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Updated over 5 years ago on . Most recent reply

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Lior Golan
  • Investor
  • Tel Aviv, Israel
35
Votes |
83
Posts

Contractor for buying foreclosed property in the east

Lior Golan
  • Investor
  • Tel Aviv, Israel
Posted

Hi.

I am in the progress of making offers on few foreclosed properties in the east (Euclid, South Euclid, Cleveland Heights...). This is my first time interesting in this side, before that I was interested in the west but because I want to BRRRR, and for that I need to pay cash, I was lead to the east. After talking to one of the foreclosed property agents, they mentioned that in these cities, properties under a certain price has to pass a city inspection with a contractor to see what needs to be fixed for the property being livable.

The agent told me that in their company, there are trying to run the city inspection right away but some do not do that.

So I need to find a contractor, that is also licensed in the same cities for the consequences where the property does not have city inspection.

What is the best way finding them?

Thanks

Most Popular Reply

User Stats

486
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464
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Bob Collett
  • Property Manager
  • Brecksville, OH
464
Votes |
486
Posts
Bob Collett
  • Property Manager
  • Brecksville, OH
Replied

Even Cleveland proper requires rental registrar permit. ($35 per unit, soon to be $75 per unit). Most everyone requires a rental inspection.

The problem is that many cities are out of control and some very picky in their demands. The cities with high property tax, high crime and other problems tend to be mor problematic with their inspections. it’s as if they want to fix their problems on the backs of the investors.

Give the west side a second look.


bob

  • Bob Collett
  • Loading replies...