All Forum Posts by: Ryan Ingram

I’m not licensed in VA, (so I won’t say use me :)) but I wouldn’t use any of the big names companies for REI. If I were you, I would find someone that has access to Auto Owners, American Modern, or Senaca. You can also check out nreig.com, the National Real Estate Insurance Group. They could be helpful.

Congrats and awesome house, love the molding. Great job on being thorough.

Chris G. Over 70% of homes in Cleveland are rentals. I don’t think new units will negatively impact anything existing. Amazon is adding a distribution center in Euclid, not far from Cleveland. If I’m not mistaken, they expect to add 3,000 jobs to the area. I believe this will positively impact the rental market in the area.

Here is how I would quickly analyze it: I would check rentometer.com and get an idea of the expected rent. Using easy numbers, let’s say the rent is $500 per unit or $2,000 monthly, $24,000 annually. Using the 50% rule, after expenses you can expect to have 12,000 of net operating income. Ask a realtor about local cap rates and divide that from your NOI. So, if cap rates in your area are 10%, 12,000/.1 is 120,000. I would pay no more than 120,000 for the property. That’s my shorthand way to analyze, hope that helps. If not, thanks for letting me talk!

I would check out The Marie Paul Company. It’s operated by Matt Motil , he is big in Northeast Ohio. He also has a podcast, “Cash Flow King.” You can listen to those to get a feel for him.

Great recommendations by @Ozzy Smith. You'd be in good hands with those, Adam.

That sounds about right. Cleveland isn't a terrible area but there probably aren't any true "A" properties in Cleveland. The school districts will generally pull down potential A properties to B. 

As @Antoine Martel stated, Euclid is a solid place to invest. We ensure a few places in the area, I'd be happy to help you with any questions you may have.

Hey! Welcome. The Dayton area is a great place for REI. You have great goals set, and sounds like you’re on the right track!

For some additional information. I believe leverage was one of the items. Man, this is like forgetting the name of a song. I feel it driving me crazy until I figure it out.

Alright BP, Like most of you, I’ve been reading and listening to a ridiculous amount of books. Generally, I take pretty good notes and jot down the important parts I don’t want to forget. Not the case this time. My brain is remembering seeing a list of 5 ways to make money with Real Estate. I thought it was Brian Murray’s Crushing it in apartments. But that wasn’t the case. Any ideas?