Everyday my phone rings... I can usually tell by
the west coast area code, it is yet another out-of-state investor trying to enlist me as their eyes and ears. Many of these
investors have no intention of rehabbing, repairing, renting, or maintaining their already weary harvest. Buying properties
for as little as $1,000, these speculators are merely holding properties in hopes of selling at a slight profit once the market
Now, I'm not being critical of capitalism. Buy low, sell high is how it
works. But somehow my Cleveland pride is bruised when these speculators have absolutely no interest in participating
in the recovery, but only seek a little profit from it. When the intent is to purchase the property and do nothing with
it, the blighting influence remains. Cleveland, either side of the river, is at risk. The effect vacated properties have on neighborhoods
is horrific. They effect lower values, disrupt congruity, harbour decay and foster crime.
If you are an out-of- town investor who hopes to make a few bucks while breathing some
life into a distressed Cleveland property, I may be able to assist you.
you are an out-of- town buy and hold speculator, please take your business elsewhere, Cleveland can do without!