All Forum Posts by: Shane Kelly

I think this is a really unique angle to take and I think this could work very well in the areas on the East side that you had outlined. Subject-to could be another thing in the same sort of realm that you might want to look into, but I cannot advise much as I only know the basics of it. Best of luck though, and if there's anything you need, reach out.

Congrats! Just be consistent above all else. If you're trying to move forward towards your goals everyday then you will get there in time. I'm a local, and I'm here to help however I can along the way.

Love to hear the progress you've made so far! You seem to really put the work in on the back end and I know it will work out for you in the end. I wish you all the best in your investing!

 We have also been having some difficulties with water in Cleveland. As stated in the quoted reply, the tenants on SFRs are due to pay a quite large deposit that they will receive back if they make all payments, but this can pose a hurdle when they hear this. We've been trying to sort a system that works for the owner and the tenant, and I'm thinking that is just to raise rent prices to include water and advertise as such. Hope this helps.

 Hey Ryan, if there's any questions you have about anything in our city investing related, I may be able to help you out. Shoot me a PM if you need anything!

Hey man, best of luck with this! I'm not sure how useful any information I can give since all of the lenders above gave so good input, but if you need anything that you think I may be able to help with, please reach out!

Cash is king, in that you'll be done quicker, make sellers see your commitment, and some sellers are taking cash offers over traditional financing at discounts. You can get a really nice duplex for about 200k in a B market or a small multifamily for 200k in a C-ish market. Both of which should cashflow nicely. As for BRRRing it, Cleveland doesn't get too crazy of appreciation but if you find a property with enough neglect or is underpriced, then you should be able to stake some equity. 

If you need any information or advice in Cleveland, I'm happy to help!

Parma 3-2's are doing pretty good right now, so putting it up for sale you might be able to get $100k but as people have stated above, it depends on some factors. Obviously you mentioned it needs some capital expenses, so those take from the price, and it could be in a better or worse area of Parma, which can be the difference of $50k in ARV. All in all, your purchase price seems low enough that you may be able to get out of it without spending anything, but it might be close.

Hey! Welcome to the forum. Cleveland can be a great investment market for Real Estate and I hope it treats you well. Nicholas got a lot of the points with where to find groups to meet, so check his resources out. Thanks!