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Updated almost 10 years ago,
Guidance on Property Age in Greater Cleveland Area
Hello. I am attempting to move past the analysis paralysis phase and am looking at SFH properties in the $100k range in the greater Cleveland area, i.e. Lakewood, Barea, Shaker Heights, Bedford.
I am working through an on the ground agent who is investor friendly.
Looking at the properties, I'm noticing many are built in the early 1900s, 1917 to 1925. There are also some more expensive options built in the 70s. My assumption is that I should be weary of good looking cash flow properties that are that are the older ones above. Any advise here on how I can/should narrow my search? Is it less about the age of the home and more about how well the properties have been maintained over time?
Also, I notice that many do not have a garage. Is that not out of the ordinary in these areas? Seems to me a garage would be key in this region. Thanks for your advice.