Today's call was 25 flat acres with two rentable mobiles bordering NF land for $105k.Chris Harjes

If you don't your either gambling or guessing with your money.

There are some better areas in the zip code (the ones that border on Cleveland Heights and South Euclid) but you would definitely have to be VERY familiar with the area to know whether this property is in the better part of the city of East Cleveland.

I am gambling on the timeline for this cycle will be 2 years or less.

So, while we were on vacation for 3 weeks in florida, we found a house we liked (325k asking), looked at the pics, made an offer (290k), and closed on it with a conventional 80/20 loan a few days ago.So, our CURRENT house looks something like this (not the actual property).. when we renovate our new house (kitchen, knock down walls, 2.5 baths, living room, entry doors, etc, we will rent our old house and cashflow around $400 per month. with the cashflow, the monthly cost of the new house will be around (~$1k), which is almost the current cost of the ranch house (1k with taxes and such). so, we are going from a 1k sq ft house, to 2.6k sq. ft house for about the same amount.The new house is also in Livonia, which borders northville, redford,garden city, westland, dearborn heights.

To summarize, cheaper homes in the County border the City: 1) Gwynn Oak - which is inside of the Beltway (695), north of Route 40, and has a good amount of rentals and many houses in this price range or below. 2) Parts of Catonsville - parts closer to the City, inside of the Beltway, south of Route 40, Academy Heights for example. 3) Also, areas near St.

;) and take me out for a drink Unless you are still in the mood for gambling.

It was a big gamble because there was no guarantee the market was going back up in the short or long run. 

But thats a gamble.

The property is in Mercer County (Ewing/Trenton Border)