All Forum Posts by: Rik Patel

@Chaithra Kumar Where are you looking to build this?

Hi @Account Closed ! I'm an out of state investor as well, message me and I can help guide you with more information! I just closed on a duplex and flip last year in Cleveland.

Hi All! Just curious to hear everyones thoughts on how to make the front of this house appealing. I wanted added a front porch, however, I don't want to get a permit and go through that process as I really want to get in an out of this project without getting the city/architects involved.

So far it will have a light gray paint and a new wooden fence but I still think it looks plain and won't appeal to a millenial buyer?

@Kiran Raj PM me, I have some properties there, I can give you some more information on the area.

@Brian Garlington Hey Brian! I have a duplex in Cleveland Heights and they have a portion covered under the CMHA. Next year their leases are up, however, doesn't the CMHA evaulate how much they're going to pay based on the market conditions? So if there is a recession, won't they decrease the rent they're willing to pay?

Hi All! 

I'm closing on a flip in Ohio and I wanted to know if it's worth setting up a legal structure for it? I'm buying it in my personal name and plan to sell it in my personal name. I'm not sure if a structure is needed since I'm selling it either way? What about in the future if there are construction defects, should I protect myself for that?

Looking forward to your input! 

Thank you for your opinion Scott! I really appreciate the detailed advice @Scott Smith

Thank you! What if I signed a document with the bank when I was closing that I won't quit claim a property? @Scott Smith

@Deb S. Got it! Thank you

I have considered that , so are you creating a separate bank account for rent collection and funds for expenses? Is it just a regular checking account ? 

@Deb S.