All Forum Posts by: Radu C.

Thank you :)

 I understand that 60-80k won't buy a house in a premium neighborhood, but looking for one that is turn key ready should somewhat mitigate al least the high maintenance part. I am new and at the beginning of this process, I'm trying to get as much info as I can and see if I can start this way. Your insight is much appreciated,  thank you.

I will, thank you!

Hello,

I am a new investor located in California and I am looking for my first investment property. I want to transact everything remotely.

I intend to purchase a high-cash-flow property in the Cleveland area. Specifically, I am interested in a SFR with 3-4 bedrooms and 1+ bath that is move-in ready and doesn't need any repairs. I am looking to spend between $60,000 and $80,000, paying cash. Once acquired, I will seek out a PMC to lease it and manage it.

I would like to make this work.

I read through this forum and I saw comments and warnings like “trying to navigate Cleveland on your own”. I understand that I need to be diligent about everything from choosing PMC and tenants, to requiring renter’s insurance and having a very solid lease agreement. What are some of the things that can mess up this plan badly and what can I do to protect against them? Are they Cleveland specific?

Any advice would be greatly appreciated.

Thank you :)