All Forum Posts by: Michael Craven

 I'd second Springfield in particular (I'm biased though since I live there)

Welcome!

I like PC Title Pros- they are pretty investor/wholesaler friendly.

Welcome! The three C's in Ohio (Columbus, Cincinnati, Cleveland) are good typical midwestern cities. There are also smaller cities like Dayton (which I have invested in) and the smaller towns. Each one has its pros and cons. I would recommend looking into Springfield, Ohio, too. I just moved back recently (I was born and raised in Springfield) and there is a growing push to revitalize the city after a long decline. 

Fantastic, great work! The house looks great

Welcome Brandon! Feel free to add me to your cash buyers list. Good luck jumping into the Dayton market!

We used Brown's Pools and Spas out of the Atlanta area to deliver and install a hot tub to our cabin in Morganton. It was pretty easy working with them and they shared their prices up front.

Speaking for Blue Ridge, we had a hard time hitting 100k gross rents for our 4-bed. 
We had a pretty traditional cabin which seems to be a favorite for Blue Ridge-Goers. I know some investors were able to surpass that figure, though. We definitely could have done better managing/optimizing/marketing which in today's market plays a HUGE role in how a property performs. 

This is awesome!

Hi Steve, I can't say for sure without knowing the actual numbers you are running but most properties across the US will not get 7-10% COC right away anymore. With rent increases over time, they might. Many long-term rental properties (with today's interest rates and prices) will not cash flow. There are cash flowing deals out there still on the long-term side but they are harder to find than a few years ago. So, having a very low or negative percent COC just means it is not cash flowing or it is losing money.