Cleveland Is a House-Flipping Hot Spot, and Covid Adds Fuel
Updated: Mar 16
Toorak Capital Partners was mentioned in The Wall Street Journal's article, ' Cleveland is a House-Flipping Hot Spot, and Covid Adds Fuel'
The Wall Street Journal reports, the Greater Cleveland area has been one of the most profitable places in the country to flip houses and own rentals. The typical fix-and-flip project there, as elsewhere around the Great Lakes, sells for twice what it cost. The monthly rents collected often meet the landlord’s ideal of at least 1% of the purchase price.