All Forum Posts by: Zachary Caudill

Hello, I have a 15 unit apartment building and I would like to sell it but I do not want to list it with an agent to avoid paying a high commission percentage. Where should I market the property and how? 

Is renting by the room legal in Cleveland, OH? If so, where would I find the information on the regulations?

What’s the Best mistake that’s ever happened to you? How did you use it?

I bought Quickbooks for the desktop for my rental properties. I have been watching videos trying to learn how to use quickbooks. I’m

Having trouble applying it to real estate. Does anyone have have any sources of information or specific videos I can look at to help me learn this system? Thank you

@Percy Andre silva

Congrats!! We have done two 203k loans so far and the best thing you can do is be very very picky about your contractor. Use someone who has done multiple 203k loans in the past. Also use a lender who has done many 203k loans. Ask the lenders for contractor recommendations- then ask the contractors for recommendations on which lending company to use. It’s a very difficult loan for the bank because there are so many moving parts. I believe it is definitely worth doing if you are willing to put up with all of the extra hoops to jump through. Good luck and congrats again on taking action.

We are closing on our first apartment building! (Only 15 units) but it is in a low income area where not all of the tenants have bank accounts. What is the best way to collect rent without driving to the property every month and going door to door? We are self managing for the first year so no property manager. Should we have them mail in their rent checks?

@Anna Gogos

Do not underestimate the power of Facebook marketplace. Really really good tool that I think is not talked much about. You just have to be careful because Craigslist and Zillow hide your identity where fb marketplace will not.

@Nathan G.

When I speak with the local banks, is there anything you recommend bringing to them? Like outlines/ summaries of past deals, etc.?

How do I find lines of credit and not just the companies that “find” it for you (apply for credit cards and charge 10%)?

Looking for investor meet ups in Cleveland, OH. Does anyone know of any?