General Landlording & Rental Properties
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Creative Real Estate Financing
presented by
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated over 6 years ago on . Most recent reply
Investing in Cleveland heights
Hello fellow investor
I would like to know if it is a good idea to invest in Cleveland heights Ohio. Here is the deal I saw a house in Cleveland heights for $9500 but he said he owes about 30k in taxes and about 10k needed to getting it ready for rental. Is this a good deal.please help me analyze this deal
Most Popular Reply
James Wise
#4 All Forums Contributor
#4 All Forums Contributor
- Real Estate Broker
- Cleveland Dayton Cincinnati Toledo Columbus & Akron, OH
- 19,706
- Votes |
- 28,675
- Posts
James Wise#4 All Forums Contributor
#4 All Forums Contributor
- Real Estate Broker
- Cleveland Dayton Cincinnati Toledo Columbus & Akron, OH
You'd be all into that investment for around $50k. So long as it's got at least 3 beds I'd imagine it'd rent for between $900-$1,100 depending on how nice you do it.
That is a hell of a deal. Good candidate for a BRRRR. Most singles in Cle Hts that are similar sell for around $75k.