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13 October 2024 | 22 replies
A few properties are still registered, you can check them here: https://aca-prod.accela.com/COC/Default.aspxIf you do not have a rental registration, you cannot evict, and eventually they're going to start throwing out fines.To get a rental registration in Cleveland Proper you will need the following: - links attached 1.
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11 October 2024 | 40 replies
While it is totally true you can make it own your own, the question becomes can you afford to (cost of mistakes), how fast are you looking to move without guidance/connections, and do you value being in a community with like-minded people actually making it happen?
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14 October 2024 | 9 replies
To avoid going through the same poor experience, keep reading.Even if someone gives you a referral here, do NOT make the mistake of assuming that the PMC will meet your expectations, just because they met the expectations of the referral source.In our experience, the #1 mistake owners make when selecting a Property Management Company (PMC) is ASSUMING instead of CONFIRMING.It's often a case of not doing enough research, as they don't know what they don't know!
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29 October 2024 | 1 reply
When acquiring a large portfolio of rental properties, what strategies have you found effective for managing or dividing the properties?
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12 October 2024 | 9 replies
But I prefer texting over phone calls also because its a step back and you can always think about how you will respond before sending.My problem is that some tenants find this texting on their phone too easy, and like to have someone to gripe and complain to.
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10 October 2024 | 19 replies
Can I back out?
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21 October 2024 | 3 replies
We're going to furnish the property and I was wondering if anyone has done this, and if so what credit card do you recommend?
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7 October 2024 | 0 replies
How do you feel about a $700k purchase price with a non owner occupied 4plex DSCR loan 3yr prepayment penalty, 10yr interest only 30yr fixed after$560k loan amount (20% down)7.750 par rate with no costs. monthly payment $3,616.66Or pay $22,295 in closing costs and get a 6.375% Monthly payment of $2,975The monthly payment difference between the two is $641.66And when you take $22,295 in closing costs and divide it by $641.66 that will give you 34.5 months (2.89 yrs) to break even if my math is correctHow do you guys feel about taking a lil less than 3 years to break even on $22,295And the seller is giving me $15,500 in seller concessions thank you everybody for your help!!
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13 October 2024 | 2 replies
I’m particularly interested in exploring creative financing options that can help make this dream a reality.
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16 October 2024 | 7 replies
I’m trying to do a BRRRR, but the numbers don’t make as much sense when refi at 80% LTV.