All Forum Posts by: Rich Ganim

Cleveland (and its surroundings) are really fruitful right now. We are currently working on projects all around Cleveland and if you choose wisely, you can be successful. The key is your boots on the ground if you're not going to physically be here at all. There are plenty of people that will simply just sell you a property which isn't what you're looking for presumably. 

Hey Erin! I thought I'd touch base to see how your dreams of investing are coming along. 

Hey Robert! What are your investment goals here in Cleveland? There is a lot of opportunities here depending on goals. Would love to connect further to discuss the opportunity.

If you were going to take the property down to the studs and do a complete remodel, then sure, go ahead and waive the inspection because at that point you're only keeping the shell. With that said, if you're not doing a full rehab, an inspection is your friend - 9/10 times. Patience is huge in this game. Keep writing offers, keep looking for opportunity. The right one will show up. Don't force a deal just to get it done. It's gotta make sense and you need to protect your investment.

Replace the fan with one that has a stronger pull, tie it into the light switch so it's always on when the light is one and look into adding a window. The fact they are paying under market value isn't really relevant, though it's awfully nice of you. At the end of the day, doing something is going to preserve your assets. It's a no brainer in my opinion. 

I think for the right opportunity, and with the right goals, there is an investment opportunity anywhere. It just needs to work for you and your objectives.

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $115,000
Sale price: $282,000

We took a century home, took it to the studs and completely rebuilt it.

What made you interested in investing in this type of deal?

There is a charm in the century home community in the Cleveland, OH neighborhoods that need to be restored.

How did you find this deal and how did you negotiate it?

Door knocking with cash offers

How did you finance this deal?

Cash

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

We always bring the industry with us.