All Forum Posts by: Jhamari Hogan

Hello, I live in a Columbus, OH suburb and want to buy an investment property in Cleveland, OH.
I pay local taxes in the city that I work in, as well as the city in which I live. From online research, I was able to find out that other cities in Ohio tax all your income (w2 & rental income) if you own a property there & some give you a small credit for taxes paid to other cities.

My question is, if I buy a property in Cleveland (or a CLE suburb), would my w2 income be taxable in Cleveland (or a CLE suburb)?
If so, how do I get around this or at least make it to where only the rental income from the property is taxable locally? Would I achieve this if I transfer the property to an llc after buying it?
Would it be better to just try investing in a different states than the one I live in?

Anyone still seeing 1% or above cash-flow and appreciation in Cleveland and/or submarkets around it? I.e. Euclid, Maple Heights, as far east as Lorain or even as far south as Akron? (Looking to spend 130 or less)

Just looking for advice, this would be my first property and I'd like to get cash flow while being in a non crime filled area, and being able to count on at least some future appreciation.

Hello, I currently own a home already (VA loan), I used all of my entitlement for it already so I cant use it again. I am looking at buying my first rental but it appears that the only loan that is available to me is a conventional loan since the usda, fha, etc. require the purchase to be my primary residence.
I have about 25k to invest (to include closing cost), I wanted to ask if anyone knows of a loan that would work for my situation.
Furthermore, a more important topic is that im asking for advice on a location to get the best returns with this investment amount. i.e. good price to rent ratios, ROI, CoC, Cap rates, etc.

I greatly appreciate any help!