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Updated over 2 years ago on . Most recent reply
New Investor in the Cleveland Area
Hi everyone,
My wife and I are new to the Cleveland area. We are looking to get into the FI movement through real estate investing. Currently, we're resident physicians. We have read a lot of books and listened to numerous podcasts about this and feel confident that this is the path to FI for us. Our current plan is to purchase a MFU in the Cleveland are as a house hack. Thanks for having us here, and we look forward to meeting other members of the BP community!
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#5 All Forums Contributor
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Quote from @Mikhail Heber:
Hi everyone,
My wife and I are new to the Cleveland area. We are looking to get into the FI movement through real estate investing. Currently, we're resident physicians. We have read a lot of books and listened to numerous podcasts about this and feel confident that this is the path to FI for us. Our current plan is to purchase a MFU in the Cleveland are as a house hack. Thanks for having us here, and we look forward to meeting other members of the BP community!
I don't really see why you need to start with a house hack in a multi unit. You are a two Dr household in Cleveland man, it don't get any more affordable than this. Grab yourself a nice single family house on an FHA loan in an A-neighborhood and then buy some B-C grade multi's with 25% down. You'll thank me later.
P.S.
To understand what I mean when I say A-neighborhood, B-C etc...Check out
The Ultimate Guide to Grading Cleveland Neighborhoods