All Forum Posts by: Guillaume Jean Andre Palomba

@David Leggett

Thanks very much for your insight.

Would you have some realtors/property managers to recommend ?

@Nathan Grabau thanks very much for your input, and offering your help. i will do my homework about Colombus and Ames, Iowa and will get in touch with you shortly for more informations.

@Roy Gottesdiener thanks for for your input, it's very helpful.

@Cory S.

huge thanks for taking the time to reply so accurately.

my best regards

these taxes were annual or monthly ?  why no RE agents mention them when doing the numbers about specific offers ? 

as well these reparations  arbitrarily required are scary.

how possible that tenants deteriorate your house without paying anything? isn't there a system of deposit paid by tenants ? why PM let it happen, isnt it their job to check the house regularly and to protect owner interests ?

would you have suggestions about market areas in USA  to check for a first investor with a low budget ?

@Cory S.

wow, sorry to hear that.

i haven't heard about these taxes, how much do they represent in % of the house value ?

are city inspections and the need to redo after each tenants  because you rent under section 8 status ?

@Nicholas Misch

thanks so much for this quick reply and for these explanations. Cleveland seems by far my best option so far. but as a beginner i have the anxiety to lose it all, so i really try to understand as much i can . Again, thanks for these valuables points you made.

Hello everyone

I am still aspirant for my first out-of-country investment (goals are cash flow, long term holding).

During the past days i tried my best to do some researches about Cleveland real estate market.

i got confirmation from multiple sources that this city has the potential to offer exceptional cash flow :

-affordable houses prices

-high rental value

-low vacancy rate

is it too good to be true? why a city offering these opportunities isn't assaulted (pardon my french) by investors yet ?

by checking some basics datas , i found out that Cleveland has some cons: unfriendly weather, high criminilaty, declining population, slow growing job market...

my concerns are especially:  declining population and slower job market growth (than the national average).

do these 2 factors make the city a dangerous place for long term investment ? 

vacation rate could increase, houses could loose value overtime...

there are probably other factors that i miss, please let me know what do you guys think.

i can't give any advice, but wish you good luck and i hope you can sort it out very quickly , to your advantage.

what about buying a renovated condo in a A class neighborhood? making sure the building is in good shape, and that no important renovation is needed... what are the risks?

for exemple this kind 

https://www.realtor.com/reales...