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Updated over 6 years ago,

User Stats

93
Posts
20
Votes
Shoshana Shulman
  • Investor
  • efrat, israel
20
Votes |
93
Posts

long distance investing in shaker heights ohio

Shoshana Shulman
  • Investor
  • efrat, israel
Posted

I am looking at 13008 parkhill avenue in ohio. the seller tells me it's near Shaker Heights, a sought after area. I look at the house itself on the internet, and see it's a pretty dicey area, but very close to Shaker Heights. Two out of the three assigned schools seem decent. I also see that there are 7 people living there, and this is a two bedroom house. The seller says the tenants have been there two years and want to stay. I have my doubts about this place. The rent is 650 per month. The total cost of purchase is 37,000 including closing costs, etc., so that's not a problem, but I have my doubts. So, if you are familiar with this particular area in Ohio, please let me know what you think. It is under a management company already. I just think the area and tenants look like trouble. On the other hand, there are similar places in Baltimore that don't put me off as much as I lived in Baltimore and so just feel more at home there, no matter what the area is like. I have an offer in on a house in Baltimore right now, but I don't know if it will be accepted or rejected.

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