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All Forum Posts by: Tyler Scruggs

Tyler Scruggs has started 3 posts and replied 35 times.

Post: Buy & Hold- Cleveland Heights, Lakewood, and Euclid

Tyler ScruggsPosted
  • Rental Property Investor
  • Atlanta, GA
  • Posts 37
  • Votes 27
Originally posted by @Jacob Repreza:

Those are areas that we invest in. Just purchased a home in Cleveland Heights about a month ago and we're now looking at another one in lakewood. Can't go wrong with any of those imo. 

 Okay, thank you! I am going to PM you if that’s okay to learn more. It’s great to know that these locations are favorable to out of state investors as well. 

Post: Buy & Hold- Cleveland Heights, Lakewood, and Euclid

Tyler ScruggsPosted
  • Rental Property Investor
  • Atlanta, GA
  • Posts 37
  • Votes 27
Originally posted by @Bob Collett:

An agent who knows investments will likely be able to give you a good idea of what the property needs and can give you some budgetary costs to make rent ready.  The agent should understand rate of return and be able to discuss realistic target rates of return. They should have some off-market connections. Ask them how many rental property Transaction’s this did in the last 12 months. I don’t really have time myself to work with buyers,  because property management and listings keep me busy.


I can make a recommendation if you like.

Bob

Okay, thank you. This is very helpful to me! I will message you now.

Post: Buy & Hold- Cleveland Heights, Lakewood, and Euclid

Tyler ScruggsPosted
  • Rental Property Investor
  • Atlanta, GA
  • Posts 37
  • Votes 27
Originally posted by @Nate Hedrick:

Hi Tyler, welcome to BP! Definitely recommend an agent who also has investment properties or at least works with investors in the area you are looking. I’ll send you a PM

Okay, thank you. Much appreciated Nate!  

Post: Buy & Hold- Cleveland Heights, Lakewood, and Euclid

Tyler ScruggsPosted
  • Rental Property Investor
  • Atlanta, GA
  • Posts 37
  • Votes 27
Originally posted by @Bob Collett:

HIre a real estate agent that works the area you are interested in and knows investment real estate.

Bob

I definitely will! Do you have any tips on screening real estate agents to ensure they are well versed with investment properties? 

Post: Buy & Hold- Cleveland Heights, Lakewood, and Euclid

Tyler ScruggsPosted
  • Rental Property Investor
  • Atlanta, GA
  • Posts 37
  • Votes 27

Hi!

My name is Tyler Scruggs, I am a soon to be college graduate (May 2020) that will be working in Sales Management upon graduation. I am originally from a suburb in Cleveland (Solon), and plan to begin my initial investments in the Cleveland market as it is the most comfortable market to test in my opinion. 

I have been doing research predominantly on Zillow looking at the listing prices of 3-4 bdr homes for sale, along with the rent prices as well. I have specifically been looking into Cleveland Heights, Lakewood and Euclid. I read the Cleveland guide to real estate that was posted in some of the forums and graded the cities from A-F, and decided that I would like to stick with B range areas. 

I plan to make my first investment soon after graduation, and want to see what successes/failures, advice, etc that people have been experiencing in these areas. Also, if you would recommend these cities, do they cash flow well, or are there any other cities that you would recommend. I would appreciate any and all advice!