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Updated over 5 years ago on . Most recent reply
Cleveland, Ohio
Hi guys, I am deciding between different cities to buy a rental property.
This is going to be my first and I am thinking in terms of cash flow and ease of finding renters, Cleveland is a good option. I would like it to cost the least possible leaving some capital and cash leverage to buy others later on. Anyway, I have been torn between the east and west side as I see neighborhood grading differs vastly. I would like to stick with a B or B- is possible.
I did look at the various turnkey offerings- the impression I got was they are majorly C/D areas with mostly 1-1.25% rent/price ratio; or otherwise overpriced- i am sure they need to make money too, no judgement there.
So anyway its time I got some boots on the ground help.
1. Have you guys got any recommendations- I guess what I need is an investor friendly agent with a very good knowledge of the market. Someone who don't mind doing the initial screening and send me only the potentially good opportunities.
2. If I were to buy a property that needs repair- how do you guys go about getting estimates prior to making an offer? Do you guys know any reliable contracting companies/pros?
Most Popular Reply
Nithin -
I'm an investor in Cleveland, not a Realtor/Broker. That said, I have multiple crews and contractors that do repairs and work with 2 very investor friendly agents on my flips. I know areas very well, as do my Realtors. If interested, connect with me and we can discuss what you are looking for. I may be able to help.