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All Forum Posts by: Eva Chora

Eva Chora has started 1 posts and replied 3 times.

Post: Losing Money In Cleveland

Eva ChoraPosted
  • Posts 3
  • Votes 3

Thank you everyone for your thoughts and insights. I'm wondering if it would even make sense to make some upgrades in the units to try and garner more rent and/or a better kind of tenant. Does it make sense to do that in a C class neighborhood?

Is any one familiar with these zip codes? 

44144

44111

Post: Losing Money In Cleveland

Eva ChoraPosted
  • Posts 3
  • Votes 3

From the start I had to make some repairs which I totally get. But it seems like every month something is going wrong with these properties and I'm having to shovel out more money. That, along with paying the property manager, property taxes, home insurance, lawn care, utilities and a mortgage is keeping me under. Now, two of my tenants are moving out and just to get one of the units rent ready is going to cost me over 2K. I am trying to figure out if I should wait to see if these cash flow at some point and how long do I wait or if I should take my losses and sell. How do you know when its time to call it quits?

Post: Losing Money In Cleveland

Eva ChoraPosted
  • Posts 3
  • Votes 3

Hello everyone,

I am a fairly new investor and recently I bought a duplex in Cleveland (44111) and Brooklyn (44144). I have been under since the day I bought (going on two years now.) I am struggling with keeping them to see if things turn around or selling them and taking the losses. I keep reading on how Cleveland is the place to invest in, but I'm just not seeing it.

Any advise would be greatly appreciated.