All Forum Posts by: Tim Bee

I know it's a hot market for cashflow, but I was wondering if I could get everyone's take on Youtuber/real estate HoltonwiseTV. They put out these section 8 rentals each day on their youtube that seem like no brainers for such a low cost. I understand that repairs would likely need to be made but does anyone have experience with them. They do property management and encourage out of state investors to use them. Can anyone give me some feedback or your own experience with Cleveland or HoltonwiseTV property management?

Hey Aaron, here is a resource I would review when checking out the Cleveland market.

https://www.google.com/maps/d/...

I would be careful of the D/F areas and focus on the B/C areas that produce strong cash flow and can be partnered with Section 8 (CMHA in Cleveland).

Hey @Joshua Janus - That's the first map I've ever seen with graded neighborhoods/zip codes for an entire City. Did your company create that map or is that available somewhere on the web for anyone to access? What inputs went into creating it?

Lol - A lot of copy and paste from The Ultimate Guide to Grading Cleveland Neighborhoods.

Thanks for sharing the guide. Has enough changed in the last six year to release a new guide or is this still mostly accurate?

It's been updated a few times throughout the years, as needed, but more or less pretty accurate. Most every area is still the same category in my opinion, although all of them have shifted upwards in cost. Although, that's a given really, real estate everywhere in the USA is more expensive in 2023 than it was back when I wrote the guide in 2015 or so.

I'm trying figure out if I should buy in Cleveland but according to the federal bureau of labor statistics it's got the 2nd highest rate for robbery at 699/100k, 3rd for rape at 128/100k and 7th for murder at 27/100k....

1 Vote

Cleveland, Ohio

You explain to the prospective seller what the real market rate is. Then when they sell for 20% less they have at least been made aware. Not sure how good that would be for your business model. But at least you're being honest.

0 Votes

Miami, Florida

I don't agree with paying interest on loans. They should have interest free loans.

0 Votes

$5,500 per month on a 595K property. That would be good enough for a long term rental. But the monthly income should be about double that for this price on a short term rental. I would skip it. Not enough profit for STR.

1 Vote

Whenever you buy your next SFR your initial criteria should be to make sure it qualifies for the 1% rule.

0 Votes

Warren, Michigan

How much will get make on the deal?

1 Vote

Pittsburgh, Pennsylvania

Nope, unfortunately they don't allow you to swap your current loan rate. It's pegged to the current property and locked in.

0 Votes

Denver, Colorado

All Forum Posts by: Tim Bee

Tim Bee has started 15 posts and replied 171 times.

Post: Thoughts on buying flooded properties as flips

Post: Tampa and Rising Sea Levels

Post: Rental in Tempe (ASU) - Good Idea?

Post: Question about Cleveland

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Post: Blueprint To Scale Single Family Housing

Post: First Wholesaling Deal - What is Next?

Post: Can I use my current interest rate rate for another property?