All Forum Posts by: Lesley Ray

@Danny D. I live in CA and invest in OH, where I was born and raised. I have looked into this, considering CA’s increasingly prevalent fire season. Ohio has been seeing an increase in annual rainfall, which I believe will continue in the coming years. Here is an interactive map that I feel gives some insight: https://www.nytimes.com/intera...

I do believe that in 20-30 years, Midwest markets like Cleveland, Detroit and Pittsburgh will be even more desirable given their proximity to fresh water and they all have existing infrastructure to support larger populations. 

Of course this is all speculation though. 

hmmm interesting! I was looking at a property to flip/BRRR but it fell through

Does any know of a nationwide HML that will accept crypto statements (such as BlockFi or Celsius) to show liquid reserves?

I totally agree with @Dave Stokley, especially on the maintenance front. Any positive cash flow can easily be wiped out from maintenance on these older properties. 

I live in SF now but I grew up in Cleveland. If you’re going to venture into Cleveland or another similar market, my biggest recommendation would be to remember that California is a unique hub. In California you have Ivy League graduates making 6-figures who are long-term tenants. In a market like Cleveland, if someone can’t afford a $70k house there is usually a reason, which can easily translate to them not taking care of your property or an eviction.

Happy to chat further if you have any questions. Good luck!  

with Loansnap Inc?

Hi all,

We are analyzing an opportunity for new construction in Montclair village of Oakland, CA. Does anyone have experience within the past 12 months with new development in Oakland? Specifically pertaining to permitting and cutting down trees. 

I also understand the permitting could very change within the next couple weeks as everything reopens on June 15. 
Any insight would be appreciated!! 

Agreed, paint and carpet seem a little high. Roof seems okay assuming a full tear-off. 

How many SF?

Thanks @Darius Ogloza! I'm in SF but the property is located in Cleveland, OH.

@Duston Gladfelter Any luck finding a bank/lender to do this? I also spoke with PenFed and had a similar experience.