Under contract for 2nd investment property

[Richard Schubert]

I'm under contract for my 2nd SFH in Akron, Oh. Found a really good deal on a 2 bed 1 bath older home in pretty decent condition. Inherited a tenant who has been in place for 2 years . Just toured the house today and it was in better condition than I expected. Needs some new windows in the near future but overall the previous owner had set the home up pretty well with a nice big newer bathroom, solid countertops, hot water heater and recent siding. Probably replace the wooden porch down the road sometime but happy with my purchase. Going to hold the two I have long term and try to add 2 or 3 per year. Already saving up for a 3rd house.

[Brittany Minocchi]

Sounds like a good buy! Akron has been a hot area lately. If you decide you want to pull most of your cash out, you may be able to do either delayed financing or a cash out refi depending on the timing/situation. Just something to consider so you don’t have money tied up you could use for another project. I’m local to the area, always happy to connect!