All Forum Posts by: Simon Ashbaugh

Sorry, I should have been specific on my situation, but I'm selling my first investment property in Parma, OH. We had an offer that I accepted, but the basement had a significant water leak. I was trying to please the buyers and didn't do much research. The basement needed waterproofing, so I went with the first contractor I found. It turns out that the cost should have been a lot less. I overpaid by $3,000. I found other contractors for less after I hired this person. 

Hi - can anyone recommend solid PM companies in Cleveland? I have properties East and West side.

Ty,

I made an offer this weekend on a property that was priced too high to make a profit. Listed for 320k, with rental comps around $2500/mo, which would cashflow negatively ~$500/mo, no thanks! ARV was 400k on this and it was a 1972 time capsule. I offered $280k and everyone acted like I was stealing out of the collection plate at church. I didn't care, I'm not trying to please the world, I'm making a financial decision that will either reward or hinder me.

My offer would have negatively cashflowed -$1/mo, however the appreciation and equity would have made up for no cashflow so I was comfortable at my offer price. I don't see how anyone was going to make money on this one, so it must have been owner occupants making emotional decisions. 

Is anyone experiencing something similar?

I am selling a duplex we have.  A tenant on one of the sides refuses to allow realtor showings stating that she does not feel safe having someone enter her home that she does not know, I believe this is an excuse since she and her boyfriend are always home when I have been working on the property.  I have even offered to drive over and make sure there are no issues when we have showings.  Her lease explicitly states we are allowed to show the unit with 24 hours notice.

I plan to drive over and allow her to break her lease without any penalties if she feels unsafe that we are selling the property.  The last thing I want to do is make someone feel unsafe in their home.  Though it would just be a licensed realtor and a preapproved buyer entering...

I think I uncovered a black swan when she mentioned that she doesn't want to help anyone's bottom line.  She doesn't know that I own the property, I just ignore my title and they think I'm the handyman.  Curious about what people would do in this situation

Hi all,

I currently live in an apartment in downtown San Diego but looking to start my journey.

I recently was laid off and have had it with working a 9-5. Luckily I have 4 months pay and a large lump sum of money to invest. I told myself I would go 2 months studying long distance investing before I take a new job. I have about $40,000 realistically that I can invest. What is the best strategy? I was thinking about finding a cheap house in the Toledo area as I have family there but would be open to any/all ideas, partnerships, market recommendations. I’m looking for something that can cash flow a few hundred per month just so I can rip the bandaid off and look towards property #2. 

please reach out to me directly or to this post if interested in helping me out. 

Nick 

Hi! I'm a new investor. I own 3 properties. One is a STR in Joshua Tree, second is a cabin near Sequoia, and the third is a vacant lot in JT that I have listed for sale. I am interested in out of state investing (long term leases) and want to learn about the best rental markets out there. Can someone give me tips on where I should start researching? Thanks :)

Greetings All

I’m ready to start my portfolio with rental properties. I currently reside in California, so I’m I interested in oos investing. 

I’ve been looking in Austin TX, Cleveland OH and Detroit MI. What other cities do you recommend for cash flow. I’m only interested in multi family properties.

Ready to build my team, but unsure where to start.

Plans are  to purchase 2 duplex or 1 quadplex in the next 30 days.

Any advice or words of encouragement are greatly appreciated.

Thanks!