Buying & Selling Real Estate
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated about 1 month ago, 11/01/2024
Advice on Duplexes in Cleveland, Ohio
Hello all!
I'm looking into some duplexes in Cleveland as my first ever property. I've been living around the world for a while, but I'm from Seattle so I'm not familiar with the market beyond the research I've been doing in the forums and such.
For whatever reason, there are quite a lot of duplexes in Cleveland for sale. They seem to be renting for 500-750 per unit and they're selling from 10k on the really low end. I would love to be all in on one for 20-25k cash and bring in 1000/mo as a buy and hold, but that seems way too good to be true. I feel like I'm missing something.
Does anyone have experience in the area with those sorts of units? Are they easy/hard to rent? (Obviously, depends on the neighborhood and I know there is a good amount of crime)
I could fly out to buy/live there for a while to get it fixed/rented since I'm taking a break from work. It would be ideal to be hands on for my first deal.
Any thoughts would be much appreciated!