Investing in Cleveland

[Abbas Raza]

Hello everyone, 

I see some good buy and hold deals in Cleveland, Ohio that can, potentially, cash flow well.  The thing that concerns me is the age of the homes.  Most of them were built in the early 1900s.  To those of you who invest in this area, what are your experiences with these older homes?  Does maintenance and capex eat into your cash flow?  How do you go about minimizing this risk?  I am in touch with a reputable property management firm in the area who has excellent reviews and referrals.  This does give me some level of comfort.  I look forward to hearing your advice and experiences.  

Thanks,

Abbas