All Forum Posts by: Virgilio Blasco

Hi Bigger Pockets Peeps, I have brick building in Cleveland OH that has 4 residential units with a 2000sqft commercial store front spot. Place is 6000sqft total. For some reason lenders are shying away from it for the 30 year permanent loans. Anyone have any insight on the subject. I'd particularly like to know if it's covid related and likely to get better as virus settles.

                                          -Thank is advance for your responses-

Hey @Tim Debronsky, all are duplexes.

I started investing in Cleveland last October and have closed on 5 rental properties, some of which are rehabbed, rented, and ready for refi. Trying to find some options that are not 'no doc 7-8%'. I have strong credit and financials so Im trying to find a smaller local bank willing to work with out of state investor and put me in the 5-6% range, in my ARV range 100k-250k. Thanks in advance for your advise and guidance ; )

@Remington Lyman Thank you 🙏🏽

@Anthoney Hanks Thank you for the warm welcome 🙏🏽

@Ben Halabi Thank you sir 🙏🏽

@James Wise wow thanks for the info! I’m actually a few deals into my out of state push. You have been a great help to me through your videos. I have 2 properties being rehabbed in Old Brooklyn now. I prefer cosmetically distressed properties so I can do the value add rehab myself. Keep me in mind for any opportunities. Thanks again for all the guidance and I look forward to working a deal with you in the future. 🙏🏽

I made my first couple of multifamily investments her in South Florida a few years ago and I've recently started doing some brrrr in Cleveland, OH with my eyes set on San Antonio, TX as well. I've done extensive research and flown out a few times to lock in on the areas I like. I was hoping to get some guidance on how to get money lenders, realtors, wholesalers, handymen and contractors to work with me on some projects. I have a flexible schedule that allows me to fly around as needed and I have chosen my markets in part because I get cheap flights any given day to get to them. I want to move up to 4-10 unit multies vs the duplexes I have been doing to date. I know there are challenges to out of state dealings but between the couple projects I've done in Cleveland and one partner venture in Philly I can say that I honestly don't mind bouncing around for good numbers. I also like the idea of hedging my appreciation bets across a few states.

Hi everyone, I live with my wife and 2 dogs in North Miami. Been a trainer for 17 years and own/operate a mobile personal training company for the last 11 years. Started buy-hold multi-family real estate investing a few years ago here in South Florida and have recently started investing in Cleveland, Ohio with my eyes set on San Antonio as well. This forum along with the bp podcast have motivated me over the last 6 months to start a more aggressive push towards my goals (50 doors in 4 years). Looking to build relationships here to get me moving in that direction.