All Forum Posts by: Simon Ashbaugh

I'd be happy to talk about Cleveland with you! it hits all three of those criteria and the entry price is pretty low

 To identify a market look at what you can afford, what your long term goals are, and whether cashflow, appreciation, or a mix fits that goal best. Once you've identified a market, build your core 4 https://www.biggerpockets.com/... A good investor friendly agent should have connections to the other 3 people on the list. 

Id recommend looking at midwest markets right now. 

Columbus OH is the fastest growing metropolitan area in the midwest with decent cashflow, and appreciation 8% higher than the national average. Cleveland is incredible for cash flow, with around 60% of households occupied by renters. Happy to chat more in-depth on these markets if you shoot me a DM!

You should check out the CHAMP loan from first financial bank! I'm looking to use it soon for my own owner occ duplex

How much more would you pay/put down? I'd rather spent an extra 30-80/month and have a few thousand liquid, personally.

You could do a HELOC. I think house hacking is the best way to get started personally, but that all depends on your income. If you like your house and can afford to keep it and buy other properties why not!

 yeah, thats new everything. this number can be cut significantly, but thats what ive seen or mid-grade remodel, 8-12 cabinet kitchens

Cleveland would be a good place to start, inventory has slowed a bit, but I do a lot of cold calling and have been able to keep a steady flow of deals. It's really good for cashflow, so if that's your goal it'd be a good place to start! The city of Cleveland doesn't require a pos but some surrounding municipalities do. Happy to chat more on the subject if you shoot me a message!

kitchens usually run around 15-20, I havent dealt much in exterior painting but id guess 3k. rooves run anywhere from 6-9k on average

 Reach out to some contractors and ask what they charge for certain items. I spent 10 years in the business so i just kind of have the costs in mind. Generally a duplex will be 4-5k for interior paint, $1.50-$1.75/sqft for LVP labor, you can typically plan on 7-10k for a full bath gut with a tile tub surround. A lot of guys charge $50-75/door hung/cased. Prices will obviously vary greatly depending on the operation but hope this gives an idea!

 If its a double you could always try with on unit just to see!