Howdy my wonderful fellow REIs,I have been on the search for my second (buy&hold) rental in Cleveland for months now, but it seems as if there isn't much inventory out there and/or the available inventory are either extremely overpriced, need so much work it isn't worth it, in war torn areas.

Although the rates are little higher and you’ll have to pay usually 1-3 points they close extremely quicker than a traditional bank so that helps when making offers on properties.

Brian is a standup guy who is honest and extremely trustworthy, but in this deal he had to put the best interests of his client first, so we brought in Jeff Torres to represent me.

It's a duplex (top/bottom) for $100k, renting for $650/unit, built in 1920, and in an up and coming neighborhood (there are both boarded up homes in this area as well as extremely nice, recently renovated homes). 

If it's a few thousand to get you more qualified I would pull the trigger not only because your current purchase but it gives you a stronger debt to income ratio moving forward.

Any help extremely appreciated!

Kastle’s Remote Video Guarding enables this by employing AI-enabled video surveillance to trigger live response from a remote Video Operations Center, proactively supporting onsite staff as needed to ward off threats with faster response than guards at less expense.You might be surprised where trouble pops up.

Almost impossible to follow the law and the damages are extreme if it ever goes that far.You might want to check it out in your state.The basic issue was in the old days before this law change, standard was $5000-$10,000 down for $100,000-$150,000 house. 

Also, homes that are just a total disasters (combinations of a bad roof, bad HVAC, bad siding, extreme mold, etc.).  

Many states require an LLC to borrow hard money. (3) Decreases liability, minimally, from legal action.Cons: (1) Costs to own and upkeep. (2) Often adds a costly step to buying property, as banks tend not to lend for single family housing directly to an LLC and therefore must be transferred from personal ownership into LLC. (3) Only limits liability if set up correctly—and many aren't. (4) Transfer from personal name to LLC can trigger "due on sale" clause.I'm probably the rare one around here who owns all my rentals under my own name.