It was less than a century ago when the first barrier was removed, allowing people to buy a home with 20% down payment.

I invite anyone to look at the Case Shiller total return numbers for this century.  

In the twentieth century, schooling became a social tool for an industrialized society or, worse, a perceived panacea for social injustice, crime, and poverty.

People don't go to turn key to get the "screaming hot deal of the century".

You've waited until now to buy an investment, unless this is the deal of the century you'll be able to find another.

Hi Jay, this is related to other post (I don't remember which one) but related to this post.So this guy is only having one house, but :TodayJan 18, 2023DateListed (Active)MLSListings #ML81916549$2,098,000PriceMay 1972, Sold for $28,000May 1, 1972DateSold (Public Records)Public RecordsPrice $28,000So in half century, the return on investment is 75 times LOL.Compare to someone that invest in S&P500 in 1972, the return is only 5 times the original investment. 

I was originally attracted to Cleveland because the barrier to entry was so low, and I love all the old turn-of-the-century properties waiting to be brought back to life.

Neighborhoodscout Ohio cities for this century:- cleveland: 1/10- Cincinnati: 3/10- Toledo: 1/10- Columbus: 5/10 (one hits average)I chose Ohio cities because of the mass Ohio posts from Ohio agents, turnkey providers, etc.  

>Seems to me that at scale, a portfolio like Luka's would indeed build wealth over timeIt is cash flow negative in a market that has an appreciation rate (2.17%) for this century below the inflation rate.https://www.neighborhoodscout.com/oh/cleveland/real-estatehere are some thoughts about your plan: - why perform a value add in a market where the value add does not add much value especially if the property will be acquired at no cost?  

This house is also on the historic registry so it is not newer, just has been beautifully maintained and updated.I personally have a 6 bedroom, 4 bath home in Akron, it has original woodwork throughout, bathrooms and kitchen have been updated to taste with the flow of the mid-century design when the home was built, and it is rented for $2,700 a month.