All Forum Posts by: Michael Frabotta

@Preston Gealy I am a waterproofing contractor in the Cleveland, Ohio area and I will tell you to do it from the exterior. The additional $$ is worth it and let's be honest would any of us want to buy a property with a bandaid repair? Do the right thing and waterproof from the exterior and it will benefit you in the long run always.

Thank you for the kind words.  It was definitely challenging during the pandemic with price increases/long delays for materials but the hot housing market sure made it all worth it.  

Investment Info:

Single-family residence other investment in Willoughby.

Purchase price: $47,000
Cash invested: $315,000
Sale price: $442,500

Bought old house and demolished. Build new single family home.

What made you interested in investing in this type of deal?

Great Area and Across the street from High School

How did you find this deal and how did you negotiate it?

MLS and with a realtor

How did you finance this deal?

Private Lender

How did you add value to the deal?

Built new

Lessons learned? Challenges?

Build during the pandemic

Hello All!  I am looking to take over a single family rental property from a family member who doesn't want to sell but doesn't want to deal with finding tenants and all that.  I was wondering what is a good app to post listings, screen tenants, collect payments and all that without having to hire a property manager right away.  I want to be involved in the process and do the work myself and see how it plays out.  I am local to the property, which will make it easier.  What are your thoughts?  Thanks.