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Updated about 10 years ago on . Most recent reply
First-Timer in Cleveland
I am looking at a 6 unit building in the Cleveland. This is my first purchase of a multi-unit (I have only done single family) and I was hoping there were other experienced investors that could give a newbie some advice. I have analyzed it many different ways and it seems good, passed inspection, all rented up, etc. , the financials look great even at 10% R&M estimate. Just wondering if I am missing something.
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James Wise
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James Wise#5 All Forums Contributor
#5 All Forums Contributor
- Real Estate Broker
- Cleveland Dayton Cincinnati Toledo Columbus & Akron, OH
Maple heights is low end but has a pretty strong rental market. I prefer other areas of greater Cleveland but do not think there is anything horrible about Maple Heights.