All Forum Posts by: Nadeem Alamgir

Welcome to BiggerPockets Manuel! 

Hey Ali, marketing the property yourself could be a smart move. The BiggerPockets forum is a great place to start. You’ll likely connect with local investors who are actively looking for deals like yours. Also, Facebook groups geared toward real estate or house hacking can help you reach younger investors looking for deals. 

As for reaching out to agents, I suggest connecting with buyer's agents directly. The benefit here is that good buyer agents often have a list of buyers actively looking for off market deals. This way, you might get an offer without the hassle of listing on MLS and dealing with the typical cold calling or showings. You can also use agent finder on BiggerPockets to identify experienced agents who specialize in investment properties.

Hey Claire, since your property is paid off, a HELOC or cash out refinance could help you access equity to fund another property. If you're looking to finance a rental purchase, a DSCR loan could be an option, as it focuses more on the property's income rather than your personal credit score.

In the meantime, you can get your current property rent ready while also working on improving your credit. Boosting your score doesn’t take long, and there are services that can review your credit history and help you increase it within a couple of months. I know many of these services seem shady, but once you vet them out you'll find someone legitimate that can give you the full run down. Best of luck! 

That's awesome, congrats on successfully purchasing your first out of state property and finding a great agent!

Hey Curtis you should check out Brandon Turner's Rental Property Investing, it's a great book to start with. The BiggerPockets podcast was really helpful for me when getting started as well. 

Guest breaking down their markets and strategies gave me a lot of insight. You might even find an episode featuring an investor who's killing it in your market. Definitely worth exploring.

Best of luck!

Welcome to BP Amber!

You're right Shaker Heights and Cleveland Heights have some of the highest property taxes in Cuyahoga County. The required POS inspections become one added layer to closing a deal, but as you’ve seen, some properties come with completed POS, while others require repair escrows that can add up to around 10-20k. If the seller handles the repairs, it’s usually not an issue, but you want to verfiy what your lender requires.

Cleveland Heights checks a lot of your boxes (hospitals, strong tenant pool, walkability, and appreciation potential). It also tends to have larger, well maintained duplexes compared to other areas. Shaker Heights is great for owner occupants but is generally pricier and has more restrictions on renovations.

Welcome to BP Evan, congrats on all the closing so far!

Ideally, you want the comps to be within a 10-20 year age difference. This ensures similar construction, plumbing, electrical systems, and design. While it's still possible to use older comps if they’re in the same neighborhood, you’ll need to adjust for differences in condition, renovations, and updates. 

Welcome to BiggerPockets Jeff! 

I can point you to right direction Neal!