Hi all,
Good day.
I have a couple of rental properties in Cleveland that I want to liquidate. I’m wondering if anyone can help/advice me how to go about it. I’ve contacted a realtor in the US, but I felt it’s the wrong market. I think it would be better to sell it to another investor. I’m not looking to gain any profit, just want to get my capital back, even willing to take a loss. The properties are making a positive return but I need the money to make a deposit on a local investment.
1 Property is a 2 bedroom Condo Unit, which I bought for US$25000, and currently renting for $625 a month.
Another is a duplex, with I bought for $55,000. The lower unit is 2 bedroon, rented for $650/month and the other unit is 3 bedroom, rented for $750/month. Total of $1400 a month.
Thanks a lot for your time.
Please contact me at [email protected].
Cheers,
LotteHi Lotte – I know quite a few people on the ground that can assist you, but in the meantime reach out to Engelo who works in the area – he may have a yellow ladder story to assist you :)
Cheers Ivan
Redwood | REDWOOD | SMSF | PROPERTY | FINANCE
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Hi Lotte – I know quite a few people on the ground that can assist you, but in the meantime reach out to Engelo who works in the area – he may have a yellow ladder story to assist you :)
Cheers Ivan
Thanks Ivan,
I believe that Lotte bought C class turnkey properties at those prices and it will be very hard to get the invested funds back.
Lotte,
Please feel free to email the addresses and I have a few contacts in Cleveland that might be able to assist.
Unfortunately I have my hands full with numerous ventures and can’t dive into this one.
Thanks and have a great day.
ps. Ivan, look out for our Yellow Ladder Christmas editions haha
EngeloRumora | Ohio Cashflow
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Lotte… you may want to put this on the website called ” bid 4 Assets” its like an E bay for RE and one off investors such as your self can list and sell your properties there it will also give you a good indicator if you have sellable properties and at what price.
AS Engelo states C class properties although easy to buy are very very tough to sell If your not a marketing or promoter of same !
Ivan,
Have you seen the latest Yellow Ladder? lol
I remember you saying I should button up my shirt in a previous video?
Is this better?
haha
Thanks
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This reply was modified 9 years, 3 months ago by
EngeloRumora.
EngeloRumora | Ohio Cashflow
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3rd video to the right :)
EngeloRumora | Ohio Cashflow
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I just had the displeasure of watching this one.
Looks like the shirt buttons are undone and you ditched the pants – showing off the Croatian thunder thighs :D Pretty scary stuff mate.
Why the hell are you wearing a superman shirt.
Sounds like all is well there Engelo, and you are doing well and lets hope the winter storms don’t knock you over.
Chat soon
Cheers Ivan
Redwood | REDWOOD | SMSF | PROPERTY | FINANCE
http://redwoodadvisory.com.au
Email Me | Phone MeSMSF - PROPERTY INVESTMENT - WEALTH CREATION AND FINANCE SOLUTIONS
hahaha
Steadily growing the business.
We are now fully licensed and insured with our very own in house property management and Realty company.
Mr Hinrichs was instrumental with advice over lunch in Chicago.
We followed his exact words with hiring an in house broker in order to legally run in house property management and we added on a realty company lol. We have 2 agents on board thus far.
So hats of to Mr Hinrichs :)
Just got your email.
Will give you a call :)
EngeloRumora | Ohio Cashflow
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I sent you a pm lotte74, I may be interested.
That is important our business in Orlando is fully licenced. Make sure that whoever you deal with is qualified. More importantly look at there experience and track record.
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This reply was modified 9 years, 3 months ago by Nigel Kibel. Reason: spelling error
Nigel Kibel | Property Know How
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Hi Guys
can someone please explain what a c class property is?
or is there a link that explains the difference between a b and cthanks
Hi Guys
can someone please explain what a c class property is?
or is there a link that explains the difference between a b and cthanks
Hi Saturday,
Please feel free to read a blog I write about the different asset classes in the US.
http://www.biggerpockets.com/renewsblog/2014/06/28/abcs-real-estate-asset-classes/
I hope you find it useful :)
Thanks and have a great day.
EngeloRumora | Ohio Cashflow
http://ohiocashflow.com/
Email Me | Phone MeF@#$ THE REST WORK WITH OHIO CASHFLOW TO INVEST
thanks Engelo
great summary
the only comment that does not make sense to me (based on Aussi real estate) is that in class A property where the majority is owner occupier i would have thought that increased demand and therefore rental income as the renter would have limited supply to choose from?Not really Saturday as there would only be the odd rental here and there. The yields would be similar to the Australia market so it wouldn’t be worth the risk either IMO.
Its a different world here…
Thanks
EngeloRumora | Ohio Cashflow
http://ohiocashflow.com/
Email Me | Phone MeF@#$ THE REST WORK WITH OHIO CASHFLOW TO INVEST
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This reply was modified 9 years, 3 months ago by
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