All Forum Posts by: Mavely Pazmino

I'm currently looking to 'interview' property managers for future use. After going through many of these forums, I don't see recommended PMs' information listed on these forums since its "against BP rules".  

Any suggestions of reliable PM in the West Cleveland area? Thank you in advance! 

 Hi would you be able to share with me as well? 

Wow,  Thank you for this insight, its good to know! 

Hi all, Need some insight into these two markets. 

Im from NY and looking to invest out of state for obvious reasons. Read a few forums about the same topic but they're from about 4+ years ago... My dilemma is deciding which market for cash flow with a low entry: Cleveland versus Columbus markets for buy & hold, duplexes or SFH in B/C class neighborhoods with a low entry. Much of the research ive been doing has been pointing me towards Cleveland for 'low-cost' entry and good cash flow for a duplex, but not much appreciation here and a declining population. However Columbus has much higher job market, great appreciation but an 'okay' cash flow [unless I decide on a SFH], and a much higher price point for entry,

My criteria:   Turnkey,  Either a Duplex in Cleveland OR a Single family in Columbus,  $100K for Single Family, or $160K for duplex, interested in Cash flow. 

- Are there specific B/C-class neighborhoods i should look into or avoid?
- Pros/Cons to either city?
- Is $160K turnkey for a duplex reasonable in Cleveland? or $100K for a SFH in Columbus?

- Repairs in these houses since i know a lot of them are old?

- What are average returns as far as CoC and Capex in either city?

Thank you all for the great insight. 

Hi all, 

Im from NY and looking to invest out of state for obvious reasons. I've been in the "analysis paralysis" state for a few years now and i think im finally ready to take the jump into real estate investing. I'm looking at the Milwaukee market for buy & hold duplexes in B/C class neighborhoods. I'm looking for cash flow and not appreciation (even though this would be great). Ideally id like a turn-key duplex and looking to use a Debt Service Coverage Ratio (DSCR) loan to purchase the rental. I was looking at duplexes in Riverwest, Harambee, Old North Milwaukee, North Division, Arlington Heights, and Wauwatosa. Trulia crime map and other real estate apps no longer have the crime maps.

1. If not turnkey- then I've also considered duplexes that need light cosmetic work ($5-7k), but what can i expect from subcontractors in Milwaukee as far as completing a job/prices?

2. For those that have invested in these areas,  what can i expect to see as far as maintenance expenses, capex, turnover/vacancy rate, property management fees, utilities, types of tenants ?? Any specific points i should consider about these neighborhoods? 

3. Is  ~$125k turnkey for a duplex reasonable?  

Thank you in advance! =)