All Forum Posts by: Shelley Schlatmann

Thanks Ryan for the heads up on the Meet up! I will Rsvp if we can definitely make it. 

Hello fellow investors!

I have been doing a lot of research into the Cleveland OH area for investing, My business partner and I have decided to come for a visit April 27- May 1st, you know get our feet on the ground. Very excited about the trip. Have heard great things about the city from people that have lived there. 

Investors what have been your pros and cons with buy and hold investing in Cleveland? 

Is anyone doing the BRRRR method there as well?

A huge thanks to everyone that's involved in bigger pockets, I have learned so much and continue to learn something new all the time. 

Cheers!

following I'm also interested in incite from eastside investors

We put a brand new hvac system in including all new duct work and ventilation. it was a 90%efficient furnace with a 2t AC we spent about 6,500 this house was a lil less than 1000 sq ft

Another house we just replaced old furnace and added an 3t ac with a 80 %efficient furnace this cost was about $5.5k . this house was larger too almost 3000 sq ft

These numbers are from Denver Colorado and through small hvac companies.

Thank you for clarification 

Can you sell your house for total debt owed in the middle of short sale proceeding?

I am interested in a home, found out its going through foreclosure as of 10/15, I checked with the county and $171k is owned to lender. House needs work but Comps for rehabbed homes are around $300k. I check with agent if we could buy for what is owed to lender and they told me that it's going through short sale. 

So once short sale proceeding happen you cant sell ? I don't understand makes more sense to sell for what is owed rather than short and have a deficiency judgement against you

This place was sent NED in Oct and they do not have an approval letter from bank yet

Welcome fellow Coloradian!

Hello wanted to introduce myself I think its about time! I have gained lots of knowledge from Bigger Pockets and wanted to thank everyone for their input, Looking forward to this adventure!