Cleveland, OH market

[Vaner Ducatel]

Hey Everyone, heading out to Cleveland,OH from Brooklyn,NY this weekend to check out the real estate market out there. Any realtors and property managers that could meet up for a talk? Also open to checking any open houses.

[Emanuel Stafilidis]

Hi Tony,

I have 2 single family homes in the Cleveland area. The first is a 3/2 in Old Brookly and the other is a 3/2 in Parma.

I purchased the first for $39k, rehabbed it for approx $40k and rent it for $1,097p/m.

I purchased the second for $31k, rehab is currently happening and will cost approx $80k. I hope to rent this for $1,500p/m.

When I have the Parma property rented then I will start looking for my third property which will be a multi-family. Location is still to be decided but I am happy with West Cleveland at this stage.

I have a really good realtor that is looking after me in the area. This is really important as I am out of town. Huh, I am really out of town. Sydney Australia is 9,500 miles from Cleveland OH and 17 hours ahead in time. The realtor helps manage the contractor. I use an independent inspection agent and an a separate managing agent. I am happy to pass on these contacts if you like, just PM me.