasis.  After 150+ hours of shadowing I had decided a DPT program was not going to suit my interests.  I'm very grateful for the shadowing opportunities as they enlightened me to some of the best healthcare systems in the world.  

I'm currently employed for a very small family run start up tech company.  We primarily specialize in communications infrastructure and have partnerships with over 80 service providers nationwide.  We work on both sides of the aisle in terms of B2B communications.  We're a Samsung prestige dealer and I sense a large potential for growth in this sector and with this company.  

Again, I am very grateful for the position as it has afforded me lessons in what it takes operate a small business.  To boot, the owner and VP have provided fantastic mentorship.

Please feel free to contact me with any information or questions.  I look forward to being an engaged member actively seeking all information I can obtain.  

Best,

Jeff