All Forum Posts by: John Koster

I like the aggressive pay off strategy, but why not just keep a 30 year loan and toss in some extra $ each month toward the principle?   That way you can pay off quickly and still have the flexibility of a lower payment in the event that your plans change or you come upon harder times when the cash flow would be helpful. 

Nice!  I'm ooking forward to the details.    

Robert Myers Insurance

robertmyersinsurance.com

I agree with all of the above.  I grew up in Cleveland and now invest there long distance from  California.  I would tread lightly in Glenville.  If you don't have a very experienced property manager who specifically deals with that area, I would pass.   There are plenty of affordable properties in less risky areas of town.  

MB Financial does small loans.  I have one for 30K.

Cleveland taxes are generally 2.7 - 4.3% of the retail value and vary greatly between suburbs.  clevelandhousehunt.com has a list of all the tax rates in the area.

Cleveland area taxes generally vary between 1.8 to 4.3% of retail value and usually change after a purchase.  I would guess that you probably purchased your property at a much cheaper price point than the previous owner.   Check out clevelandhousehunt.com for a list of all the tax rates in the Cleveland area.

I am from Cleveland and currently have four rental properties there.  East Cleveland is considered a D/F area.  I would not recommend that area to Out of town investors.  The greater east side area of Cleveland does have some nice areas though. 

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