Hello everyone,
short introduction: i am a French citizen ,37, currently working in China, looking to do a first real estate investment, paid cash , budget btw 70000-100000$ . (pardon in advance for any language mistakes)
After collecting informations , i found out that investing in Cleveland seems a very good option.
Houses are cheap, rentability is high (around 10% after charges, taxes etc...), the city seems to have a solid economy (healthcare, and new techs?), a young demography with good jobs/salaries , and renting rate of 98% (i mean that 98% of the available houses/appartments for rent are occupied).
1) Can you guys confirm these facts ?
2) any recommendation about established and reliable agencies, offering property management services?
3)i found 2 agencies run by french people, one is called " USA immobilier", the other "Invest US". their offers seems very attractive, maybe too good to be true. did you guys ever heard about these agencies ? any feedback would be much appreciated. their advantage for me would be the language and they help with local/national regulations such as taxes, LLC, property management etc...
4) by consulting local listing i found many houses with the mention "call for price'' , "1$", or some ridiculously low prices ... does it mean that these houses come with an unsafe deed ? is it golden rule , for beginner and long distance investor like me , to always buy a house coming with "general warranty deed" ? if a house is cheap, and needed renovation is light, does it worth it?
5) do you think that holding a property in Cleveland for long term 10, 20,30 ,40 years is safe ?
6) any advice, recommandation, remarks are more welcome
Thanks for reading, and even more thanks for your reply
Guillaume
