All Forum Posts by: Isaac Rowe

I would speculate that on a property like that if the tenants are on food stamps etc...That there is probably a reason the owner is paying those bills.  Because the tenants won't take care of them responsibly.  What you normally find in the Cleveland area anyway is that landlords who pay for those bills, get a little more in rent, and vice versa. 

I would probably recommend evaluating the property as is, and making sure your ok with having responsibility for those bills, because even if you do pass them along to the tenants, they may end up coming back on you. 

Gotta love House Hacking! :)

A couple of thoughts.

Since your living in the building you could potentially self manage?  There is of course good and bad about that, and you would need to be very picky about tenants, but I have seen people do it successfully. 

I work out of the Cleveland area, and here some investors are starting to pass along water costs to tenants.  Several ways to do it, but perhaps you could eliminate some cost that way.

Regardless house hacking is normally a great idea! 

@Joseph Taylor

Welcome to BP!  So much valuable information for free all in one place! 

@Alberto Simpson

Welcome to BP!  The best investor resource online currently in my opinion.

GO CAVS! :) 

Gotta love the way the Cavs are coming together as a team with K Love out and Irving half his normal self!  Go Cavs!!!!

@Tammy Parsons

Welcome to BP!  I have a lot of contacts in the Cleveland area if you decide to invest up here or want information about the area. 

Seeing a lot of investing in this area, in pockets of Cleveland, most of the Heights areas, Parma, Euclid, South Euclid to name a few.

Your making a great decision moving here!!! GO CAVS! :) 

@Raky Patel

Have lots of contacts in the Cleveland area.  Feel free to reach out, happy to share. 

Property will be rent Ready:

Estimated ROI and Cashflow-

(Based on 25% down)

Annual Cash Flow $2,328
Cash ROI 22.17%

@Ilan Bahry

I have closed a couple of deals in that area recently.  If you would like to reach out with more details, I would be happy to share any insight from what I have seen over there!  

@Colleen Pelliccia lavin

Colleen,

All about finding good people on the ground to work with!  Happy to share about the Cleveland area if you would like more information or contacts here!  

Best of luck to you!