SFH Investment in Cleveland

[Shuvrajit Mukherjee]

Hi All,

I plan to invest in SFH in Cleveland area in next few quarters.

This is what I plan to begin my search with:

Type: SFH

Price: Under 85k

Rehab: Light rehab, like fixing walls/paints, floors, painting kitchen cabinets, minor repairs etc

Finance: Should be appraised for at least the selling price or more

Neighborhood: C class or better

Appreciation: Not interested

Cash Flow: 150-200$ pm

Permit: No permit violation

Tax: No tax backlog

(I am willing to go up to 125k, if the property is Turnkey and meets other criteria.)

If you think no properties will fit these criteria in Cleveland, please share your insight, this will help me align my criteria better.

Thanks all. Happy investing

[Patrick Drury]

@Shuvrajit Mukherjee 
I would recommend being in areas on the West Side of Cleveland like West Blvd, Cudell, Old Brooklyn, Clark Fulton, Edgewater, Jefferson, and Brooklyn Centre. The reason is the rent-to-price ratio is good so you can cash flow, and most of the West side doesn’t have a Point of sale inspection which is really annoying.