Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Try Pro Features for Free
Start your 7 day free trial. Pick markets, find deals, analyze and manage properties.
All Forum Categories
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

All Forum Posts by: Tarek Soliman

Tarek Soliman has started 3 posts and replied 5 times.

Post: Any lender leads?

Tarek SolimanPosted
  • Posts 6
  • Votes 2
  • Bigger pockets community, any leads for bank statement loans?DSCR? looking for owner occupied loan in 3 or 4 plex in Cleveland, OH. Using the rental income from other units towards my mortgage payment. thanks

Post: Flipping/wholesale deals in Cleveland, OH?

Tarek SolimanPosted
  • Posts 6
  • Votes 2

I am an architect engineer, fabricator, production designer, a new investor, and a motivated buyer for deals. have been doing my market research, gathering information, and involved in classes along bigger pocket community for over 1.5 years while running 7 airbnb arbitrage for over 4 years and saving capital for STR investment. because of the current market conditions and high interest rates I decided to shift to flipping and wholesale opportunities in different markets! OH market attracted me the most!

 in the look out for with local contractors/agents/flippers who have deals on the market and need capital or potential collab opportunity!

I would travel to Cleveland and have more hands on project if needed! willing to give out my expertise, experience, skillset and time if the deal makes sense and equity/work can be discussed between parties!

As a new investor I am open to opportunities/ideas/information/networking the closer it gets to a collective Goal! c

Quote from @Ricardo Hidalgo:
Quote from @Tarek Soliman:

Looking to invest in out of state STR. realtors who got an existing STR portfolio and understand their market analysis and projections!


 Are you wanting to renovate into str? 

Turn key only? 

What is your preferred cash on cash return and price point? 

Not sure if the marker now can allow %25 COC! if it’s self managed?! My price point would be around 500k 
Quote from @Mark S.:

@Tarek Soliman Be careful who you take advice from and the assumptions you build into your analysis. It has gotten difficult to purchase properties in the markets that have been hyped up that will cash flow enough to make it worth the effort. Not saying it can’t be done but it is not easy right now. People keep buying based on trailing performance instead of conservative forward-looking assumptions and get burned.

How do you choose your first STR property out of state or hometown? I looked into couple of markets and the highest performance ones are either over saturated or the good deals have been wiped out. As my first STR the market these days hasn't been easy to get into! So I need to identify certain markets where I can find potential population or tourism growth and high cashflow, preferably vacation homes.

Looking to invest in out of state STR. realtors who got an existing STR portfolio and understand their market analysis and projections!