All Forum Posts by: Nicholas Misch

Hello, 

I was hoping someone could connect me with a realtor or property manager in the Cleveland, OH Market - I am evaluating several properties, an I was hoping someone could point me in the right direction to find out the Market Rents for my Area of Cleveland? I just would like to make sure im evaluating property (any help would really be appreciated) 

My understanding is that any property registered as a rental in the City of Cleveland (not suburbs) must get an inspection. Not sure what you mean by "how serious is it?" Are you asking if they are actually going to enforce it? If so, it certainly seems like they intend to.

You can read this thread for more details of my experience: https://www.biggerpockets.com/...

Hi! 

I have been dealing with lots of off-market properties in Cleveland, OH. but cannot seem to find a reliable boot on the ground to handle the photography part of it all. I usually catch a flight and try to handle certain things on my own but that is not really an option these days. I know there is a service provider (Velocity REOs, Inc.) that offer many packages depending on the need of the client. I would love to know if anyone on BP has used these services before and if you may share your experience with us, that would be great. I read some great reviews online so far.  Also, if anyone may highly recommend a reliable person in the Cleveland, OH. area that can provide paid "boots on the ground" services, that would be great.  Thanks in advance! 

@Nicholas Misch

Thank you Nicholas! At the moment I am currently taking all that theoretical knowledge and applying it to finding my first deal.

Podcasts are another great way to learn, too!

Hi Tanner, 

As a newbie to real estate as well, I can give you some of the books that have helped me a lot over the last year. 

"How to Invest In Real Estate" Joshua Dorkin and Brandon Turner

"The Book On: Investing In Real Estate With No (and low) Money Down" Brandon Turner 

"The Book On: Rental Property Investing" Brandon Turner

"The Book On: Managing Rental Properties" Heather and Brandon Turner

"The Multifamily Millionaire" Volumes I and II Brandon Turner 

"The House Hacking Strategy" Craig Curelop

"ABCs of Real Estate Investing" Ken McLeroy 

I will also include some books not related to real estate but related to personal development that I have found value in. 

"Atomic Habits" James Clear

"Never Split the Difference" Chriss Voss 

"Bluefishing" Steve Sims 

"How to Win Friends & Influence People" Dale Carnegie 

"How to Win Friends & Influence People in the Digital Age" Dale Carnegie and Associates 

"Can't Hurt Me" David Goggins 

"Extreme Ownership" Jocko Willink, Leif Babin 

"The Mindful Athlete" George Mumford 

Hope this helps you get started!

Cleveland seems like the best overall rental market STILL for more the 10 years,,,, Who else is buying there ? 

Hey Guys,

Does anyone any good attorney they can suggest in the Cleveland, OH area for anything real estate related?

Thank you!

I don't think an investor should expect a big bump in value as a result of replacing mechanicals. There is some value added when your property has a new roof, furnace, electrical, etc but you don't get a dollar for dollar return on these or any other rehab items....more like 50%-60%. There are reports you can easily find on the internet that will show you what % return to expect for various repair items. Even a kitchen or bath remodel won't return even 100% of your investment by itself.....having comps that have the same improvements you do and buying the property at a discount is vital to executing a BRRR strategy. the latter is very difficult to do in this market.