My first deal in Cleveland

[Eyal Goren]

First time investing in Cleveland. Is this a good deal relative to the area?

$390 cashflow, ±20% CoC

My worry is that the area is not that great (is it ok?) - the property is based in Garfield Heights - and that my property tax will be much higher.

More details: https://brickbear.ai/share/deal/1/583

[Joshua Janus]

Quote from @Eyal Goren:

First time investing in Cleveland. Is this a good deal relative to the area?

$390 cashflow, ±20% CoC

My worry is that the area is not that great (is it ok?) - the property is based in Garfield Heights - and that my property tax will be much higher.

More details: https://brickbear.ai/share/deal/1/583

Focus on the ARV + your all in as well. Residential RE is based on what your neighbors pay so if you are all in less than they are every time you are doing well