All Forum Posts by: Stuart Fox

Investment Info:

Small multi-family (2-4 units) buy & hold investment.

Purchase price: $50,000
Cash invested: $50,000

Duplex purchased to add to the portfolio

We are starting to self manage our rentals in Cleveland and other markets and I am looking into Marble - www.rentmarble.com - as a potential virtual property manager.  Does anyone have experience with this new startup out of Seattle WA?

@Jay Hinrichs thanks for reaching out my friend. I have a friend that moved to Hattiesburg recently and I’m going to work with him to buy flips and find 20 plus multifamily deals in this market. Love to catch up - we can even talk about crazy Stumptown 😂

@Ward Conville @Rafael Feliciano @Patrick Thompson I would love to connect with you all since I am starting to invest in Hattiesburg MS.  I buy in multiple states around the country and have a new manager that that will be handling our acquisitions.  Looking for flips and multifamily properties.  Any rehab level from burned down, vacant / trashed, meth homes to turnkey.  Thanks!

Stuart Fox

www.stuartfox.me

I need to connect with a reputable commercial contractor that can handle a major rehab on a 60 unit apartment building in KCK.  This will be a 1.2 to 1.5 million dollar job.  Love any recommendations or directions on who I can work with.

Thanks!

@Stephen J Davis Thank you for the insight.  I know what I have done for my career is in real estate, but it is nothing like buying a 200 unit in Cleveland.  I am forming a team to correctly underwrite these deals to make sure I don't lose my shirt on the asset once purchased.

I’ve been a fix & flip guy for over 20 years now and completed hundreds of flips. I’ve also owned lots of rentals - mainly 1-4 unit deals and a few larger but nothing more than 10 doors

I’m adding larger apartments (30 plus units) to my portfolio now and am focused on very distressed deals - apartments that require 3-5 times rehab compared to the purchase price

Anyone out there have experience with these types of value add apartments?

Looking at one now that I can get for $400,000 with 1.5 mil in rehab. After CapEx work is done we will have 32 apartments that generate gross rents of $30,000 a month

Love the BP communities thoughts on this niche of apartment deals.

I've got a great contractor team that focuses on larger commercial heavy lift deals like this - over 30 years experience so I feel good about the CapEx side - of course management is always an issue that has to be dealt with

I’m focused on these types of apartment communities in Indiana, Ohio and Michigan - so if anyone works in these states I’d love to connect and collaborate

Looking for a solid and reputable property manager for two rentals I own in Goodrich-Kirtland Park near OTC. My current manager isn’t been doing a good job and I need a solid team to handle these two properties. Also looking to buy more in the area

Thanks!

@Federico Gutierrez Good post. I have 6 plexes in Cleveland right now and want to build this portfolio. Always looking to network with other NE Ohio investors. Thanks

Looking to build on a small portfolio of rentals I already have in Cleveland. Any direction helps!