Hello everyone! I just found out about BP through a search online a while back but I haven't been activate for a couple of years here. A little bit about my experience in Real Estate… I started a couple years ago doing some house flips in Detroit ( It was a 2 year plan) then decided to sell everything, moved to Washington DC which can't afford anything in the DMV area but last year I purchased a very nice 3500 SQFT Duplex in Shaker Heights, suburb of Cleveland. I paid $307k cash and spent another 30k + to fix it. I thought I was going to live on it for a while but that's not longer the case. I made the upstairs unit in a nice Airbnb unit which I'm currently getting around $2400 monthly average. (The city doesn't allow STR less than 30 days which is a good and bad thing.) The downstairs unit was rented for $1700 and my tenant moved out recently. My issue isn't managing from DC since I'm a flight attendant and have a flexible schedule. My property taxes are high - around 9k a year.
I’ve been out of touch with the market this year dealing with an illness and I’m trying to make the best decision cause this is my lifetime investment and extra income. I’m debating if I should sell it and invest somewhere else where property taxes aren’t so high and maybe deal with one tenant in a single home. My Airbnb inquiries has been very slow, but again I’m just starting. Last year I barely made any money after all expenses were paid. There are great people here which could guide me in the right direction and I appreciate any advice. My ultimate goal is of course make a bigger profit. Also looking to connect with local investors in the Cleveland area to network.
