I have a client looking at a 3 bed a side and we are going off of real closed rental comps on the MLS, targeting 1500+.

It is often better to do a transfer on death to get the step up basis.If you want to gift it without triggering taxes you can create a multi member LLC where your mother has initially all the membership and gifting you each year up the the exclusion value, taking into consideration that the fair market value of this portion of membership will be probably 20 to 40% lower than the same portion of the full market value of the property due to its non marketability.

Classic West Cleveland duplexes with 2 bed 1 bath up and down exist in Kamm's/Westpark, West Cleveland, Old Brooklyn, Parma, Lakewood, Edgewater, Ohio City, at various price points, with Lakewood, Edgewater and Ohio City being pricier.

Strive to get at least 3 comps within a half mile radius, same number of bed/bath, +/- 10% of sq ft, same style, amenities, etc.

Here are the Details:Proposed Market Value from seller 295kBuilt 1950Duplex each side 600SQft 2 bed 1 bathcurrent rent 1100/ unit.Market Rate 1300/ unit leases expire in 2 months.Roof updated 2020Furnace 2017No A/CElectrical and plumbing recently updatedUnfinished basement with room to add 1 bed each side with instillation of Egress.Seller wants 10-15% down and paid full amount over the course of 5 years. 

Maybe the death of retail is over hyped.

I am a Pennsylvania (Philadelphia and surrounding area) investor and just made my first venture into Texas in the 76131 zip with 4 bed 2 bath SFH.

‘Winterization MoldCrime, heat index, walkability, schools AsbestosPoor location, busy street, etc.TermitesDryvit, synthetic stuccoUrea formaldehyde foam insulation (UFFI)RadonNo parkingAge of propertyOld or no windows, unsecured building (SimpliSafe.com)Knob & tube electrical (60A), grounded outlets every 11’, GFI’sUnderground oil tanks, oil heatGravity or steam heat, octopusRoofing: Flat roofs, slag, slate, Yankee guttersPests: fleas, squirrels, bats, bed bugs, rats, etc.Chinese drywallNo firewallBelow sea level, slabLead paint (prior to 1978)>60% rehab, new construction guidelines & building codes (i.e.

This would be my first out of state property and I want to know if others think this is a deal worth doing or not. 3 bed 2 bath home in Ohio.The purchase price would be $167,000.

I obviously keep the grass well maintained and sidewalks clean but would some mulch and flowers beds be worth it or just another thing to maintain and not worth my time?