Everything posted by smith
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Ohio Restaurant Reviews
Yup! My sister and brother-in-law! Nice to hear the positive feedback @Htsguy! I’m obviously biased but my favorite place in town. They put out a great product in an awesome environment and treat their employees well... as to the comment on the booths, they just had them redone so glad to hear that feedback too.
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Off Topic
^ While not very attractive, that's actually quite common around the Cleveland area at least.
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Cleveland: Forest City Enterprises News & Info
I was fresh out of college, looking for a career in real estate but had no experience and naively didn't really know how to find a job or what exactly I wanted to do. My aunt knew him and setup a meeting for me with him. I don't recall much about it besides his office. He was gracious with his time and after we met for a while, he sent me to talk to another executive. Nothing came out of it, but it was nice of him to take the meeting. One thing - I didn't get a "gift" that people always talked about!
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Owning Rental Property in Ohio's Cities
Huh. I’ve been on opposite end of a 1031 and wouldn’t have guessed it would be that expensive. Figured it was more an accounting expense than an expensive lawyer’s expensive. Aberdeen could be different than Cincy LLC. You own all your stuff with same LLC? Going on third property with all different LLCs. Granted I have partners.
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Personal Finance / Investing Thread
I invested $1,000 into FundRise a few years ago just to try it out. It pays quarterly returns/dividends. As first, it would send me the money, but they changed and let you reinvest it now. I just checked the account... I invested the $1,000 in Dec 2015. All-time dividends paid are $272, with YTD 2018 of $93. So really, decent % returns. I would put more into it, but I've been more focused on direct real estate investing. FundRise essentially acts as an online REIT. That said, I don't know about smallchange, but FundRise is not very liquid. I can't just cash my entire balance out.
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Cleveland Relocation: need neighborhood, school recommendations
I have several nieces and nephews in the CH-UH school system and all are doing well. If you have active, involved parents, there is no reason kids won't thrive in the school system. As far as crime - it happens everywhere. I lived in Hudson when I was in high school and kids would go into cars and garages and steal stuff.
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Amtrak & Federal: Passenger Rail News
I hate Julie. I've never used the Amtrak 800 number. At least not in this century. What problems are you having with the website? You might consider https://www.wanderu.com/en-us/ I've been thinking about taking a train trip - maybe to Montana, although prob not this year at this point. Does that website have premium cabins on Amtrak? I can't find it. It looks like that website's fare is $35 cheaper than on Amtrak site for the coach seat and was wondering about premium. EDIT: check that, when clicking the fare, it ends up showing same price as Amtrak website.
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Cleveland Heights: Development and News
^^ Who is Cedar Lee Development? Obviously just an LLC, but I'm curious who is behind it. I heard it might be Snavely. Also, I'm not a pessimist, but ZERO chance this breaks ground in January. ZERO ZERO ZERO.
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Cleveland: General Business & Economic News
This is just a sexy quote. I doubt this is about a specific company. Also, no offense to Adams Lynch, but I believe they specialize in multi-family properties, typically in the suburbs. To my knowledge, not exactly a company working with large corporate players.
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Weird Real Estate Listings
More than likely it's banked owned and could even be occupied, thus reason no one has taken interior pics.
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Cleveland: General Business & Economic News
Doesn't the county sell a vast majority of its property tax liens? Or did it stop doing this at some point in the past few years? The County continues to sell tax certificates, and is selective in the areas in which the certificates are sold. For example- I can't tell you how many properties on the southeast section of the city are $30,000, $40,000, even $50,000 behind in property taxes without a single lien or tax foreclosure assigned against it. Meanwhile, if a person falls behind in a more prosperous area of the county, you can pretty much guarantee that the property taxes will be sold. Don't they only sell a package of the liens? If you could buy individual ones, I would.
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Cleveland Heights: Development and News
Hey all - I, along with some partners, will be buying the old firehouse at Silsby and Lee and it is available for lease... PM me if you know anyone interested. The fire pole is still in there!
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Cleveland: Natural History Museum Renovation and Expansion
Why do my federal tax dollars go to highways in Alaska?? I've never been there!!! B.S.!!!
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Cleveland: Restaurant News & Info
I disagree. In my experience, C.H. has many programs (and good loans) available for small business owners. I'm disappointed about this closure and used to love to go there - but that's my point, USED to. I haven't gone very much in years, for really no reason in particular. I guess maybe just more options and I do different things now. Serious question - what could/should C.H. have done about this? I'm not speaking of this particular business in general. They need to manage the parking situation. From what I remember, all of the parking is coin meters. They should modernize the payment method of the parking. The Cedar-Lee neighborhood used to allow free evening parking which was good for the theater and other businesses. In their wisdom, they decided nickle and diming customers was more important than a thriving business community, They have started to modernize it, but yeah they could improve. My understanding is you can't just switch out the meters - they need electricity. They city does currently do one free weekend a month in all the business districts.
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Cleveland: Restaurant News & Info
I disagree. In my experience, C.H. has many programs (and good loans) available for small business owners. I'm disappointed about this closure and used to love to go there - but that's my point, USED to. I haven't gone very much in years, for really no reason in particular. I guess maybe just more options and I do different things now. Serious question - what could/should C.H. have done about this?
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Personal Finance / Investing Thread
Yeah, at your age go as aggressive as possible - risk adverse or not. You have a LONG time until retirement and can handle the swings. And if the market takes a dip, you'll be buying low. Also - 2% employer match while better than nothing, is pretty terrible.
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Cleveland: Suburban Crime & Safety Discussion
Hmm...wonder why there's no description of the suspects? Get out of here with that crap. Go back to Cleveland.com
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Seattle area
Go to The Walrus and the Carpenter for fantastic oysters.
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Cleveland: Random Development and News
Are you referring to Newmark Knight Frank? They acquired Grubb & Ellis, who already had a presence here, a few years back when many commercial brokerages were consolidating.
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Cleveland: Ohio City: Development and News
^ Eh. I'll take the Schvitz over that any day.
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Owning Rental Property in Ohio's Cities
That's insane. A 6-7 cap will get you an absolute net leased single tenant national credit retail property (i.e. basically no management required). Completely insane. You can buy a Walgreens with 10 years left on the lease for 6-7 cap. I'd never buy multi-family at a 6-7 cap unless is was in a market that you were expecting significant appreciation, which typically isn't Ohio. But maybe that's just me.
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Cleveland Guardians Discussion
I also like the name Spiders. I think I suggested it to Scott Raab on twitter once and he didn't like it at all because apparently we had our worst season ever when we were named the Spiders. Ha.
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Cleveland Cavs Discussion
Not saying that isn't true, heck I hope it is, but is Stephen A Smith the only one reporting that? If so, I wouldn't put too much into it.
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Ohio: Casino / Gaming Discussion
That's crazy that Northfield is the highest grossing. I've been to Thisledown, which also has slots. I know the slots are where they make their money, not horses, but Thisledown has thoroughbred and Northfield has harness. Last I heard, you couldn't bet triple crown races at Northfield. It surprises me that Northfield would be making that much more than Thisledown. Don't they both have just slots? Does Northfield have more or something? I'd personally think that Thisledown is in a better location for people of NE Ohio to go to, or am I wrong on that? Could it be the music venue contributing to that?
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Orange Village: Pinecrest
The only thing saving University Square is a wrecking ball.