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All Forum Posts by: Noam Ofan

Noam Ofan has started 11 posts and replied 98 times.

Post: How is the Vegas market for SFR, MF or AirBnB Investments?

Noam OfanPosted
  • Investor
  • El Cerrito, CA
  • Posts 108
  • Votes 26

Thanks @Michael Robbins

Post: How is the Vegas market for SFR, MF or AirBnB Investments?

Noam OfanPosted
  • Investor
  • El Cerrito, CA
  • Posts 108
  • Votes 26

@Michael Robbins, can you please elaborate a bit on your example?

How much in rehab work would raise the rent to $1500-$1600?

what kind of condo are you talking about? BR, BA numbers? size, etc.

How much is HOA in this type of building?

Thanks

Post: Reasonable cap rates for SFH in Euclid or Parma?

Noam OfanPosted
  • Investor
  • El Cerrito, CA
  • Posts 108
  • Votes 26

thank you all for your input. 

In short I’d say I believe that if you are looking to invest in a rental for the long run then you should go with a B property. In the long run, between vacancy, maintenance, tenant pool and appreciation potential I think B properties make a much better return. 

But of course you never know what will happen 5, 10, 20 years from now in an area. B neighborhoods can turn into D’s and D’s can become A’s, etc. 

Post: Reasonable cap rates for SFH in Euclid or Parma?

Noam OfanPosted
  • Investor
  • El Cerrito, CA
  • Posts 108
  • Votes 26

Thanks @Al Blazek. What should one expect the numbers on a SFR investment rental in Parma to be?

What's your "ideal deal" ? And anywhere else in Cleveland area for that matter.

Post: Reasonable cap rates for SFH in Euclid or Parma?

Noam OfanPosted
  • Investor
  • El Cerrito, CA
  • Posts 108
  • Votes 26

@Bob 

@Bob Collett , would you mind sharing why you prefer Parma?

Post: Sfh #6 in cleveland first off mls deal

Noam OfanPosted
  • Investor
  • El Cerrito, CA
  • Posts 108
  • Votes 26

congrats on your new purchase. 

May I ask who is managing your renovation and hiw you got a scooe of work done for you?

Post: Looking for Cash flow in Indy with Small Muti-Family Units

Noam OfanPosted
  • Investor
  • El Cerrito, CA
  • Posts 108
  • Votes 26

@Bo Kim, why do you say 2-4 unit properties are more scalable than SFR ?

Post: Quitclaiming a Rental from my personal name to an LLC ??

Noam OfanPosted
  • Investor
  • El Cerrito, CA
  • Posts 108
  • Votes 26

@Bob Collett, I don't live in OH and don't manage my properties. Hopefully I never have to go to court in OH, but I'd most likely get an attorney if I had to go to court whether the property was in my name or an LLC.

Most of my properties are in Cuyahoga and one is in Columbus, OH. 

Do you have an attorney you can refer me to? I'm also worried not to trigger the Due-On-Sale Clause on the properties I have financed, so I guess I need someone who has experience with that.

Thanks. 

Post: Quitclaiming a Rental from my personal name to an LLC ??

Noam OfanPosted
  • Investor
  • El Cerrito, CA
  • Posts 108
  • Votes 26

Does anyone here know of a company who will help completing the process of switching my rentals from my personal name to an LLC?

Some of them have loans on them and others don't. 

Thanks.