All Forum Posts by: Vadim F.

Being in the Bay Area, its hard to invest in my own backyard. I invest in Cleveland, where I am I getting a solid ROI. What is also not being mentioned about Cleveland is that it is still appreciating and is experiencing job growth. Also, millennials are migrating to Cleveland due to its growing job market, lower cost of living and decent salaries.

0 Votes

Los Angeles County, California

@Becca F. I don't think Indy is a cash flow market at the moment and is strictly an appreciation play.....this is my personal opinion. If you are looking for cash flow, you should look into investing in other markets where you will get higher cash flow but low appreciation. In today's market with the current rates it is very hard to accomplish both.

Also a 1031 exchange while its beneficial it will also be difficult to find a seller who is willing to work with you. Take the tax hit and re-invest into more properties. The return you will get will exceed the tax you will pay. Again, that is my personal opinion.

0 Votes

San Francisco, California

If you invest in lower income areas, you need to know who your tenant base is and will be. If you are unable to self manage, you need to have a PM in place who knows how to deal with that tenant base. If you have neither, you will FAIL.

2 Votes

Cleveland, Ohio

Quote from @Ben Lasri:

yeah for sure but like what areas

all over where the numbers make sense

0 Votes

Cleveland, Ohio

off market if you're a cash buyer

0 Votes

Cleveland, Ohio

Buckeye Shaker is low C/High D for the most part. The closer to Shaker Square the better and north of Shaker Blvd. The other I would generalize as C class for the most part. Detroit Shoreway being HIgh C/Low B

0 Votes

Cleveland, Ohio

@Nik Frid thats impossible to answer.

1 Vote

Cleveland, Ohio

Quote from @Sino U.:

thanks for replying @Travis Biziorek i know the question was quite vague, but i was trying to understand whether it make sense to invest out of state but not too far from where i live myself.

If not, you're just dumping 25% down on properties and having to service a line of credit at a higher interest rate. Then what's the plan? Pay it down with cash flow and W2 income? It will take a very long time and likely doesn't make much sense." - but when taking a heloc, i would need to pay down the money anyways, which is also from the cash flow and it will take time no? I am a bit confused..

Sec8 is great and super easy to do. Requires a little more work upfront like Travis mentioned but you'll get slightly higher rents and those tenants do tend to stay longer. If you hear those saying Sec8 tenants are a nightmare, its not always true. When you are investing in these lower income markets, you may have more issues with "cash paying" vs subsidized. In the end its all about how you screen your tenants.

0 Votes

Quote from @Christine Wilcher:

Property is $57,500. Closing costs are over 5k.

On a small loan amount that is normal.

0 Votes

Akron, Ohio

All Forum Posts by: Vadim F.

Vadim F. has started 10 posts and replied 333 times.

Post: CMHA-Going on 6 months of them not processing RFTA

Post: Out of State Investing for Californians?

Post: Overleveraging, net worth, cash flow and headache factor

Post: Agree Or disagree and why.

Post: Cash buyers Clevland

Post: Cash buyers Clevland

Post: Cleveland neighbourhoods B class

Post: How much will it cost me to slightly renovate 4 units and 50 units?

Post: Where to search for out of state for newbie.

Post: Interest Rates and Points