Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here
Pick markets, find deals, analyze and manage properties. Try BiggerPockets PRO.
x
All Forum Categories
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

All Forum Posts by: Zachary Schimenz

Zachary Schimenz has started 22 posts and replied 44 times.

Quote from @Engelo Rumora:

Thanks @Dominique Osborn

I made a decision a few years back to stop getting involved in online banter.

The investor stayed with us for 3 years.

Property was tenanted for over 2 years.

Unfortunately a larger repair was needed.

As much as we do our best, some things are out of our control.

You lost $25,000?

Our company probably lost more in time, resources and putting our hand in our own pocket with repairs to try and satisfy your expectations...

But hey, I don't have a need to tell others how big mine is 👍

You say: "Since then I've talked to others in the industry, and when I mention Ohiocashflow they kinda go "ohhhh......" like "yea, we've seen this before..."

That's interesting, because "others in the industry" have been loosing a tonne of market share (By the hour) with folks jumping ship to our company ever since we opened doors to outside property management.

The grass isn't always greener on the other side mate.

You just need to water your own lawn and not publicly $#%@ on folks that are doing their best for you.

Our office manager was disrespected by your communication and we gave you a 30 day notice to find another company.

Wishing all the best and my apologies we didn't meet your expectations 🙏


 See, full of s*it. First you say "oh, you got a hell of a deal!!!". Then, when asked to purchase the house back, all of a sudden it's "wait, we don't want it for the price we SOLD it at, we want it for the price its actually WORTH."

Just as I thought, won't put your money where your mouth is.

And then to be entitled enough to say "minus everything we did" bro you're being PAID for that. That's your JOB. If you're a garbageman and you take out the trash and get paid for it, you can't go up to everyone like "I took out your trash, you owe me!"

But hey, it's funny when it comes down to it, Ohio Cash Flow won't put their money where their mouth is, so we know where the Bullsh*t lies...

Yea, their "proof" on my supposed "ROI" is based on them sending me an email saying I got a great ROI. Which isn't true. $25,000 bill for repairs, eviction costs, not to mention all the money I lost when the property actually isn't valued anywhere close to the price they said it was.

Engelo and Dominique, If you're not full of #$%, and you ACTUALLY think I didn't get ripped off, then put your money where your mouth is. I'm happy to sell you back the property at the $85,000 I bought it for. And since houses have been appreciating like crazy the last few years, it *should* be worth much more than that based on what you guys say it's worth.

So either put your money where your mouth is or stop lying to people.

Dude they suck. There's a reason they do Cash Only offers - because they sell you properties that are *supposedly* fully renovated, and once you buy them you can't get out of it. I lost about $25,000 through them, will never work with them again

Post: Ohio Cashflow LLC

Zachary SchimenzPosted
  • Posts 45
  • Votes 62

I had a horrible experience with them. Lost about $25,000 on the "fully renovated" house they sold me. Avoid at all costs. 

Don't go with Ohio Cash Flow - they're known to rip off investors, I lost about $25,000 with one of their properties

I had a terrible experience as well. I lost about $25,000 buying one of their "fully renovated" properties (it's in quotes for a reason). There's a reason they do cash only offers.... avoid these guys at all costs

Not true - everyone I talk to about you guys says the same thing - an eye roll and something along the lines of "ya they screw over everybody".

Oh, and that "12% gain"??? Well it's wiped out by 1. the fact that the property is worth less than half of what you sold it to me for (based on the appraisal) and 2. The $26,000 renovation bill I just got hit with when the tenants YOU moved in got evicted (great job on the screening process there).

Oh, and by the way, if I got such a good deal, feel free to buy the property back at the price you sold it to me for. Contact me, I am available at any time. So put your money where your mouth is if you actually believe the things you say (which you don't, of course)

I'll keep this short. I bought a property from them for $85,000. After I bought it the property appraised for LESS THAN HALF that amount. On top of that they promised a "fully renovated property" - then a few years later I get hit with a $26,000 renovation bill when the tenants got evicted (great work on the tenant screening guys). All in all I've lost over $25,000 on this property and will probably lose more before I can get rid of it. But you can see the pics below and make your own judgement.

Since then I've talked to others in the industry, and when I mention Ohiocashflow they kinda go "ohhhh......" like "yea, we've seen this before..."

Post: Property Managers in Toledo Ohio?

Zachary SchimenzPosted
  • Posts 45
  • Votes 62

Anyone know of a good property manager in Toledo Ohio? I own a duplex there, looking for someone to manage it.

Thanks!

Hey, I bought a property in Toledo Ohio a few years ago cash for $85k. Now that home values have been skyrocketing the last few years I feel like I could get a good chunck of money out of a refinance.

How do you go about finding a lender, do you just start calling banks or is there a better way? Or if you have any recommendations on lenders you've had a good experience with in the past that would be amazing.

Thanks!