All Forum Posts by: Richard Schubert

Quote from @Ryan Arth:

Quote from @Richard Schubert:

Quote from @Regina Blake:

Hi, yes Ohio is a great place to invest in real estate. Congratulations on your investment properties. Best of luck!

Thank you! It is just my luck but been trying to land a deal for months and as soon as I do 6 others including one that would be a great flip comes around. I need to save up some cash quick 

 If you are finding properties that fit your model, but are short on capital, consider offering opportunities for investment to people in your network who have capital that isn't earning anything. Everybody wins. 

Yes for sure!

I have heard there is a large shortage of section 8 housing in Youngstown. There are really nice areas all around Youngstown and some higher end burbs. I decided to start investing in Akron but I have looked at plenty of houses in Youngstown. I just never found a property manager there.

Quote from @Regina Blake:

Hi, yes Ohio is a great place to invest in real estate. Congratulations on your investment properties. Best of luck!

Thank you! It is just my luck but been trying to land a deal for months and as soon as I do 6 others including one that would be a great flip comes around. I need to save up some cash quick 

Thank you all so much for all the support! I definitely appreciate it. I have a hand full of deals to look at as soon as I replenish my working capital. Hopefully I will be shouting about the 3rd purchase soon.

Quote from @Brandon Becsi:

Quote from @Richard Schubert:

Quote from @River Sava:

Congrats Richard!

What methods of fianncing have you been usuing to grow your portfolio? Private capital, conventional, non-conventional, etc?

The first one is a conventional loan through Newrez . The second i purchased with cash. In the near future I may look at another conventional or a dscr. I have spoken to Beltway about a dscr as I have yet to find anything local that provides those.

I have a killer contact that does DSCR nationwide, let me know if you want her info. Shes a wealth of knowledge.

Absolutely, thank you!

Quote from @River Sava:

Congrats Richard!

What methods of fianncing have you been usuing to grow your portfolio? Private capital, conventional, non-conventional, etc?

The first one is a conventional loan through Newrez . The second i purchased with cash. In the near future I may look at another conventional or a dscr. I have spoken to Beltway about a dscr as I have yet to find anything local that provides those.

Quote from @Ryan Arth:

@Richard Schubert Congratulations. Buying a second property puts you in an even smaller percentage of the population than you already were in. 

Are you local? 

Thank you! Yes, I live in Kent currently and have lived before in Akron, cuyahoga falls and portage lakes. Right now all the deals seem to be in Akron, but I search all of summit county and portage county 

Quote from @Brandon Becsi:

 Great job! Do you use private capital to purchase homes?

 Thank you! This home I purchased with cash. In the future I would look at most any method if the numbers made sense. 

Congrats! 

I'm under contract for my 2nd SFH in Akron, Oh. Found a really good deal on a 2 bed 1 bath older home in pretty decent condition. Inherited a tenant who has been in place for 2 years . Just toured the house today and it was in better condition than I expected. Needs some new windows in the near future but overall the previous owner had set the home up pretty well with a nice big newer bathroom, solid countertops, hot water heater and recent siding. Probably replace the wooden porch down the road sometime but happy with my purchase. Going to hold the two I have long term and try to add 2 or 3 per year. Already saving up for a 3rd house.