All Forum Posts by: Vince Lucas

@Ricardo Kendrick I only see property address but not tax mailing address (for absentee owners).

How are you able to find someones mailing address?

I have a subject to opportunity and not really sure if I have a good deal or not. I would like to hear subject to deals that others have done (including the numbers and exit strategy). Also, what is the risk of bank calling the loan and what happens if they do.

Balance $102,500

As-is value 125k (with minor repairs)

10k repairs ARV 130-140k

25-30k repairs ARV 160k

PITI is 1,000

Market rent 1200-1300.

I would love to hear your thoughts on what would be the best scenario and what you have done with subject to deals. Thanks! 

Rent Ready in Eastlake, OH! BRRRR! High ROI!

Presented by NEO Real Estate Holdings LLC

**** Center Rd, Eastlake, OH 44095

Asking $58,000

Zestimate: $86,499 Rent Zestimate: $1,100 Cheap Taxes (Lake County)

This property is rent ready with updated kitchen and bath, newer roof (less than 1 year), windows, hot water tank, updated electrical, furnace, flooring and paint.

Looking to buy equity in a rental property in a B+ area? Nice BRRRR opportunity! This one will not last!

Call, text or email Vince for more information – 216-672-6119 or [email protected]

*wholesale deal: presenter is a licensed realtor in the state of Ohio and is proffering rights to purchase agreement via assignment of contract. Presenter is in no way acting as an agent or fiduciary for the current owner or end purchaser of this property. Buyer’s due diligence is assumed.

*Buyer is responsible for sellers closing costs which include all title company fees and title insurance

I would like to hear from out of state/oos investors who are interested in the Cleveland market. What areas are you interested in? What type of properties are you interested in? What are you expectations with ROI? What are you finding to be the most challenging or stopping you from moving forward?

Congrats! I have heard nothing but good things about David Terbeek with Remax Haven Realty or Laird with Cleveland property management. If you are not happy with those two (I do not see why you wouldnt be) you can connect with anna from IIP Management.

All the best

Great Eastlake, OH Rental Opportunity! Rent Ready! 16 Year Tenant!

Presented by NEO Real Estate Holdings LLC

***** Roberts Rd, Eastlake

Asking: $57,500

Estimated Market Rent: $900/month

2 Bedroom, 1 Bath Built in 1947 1,066 Sq. Ft. 25,500 Lot

Current tenant has been in the property for 16 years! The tenant is on a 2-year lease and is half way through. Tenant wants to stay!

Comparable Properties

1073 Eastlake Dr $52,150 (REO)

33688 Guilbert Rd $62,000

33506 Willowick $65,000

33861 Beach Park Ave $68,500

33919 Iris Ln $77,000

35185 Beach Park Ave $80,000

889 Waverly Rd $80,000

1055 Woodstock Rd $84,000

35230 Beach Park Ave $88,000

Make sure you perform your own due diligence

Looking to buy equity in a rental property that has a long-term tenant? Nice BRRRR opportunity!

Serious inquiries only! This one will not last!

Call, text or email Vince for more information – 216-672-6119 or [email protected]

*wholesale deal: presenter is a licensed realtor in the state of Ohio and is proffering rights to purchase agreement via assignment of contract. Presenter is in no way acting as an agent or fiduciary for the current owner or end purchaser of this property. Buyer’s due diligence is assumed.

*Buyer is responsible for sellers closing costs which include all title company fees and title insurance

Less to do with the brokerage than it does the actually agent.

I can say that you can still find rentals in the Cleveland area that hit the 2% rule. I just got one under contract in a city where the new amazon fulfillment center is coming and looking to sell it. All the best on your search.

Feel free to PM me. I can refer you to a top producing agent/team in the area.