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When you say Euclid being outside of Cleveland, does that mean the Resident First policy being proposed by Cleveland does not apply to Euclid?

WOW I LOVE THIS !!

i will reach out soon Ari. Under contract for a duplex right now should close late next month

Zoo is free on mondays for all residents of cuyahoga county .

Most insurance companies will not cover a fire caused by knob and tube electrical even if you are insured by them

since she said put all the information out my daughter passed in the Army I've given everything and as a mother on section 8 for over 20 years I'm gonna be homeless so how does that sound for Cincinnati you're making a mom homeless and her daughter Has given her life for her country how does that sound I've had my section 8 almost 3 months and no one wants it And you guys are talking about houses we're just looking for an apartment so I hope this isn't a way to Trump up real estate because it's not a good way this is supposed to help us not to help you

And you all are giving out this information which is good but give us some phone numbers give us some places to call this is all well and good but you're not giving us the context to do it lit

Now this is news to me if rent can be increased through section 8 because they're not telling us that this is bull I'm Finding out a lot of stuff really late that's because section 8 but it's under fire that's why all this information is coming out now but it's coming out too late We're being homeless because of no information And it still goes back to what all those landlords told me they would love to take section 8 but section they don't communicate with them and they don't pay their bills

It's not telling the other truth you can lose your sexual aid by looking for an apartment and not finding one or democrat agreeing to it and you can lose your voucher that wand now they don't even want to extend your voucher now so if you don't use it in The time they say which is so many months you lose it you have to reapply though

And she's right the structure of section 8 that's what I mean by stepping up the game the structure of section 8 is hurting us hurting us So that means there is a stigma there there is she's not in our situation so she doesn't know What we're going through because she's not in it you got to be in it to know it people with section 8 getting ready to be homeless you've got mothers with children with section I'd getting ready to be homeless that was a lady on channel 9 news in Cincinnati Ohio said that such a Negative section 8 is making everybody feel hopeless and homeless

This is what I Hearing from over 20 property owners that did receive section 8 at One time Or consider taking section 8 section 8 don't communicate and they don't pay their bills that's what I'm hearingThat's the truth

Also I had a offer of an apartment and he Want it it a certain amount of money plus the deposit but for that amount of money I'm not even eligible for Section 8 if I made that type of money so you're telling me I have to make 3 times the amount well I wouldn't be eligible for section 8 and he knew it so it was a deterrent it's like an unlegal deterrent which is legally verbally said but nobody can do nothing about it Section 8 need to Step update game this is ridiculous they gonna have to catch up with The Times and what it is times has catched up with them everybody doubt with it because eventually okay we got an apartment possibly but now things are different they got a change with the change so we don't get to be homeless and Cincinnati don't be known as a homeless city

And did they need to make leniency because I've heard of people not getting apartment for was $20 to$10 off that's ridiculous And the market right you have to understand who says that this is the market rate we should always have had capped on renters and that goes to Mike dewine's office our governor if he doesn't put it in the law they can run a monk

This is so helpful that shows that Section 8 has not stepped there game in years that it causes people to lose apartments more than they gain apartments it's almost like a deterrent yes we'll give You about your But they get the government money that funds for us to get the voucher government's money but we're gonna make it hard for Us to get it or not get it at all ridiculous

How is it that the surrounding counties are held to the Local Agent In Charge? Does that mean Lorrain, Medina, etc implemented the same matching policy?

Lakewood is ghetto

Great video

Great team for real estate investors !

Thanks for the info

Awesome content!! I'm an aspiring out-of-state investor and this information was super informative! There are a lot of information I wouldn't have taken into account. So thanks for being honest in this video!

Josh great video do video on point of sale.

What are some other tips you have for getting your properties ready to rent?

Hi, if i put the Mobile Home in the Land ( My Land Property , Not Mobile Park) the Rent is also based in the number of Bedroom or the S8 also consider the Price if I pay for the Mobile Home to be the price of the rent?

super helpful

You need to save wayyy more than .05 for maintenance.

Yeah, keep on voting behind the shower curtain while fascist government (regardless what side) keep on interfering with your freedoms creating some bogus laws...

Thank you for this information, so helpful!

Aha Aha, You expect me to take you seriously. You’re giving advice? Aha Aha. ….😂

HI huys, great team !

Can you get a higher rent if the property has better fixtures and is in better shape, or it's only market rent that is considered. I was trying to contact an investor in Cleveland and he confused me with a renter. I received a list of properties that were very dated, they really looked bad. Does section 8 qualify the property as well as the market rent?

I heard that the rent section 8 pays has to include utilities?

I disagree with buying the duplex being smart. Maybe not at current price levels and interest rates. The yield on a duplex is like 5% in Lakewood, OH (renting both units). The yield is negative if you live in 1/2, rent other half, pay taxes, maintenance, vacancy... Better off buying a dividend paying stock and rent (paying 1-3%, plus appreciation). Lots of companies are buying back their own stock now so the appreciation is legit.

The worst neighborhoods in lakewood are on par with the best areas of cleveland. It's not Cleveland.

🎉🎉🎉

Congrats!

Our property management asking us to sign an agreement to pay for the tenant utility bills, are we as landlord suppose to be responsible for paying their utility bills???

I’m only interested in section 8

I’m looking for my llc a lender

I like your honesty and education about the conditions of the Cleveland properties. I have to say given the older 100+ year old properties plus humidity being near Lake Erie can leave houses in bad shape. Like you mentioned, almost all houses have moisture in the basement which is concerning for rot and mold. As well as questionable structural issues at times. Some homes can be a money pit.

Great property

Is there high demand for section 8?

How are the houses on Wetzel Ave, close to the State road intersection?

Thx you for all the sharing. It does help me from abroad understand more about the property investment in Cleveland.

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Can you use this for a multi fam if you have an itin # and social security number but not a US citizen? also will it be the same interest rate or higher?

I'm looking to invest in a small multifamily in Cleveland. I'm very surprised about the section 8 program taking up to 90 days! I wonder if the office is extremely under staffed or there's an abundance of properties for section 8 than they don't see the need to expedite the process.

Awesome ! Thanks for the info makes me feel better about my property in Maple Heights. I will be looking for a new property manager once my current tenants leave early next year! Thanks for the information ! Hopefully this year I can look to purchase another property out there.

Let us know what questions you have about investing in Cleveland below...

Nice video approach; good pace, seems genuine. I appreciate your willingness to talk about the good and bad in your videos. Having said that, I have a few doubts about what you guys are showing us. I took the time to run your numbers. If one takes into consideration ONLY the factors you guys consider (vacancy, PM, insurance, etc.), my numbers are almost the same (not using BP tools). However, I find this analysis a little over-optimistic. Let's see... After your tour, it seems apparent that it will be necessary to spend some money on refreshing this property if you expect to get $1,400 per unit. Maybe not a lot, but it adds up. And it seems surprising that you can get $1,400 for a 2bed/1bath without central A/C. I may be wrong, so I will trust you guys on that... Most importantly, however, there are "annual", "quarterly", and "seasonal" expenses in running a property (any property) that should be part of the investment consideration. Beyond the 5% you guys allocated for monthly maintenance & repairs of these old properties. For example: (1) annual rental registration ($150 for a duplex in Lakewood-$75 per unit); (2) cost of maintaining an LLC if you run the property through such entity (at least $150/year just to renew the registered agent); (3) seasonal expenses, some of them inevitable like snow removal (especially in the Cleveland area!), but there might also be some landscaping work, especially in Spring, after such a long Winter (and possibly in the Fall as well), and the Fall tune-up of the furnaces - these are all expenses on top the 5% for maintenance & repairs (4) depending on how you get your tenants, there may also be "advertisement expenses". (5) finally, water/sewer bills combined may cost some $120-150/month; in some properties, the cost could be even higher. I wonder how you guys manage to slip the water and sewer bills into the contract if the meters are not separate (in the Cleveland area they normally aren't, separate meters are very, very rare...). Those are things-from the top of my head-that your analysis should consider. Adding all up, the ROI would be considerably lower. In any case, thank you for a very informative video!

Is this only for 1st time home buyers? I own a SF with an FHA loan