All Forum Posts by: Simon Ashbaugh

Hello,

I am a new investor located in California and I am looking for my first investment property. I want to transact everything remotely.

I intend to purchase a high-cash-flow property in the Cleveland area. Specifically, I am interested in a SFR with 3-4 bedrooms and 1+ bath that is move-in ready and doesn't need any repairs. I am looking to spend between $60,000 and $80,000, paying cash. Once acquired, I will seek out a PMC to lease it and manage it.

I would like to make this work.

I read through this forum and I saw comments and warnings like “trying to navigate Cleveland on your own”. I understand that I need to be diligent about everything from choosing PMC and tenants, to requiring renter’s insurance and having a very solid lease agreement. What are some of the things that can mess up this plan badly and what can I do to protect against them? Are they Cleveland specific?

Any advice would be greatly appreciated.

Thank you :)

I have 2 properties I have been running for 2 years, I’ve made this my full time job. I got a letter a few weeks ago from the city saying I was to shut them down immediately. I read through all ordinances and learned a lot about zoning during this process, and I believe what they are doing is illegal, and that I am in a zoning area that allows short term rentals, without needing a “conditional use permit” although I am no lawyer and this is all new to me…

if anyone is able to help me out and answer a few questions I would really appreciate it! Thanks!

Ashley 

Hi there!

I'm looking to purchase my first rental single family home but would like some advice. Is it smart to finance the purchase and then hope when it comes to refinancing down the road rates will be lower? My struggle is obtaining enough capital to purchase with cash. I would have cash for a down payment and renovations just not to purchase as well. I'm interested to hear anyone's thoughts. Btw I'm looking to purchase in the Cleveland area for what it's worth. Thank you.

Hello Columbus investors! Over the last year I have purchased 2 rental properties in Columbus (LTR and MTR) and am doing my best to understand the area and investment strategy in general. I am attending BP con next month and would love to connect with any other Columbus or Ohio investors that will be there. Thanks in advance!

Does this make sense? A tenant complained he had a leak from his toilet. The PM sent a handyman and this is what he wrote in the description:

Request: 

My toilet is leaking from the base

Description:

General Maintenance Labor - Had to take the toilet off I
had to put a new flange on had to drill a hole through the
metal put a new wax ring on and put the toilet back on and
sealed it

They charged me 260.52$ for this. Is it a reasonable price or am I getting ripped off here?

I would like to get recommendations for a handyman if anyone has 1 to share either way... I would like to have the option to send someone I know is trustworthy and will not throw random prices every time.

Thanks!

I do not have a realtor license. Currently living in Dallas, TX. Is there a way to get access to the MLS without a realtor license?