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19 February 2025 | 29 replies
It's tough to give a definitive answer without knowing your specific investment goals (cash flow, appreciation, etc.) and preferred strategies (BRRRR, wholesaling, etc.).However, since I'm a Cleveland native and active in the real estate market here, I can offer some insights on why Cleveland could be a good fit:Affordability: Compared to many other major metros, Cleveland offers a relatively low barrier to entry.
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11 February 2025 | 4 replies
Sometimes, unseen issues (like major repairs) end up costing more than the discount you negotiated.Final Thoughts•If there are no major rental restrictions, and the numbers work based on rental comps, this could be a great first investment.
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4 February 2025 | 24 replies
My tenants had late payments, but they were eventually made whole—credit where credit is due.Another standout moment was in 2021 when a major winter storm hit the area.
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23 February 2025 | 3 replies
Location and desirability are two major factors in the success of an investment property.
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21 February 2025 | 32 replies
I was clueless and didn’t know what I was doing, but was determined to make 10k/month profit off RE.
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15 February 2025 | 14 replies
that we’ve learned in our 24 years, managing almost 700 doors across the Metro Detroit area, including almost 100 S8 leases:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+ (roughly 5% probability of default), zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680 (around 10% probability of default), some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.
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23 February 2025 | 246 replies
Are there some investors who are making enough profits to participate or are these new investors?
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19 February 2025 | 1 reply
A major lesson learned was the importance of being a genuine human being in your interactions with others.
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11 February 2025 | 0 replies
This house has several major issues wrong with it but there are 2, I am unfamiliar with. 1.
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21 February 2025 | 5 replies
We've got a lot of med students at UAMS and students at Bowen Law as well as 3 major Amazon hubs.