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11 February 2025 | 19 replies
Hey Christine, I might be biased, but you could look into Cleveland, Oh.Here are a few things to consider against investing there:- Slower appreciation compared to some other markets- Harsh winters, which can lead to higher maintenance costs- Many discounted single and duplex might need repairs or updates, especially if the previous owners haven’t kept up with maintenance over the years- Some local regulations to be aware of (nothing crazy, but worth noting when trying to close deals).But there are also some solid reasons to invest in Cleveland:- Affordable properties in the $100K-$300K range- Strong long term rental market due to a high rent to price ratio- Landlord friendly laws overall- Potential for great cash flow- Opportunities for Section 8 tenants- stable market once you have the right team in placeEvery market has pros and cons so it comes down to your budget, risk tolerance, and finding a reliable crew you can trust.
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5 February 2025 | 16 replies
.- It's not profitable for them to search for under-market priced houses, figure out repairs needed or what other problem is pushing the price down and do even more for a newbie investor that has analysis-paralysis and may never buy anything.Some questions you'll want to share the answers to with any agent you choose:1) Are you paying cash or getting a mortgage?
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5 February 2025 | 16 replies
He said there shouldn't be any repairs and whenever there were repairs, he paid for the materials and had them be installed.
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22 January 2025 | 4 replies
You will have holding costs along the way with repairs, maintenance, taxes, etc.
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3 January 2025 | 3 replies
Hi everyone,
I’m a new investor learning the ropes of being a midterm landlord. I bought an outdated condo, planning to do a cosmetic rehab later when I had more budget.
I moved out of the condo in mid-2024 for a ...
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17 January 2025 | 23 replies
If you can stomach the negative and any repairs for the next 5 years then long term wise it'd be worth it.
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18 January 2025 | 8 replies
Is it a plumber that did a repair on one of your rentals?
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7 February 2025 | 2 replies
The previous owner started to repair it.Looks a little rough, but we’ll get her all fixed up.
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1 February 2025 | 51 replies
You’re in a win win situation no matter what however I guess you would also want to take in account any major cap x repairs that might be coming up soon in the future you might want to avoid paying.
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16 January 2025 | 78 replies
Class C bought in 2023 on the East Side of Indy has not been great, repair calls 9 times out 12 months.