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Updated about 6 years ago, 10/11/2018
[Calc Review] Help me analyze this deal
*This link comes directly from our calculators, based on information input by the member who posted.
Hello,
Does anyone have experience investing in Cleveland, OH implementing a buy & hold strategy with rentals?
I currently live in San Francisco, CA, which is beyond my budget to invest in.
I have $100K saved up, and have been trying to learn as much as I can about Cleveland’s rental market. I have been looking at a portfolio of 6x homes (11 Units) comprised of multiple single family and multi-residences.
I used BiggerPockets rental calculator and Rentometer on analyzing the portfolio and all the numbers appear to be solid. Also, when I used BiggerPockets rental calculator, I did my numbers based on one whole total of the entire portfolio. I am not entirely certain if I should run my numbers as one whole property or individually. I have a contractor in place (My father) already at a huge discount.
It should be noted, the bills are based on what the current owner of the property had sent to me. I am also currently waiting on photos of the properties to be sent to me.
Thanks in advance!