Purchase price: $71,400 Cash invested: $75,058 Sale price: $225,000 Impressive amenities include an open main floor w/ updated kitchen,granite counters,tile backslash & big island; amazing fireplace; master suite w/ oversized closet & spa-like bath w/ walk-in tile shower, dual sinks, soaker tub & main floor laundry; finished lower level w/ expansive rec room,4th bed,3/4 bath w/ walk-in tile shower Superior updates also include New Windows,New HVAC ,New Roof,Fresh Paint & Carpet,Gorgeous Hardwood & Tile Flooring plus a Massive 28ft wide by 32ft deep garage too!

Who knows, maybe my first property would be in Cleveland.Thank youMatt If you are looking into Cleveland the 1st thing you should do is get the lay of the land.

I bring an extra sweatshirt for Mike, his is still laying, bloody on our kitchen floor (the police came and collected it the next morning).The hospital can tell me very little, other than it doesn’t look good.

But regardless, I now have a low laying nagging fear that I will buy a stud out rehab house and find out the city is going to knock it down.Anyone know anything about this stuff?

Folks think I'd raise prices or lay off one employee.

Question for discussion: If I'm interested in getting more experience on the rehab process (replacing carpets/hardwood floors/tiles, drywall, or other general kitchen/bathroom maintenance), would current investors doing a rehab be interested in having an additional helping hand for free?

Short list of rehab work: Floors (lvp & tile), paint, new siding, updated appliances, water heaters, furnaces, concrete sidewalk, interior & exterior doors, new fixtures + more.

Replaced all old carpets with wood flooring, replaced the vinyl in bathrooms with ceramic tile and updated the faucets; repainted entire unit; replace all kitchen appliances which were very old and rusted.

A hard money lender needs a LLC or something similar.Also if you are borrowing funds to repair the house they will probably want a scope of work laying out what you are going to do.

So when you're seeing some of these bargain-basement prices it's because they're literally falling apart, they have stone foundations, knob-and-tube electrical, asbestos plaster walls/floor tiles, old cast iron plumbing throughout...