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Updated over 1 year ago on . Most recent reply

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Small multi-family investing.

Anthony Roberts
Posted

Yet another beginner looking to invest in the Cleveland area. I would like to invest in small multi-family houses. Since I'm just starting out I would like to concentrate on cash-flowing properties in C areas. Any areas that have cash flow and have appreciation would be a bonus. I'm going to be in Cleveland on the 29th and 30th of this month with my pre-approval in hand hoping to get lucky. I would like to connect with an investor-friendly agent while I'm there to help minimize my missteps.  What areas should I be looking at? How worried should I be about the lead paint testing?

Most Popular Reply

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1,453
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Patrick Drury
  • Real Estate Agent
  • Columbus, OH & Cleveland OH
1,967
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1,453
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Patrick Drury
  • Real Estate Agent
  • Columbus, OH & Cleveland OH
Replied

@Anthony Roberts
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.

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