Cleveland Hts. SFR Rental #1

[Robert Matelski]

Investment Info:

Single-family residence buy & hold investment in Cleveland Heights.

Purchase price: $32,000
Cash invested: $32,000

SFR purchased as in 2017 from out of state investor, required no work (City of Cleveland Heights POS compliant), got a good deal on it because it was rented to a long term tenant paying below market rent (tenant is still there, and is still paying below market rent... which is fine by me for now).

What made you interested in investing in this type of deal?

Stable neighborhood, great prices relative to previous peak values.

How did you find this deal and how did you negotiate it?

MLS

How did you finance this deal?

Cash

How did you add value to the deal?

N/A

What was the outcome?

Ongoing monthly cash flow

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Mike Balamenti