1st House Hack in Cleveland

[Nathan Bischof]

Looking into doing my first real estate deal with a house hack in the Cleveland area. Ideally in areas on the west side of downtown such as Lakewood, Ohio City, Brooklyn, Kamms Corner. I am leaning more towards a single family property and renting out the remaining rooms with a focus on a property where I can add an extra bedroom, but am open to a multi family unit as well. I have saved enough to either do an FHA loan or a traditional 5% loan if I can get approved for that; and save the FHA for potentially my next house hack. My main concern is the higher price points in the area and not being able to cash flow well enough down the line. If anyone has any recommendations on real estate agents to get in contact with or advice on any other aspect of my house hacking journey I would greatly appreciate some expert advice.

[Diego Hodge]

@Nathan Bischof I agree with @@Remington Lyman on the multi family. You have more flexibility and higher revenue potential. Message me and I’ll connect you with an agent, if you are still looking, that is familiar with that side of town.

Best of luck