All Forum Posts by: Michael Swan

I love LVP for rentals.  Looks amazing and cleans up well between residents.   I have about 200 units and whenever possible we for sure replace carpet.  If there is ceramic tile, we don’t take that up and replace with LVP. If the ceramic tile is already there and in good shape, we keep it there between residents.

Swanny
BP OG guest Podcast 238

Hi all,

This is Swanny (guest BP Podcast 238 OG guest) and am really happy with my tax guy Dan Kaminsky. He charges a fair price and I appreciate his work very much and knows my RE. He does my personal taxes and everything for my 10 apartment complexes, partnership returns etc.  

He does my personal California taxes along with those 10 apartment complexes in Ohio.

Message me if you want to talk about him.

Dan Kaminsky in the Cleveland area.  He is my CPA and does all my taxes for 10 apartment complexes I own in Painesville, Mentor, and Akron.

Swanny

Guest BP Podcast 238

I went online and saw a few Multifamily duplex type properties in Shaker Heights for not a lot more than your budget.  You will be getting a loan.  Right?  Not a good use of all that cash in my opinion.

Just be careful.  This is a place you want to live in too.  As I said earlier, there are some scary areas that you will pay a bit less, but wouldn’t be my thing if I was living there and house hacking. 

By the way.  I love me some Lake County too (Willoughby, Mentor etc…) Nice areas to live!!  Most likely tough to find duplexes on the market there.  

I own 8 apartment complexes in Painesville and one in Mentor too.  I would feel comfortable living there.

Have a great one all!!

Swanny OG BP Podcast Guest 238

I would look in Shaker Heights.  Very high property taxes, but really nice area to live and rent out half a duplex or something like that. There are some really sketchy areas in Cleveland for Multifamily, especially to house hack.  Be careful!!

Swanny OG BP Podcast 238 guest.

Hi @Alli Breighner

Yes!! It is open to all.  See you on March 15th.

Swanny

I attend the Beers and Deals meetup second Wed of every month at 401 W. Ash on the rooftop of the hotel.  I have had partners arise from that meetup throughout the years.  It is a well established RE meetup.  Next one is March 15th at 5:30 till?  It is a great meetup and the location is a great setting.  Wear warm clothes.

Swanny OG BP Podcast 238 Guest

The lending agent I prefer is Brian Bruening at Bellweather.  He has done 4 loans for me.  

Tell him Swanny referred you.  He has done all my commercial Multifamily loans.  

Swanny OG BP Podcast 238 guest

I have 10 apartment complexes.  One 57 unit in Mentor. Also, 27 unit, 24 unit, 21 unit, 20 unit, 15 unit, 12 unit, 8 unit, and a 6 unit in Painesville.  Those 9 apartment complexes are in Lake County, Jus about 30-40 minutes east of Cleveland.  I have another 24 unit in Akron.  Feel free to reach out to me to discuss these area.

Swanny OG BP Podcast 238 guest.

Exactly @Carlos Ptriawan

It is passive if you want to lose your ***!! I protect my assets and my family and friends money like a little pit Bull.  You can trust to an extent, but you must have checks and balances and verify everything. I retired from my teaching job 2 school years ago and it is a huge duty, responsibility, and obligation to me to do so!!!

Feel free to pick my brain.  It is my pleasure, honor and privilege to do so!!

Swanny (OG BP Podcast 238 Guest with Brandon Turner and Scott Trench)