New to Flipping in Cleveland

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New to Flipping in Cleveland

Alana Nevares
Member since 2018 · 42 posts · 5 votes

Hi, 

I have few rentals. Thought about starting flipping with someone that will overlook the work locally (Cleveland). 

Thought about doing it in Garfield heights or Euclid, as did not want to borrow too much. I am looking at about 20 000 profit. 

Any thoughts as to where to start in the Cleveland area? Would Parma, Univ Heights make sense if the total budget would not be more than 100000

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  • James Wise
    Real Estate Broker · Cleveland Dayton Cincinnati Toledo Columbus & Akron, OH · Member since 2013 · 31k+ posts · 20k+ votes
    7y
    Originally posted by @Alana Nevares:

    Hi, 

    I have few rentals. Thought about starting flipping with someone that will overlook the work locally (Cleveland). 

    Thought about doing it in Garfield heights or Euclid, as did not want to borrow too much. I am looking at about 20 000 profit. 

    Any thoughts as to where to start in the Cleveland area? Would Parma, Univ Heights make sense if the total budget would not be more than 100000

     Garfield Heights, Euclid & Parma would all be areas you could do this for less than $100,000. Your top level exit prices on each of these neighborhoods is going to hover around the $100,000+/- range

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  • Tom Ott
    Equity Raiser and Turnkey Provider · Cleveland, OH · Member since 2016 · 4k+ posts · 1k+ votes
    7y
    Originally posted by @Alana Nevares:

    Hi, 

    I have few rentals. Thought about starting flipping with someone that will overlook the work locally (Cleveland). 

    Thought about doing it in Garfield heights or Euclid, as did not want to borrow too much. I am looking at about 20 000 profit. 

    Any thoughts as to where to start in the Cleveland area? Would Parma, Univ Heights make sense if the total budget would not be more than 100000

     Euclid and Parma are very similar and solid areas. Garfield Heights has been climbing over the last few years, some good spots there. 

    University Heights is nice, but be careful. The taxes there can be crazy. 

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