WARNING! People are Going Bankrupt Investing in Cleveland Real Estate | HoltonWiseTV Highlights
Channel: HoltonWiseTV
Date: 2023-01-27

For a lot of out of state investors, those dirt cheap houses in Cleveland seem like big money makers. These Cleveland houses are so cheap that they seem like a can't lose investment to investors living in more expensive areas. After all, if you're buying a house in Cleveland for pennies on the dollar compared to where you live, what do you have to lose? How can you possibly lose money on a house in Cleveland, Ohio if it's cheaper than your car? Unfortunately, you can lose a lot of money investing in Cleveland real estate from out of town if you don't know what you are doing. Cleveland housing has made a lot of landlords rich, but being a landlord in Cleveland isn't for everyone. A lot of out of state investors have lost a ton of money investing in Cleveland real estate. A lot of long distance investors have gone bankrupt trying to make millions with cheap housing in Cleveland. There are a lot of factors that go into whether or not you are going to make any money with Cleveland rental properties. Depending on what neighborhoods you buy in, how much you you should pay for your Cleveland rental property is going to vary by a lot. Some parts of town, identical homes are worth less than half of what they are in other parts of town. Subscribe to HoltonWiseTV to learn more about low income housing in Cleveland, Ohio and how you can make money being a Section 8 landlord from out of state.


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