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Updated about 3 years ago on . Most recent reply

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Eddie Davalos
  • Rental Property Investor
  • Chicago, IL
9
Votes |
7
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Cleveland House Hack

Eddie Davalos
  • Rental Property Investor
  • Chicago, IL
Posted

Hello BP!

After reading the House Hacking Strategy, I’m looking to make the plunge into my first house hack.

I’ve been searching Lakewood, Ohio City, Shaker, and Cleveland Heights since March 2022 and have come up short on a couple offers.

I'm likely in the FHA loan boat and willing to do informational only inspections (not entirely waive them).

Any tips / advise for putting forth compelling offers in this low inventory environment?

All advise welcome 🤗.

Thanks,

Eddie




Most Popular Reply

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383
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361
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Shane Kelly
  • Real Estate Agent
  • Cleveland, OH
361
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383
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Shane Kelly
  • Real Estate Agent
  • Cleveland, OH
Replied

As someone who will be searching for a house hack myself in Cleveland in the near future, I feel it. I've been watching Old Brooklyn's duplex market since 2020 and I've seen it go from light rehab duplexes sitting at 60k-80k to you can't find one that needs anything less than a gut-job still selling for 120k+. Let me know how your FHA journey goes as I will use you path as a guide!

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