hey there and respect to everyone in here. I live in the Washington Dc area and looking at a property in Cleveland, OH. any advice on that area as far as long-distance investing is concerned/ numbers look pretty encouraging.
secondly, any idea of a reliable contractor(s) in the area you have used and trust for doing a good job in a timely manner.
Hey Elvise! Cleveland is definitely a great place to invest in real estate. Cleveland's real estate market is considered affordable compared to many other metropolitan areas in the United States. Also, investments in downtown redevelopment, infrastructure improvements, and the healthcare and technology sectors have contributed to job growth. The city offers opportunities for real estate investment at a relatively lower entry cost compared to larger markets.
I personally don't have any contractor recommendations, but maybe check out the Rehabbing and House Flipping forum for ideas on that. This post, for instance https://www.biggerpockets.com/... is similar to your needs.
Hey Elvise! Cleveland is definitely a great place to invest in real estate. Cleveland's real estate market is considered affordable compared to many other metropolitan areas in the United States. Also, investments in downtown redevelopment, infrastructure improvements, and the healthcare and technology sectors have contributed to job growth. The city offers opportunities for real estate investment at a relatively lower entry cost compared to larger markets.
I personally don't have any contractor recommendations, but maybe check out the Rehabbing and House Flipping forum for ideas on that. This post, for instance https://www.biggerpockets.com/... is similar to your needs.
hey there and respect to everyone in here. I live in the Washington Dc area and looking at a property in Cleveland, OH. any advice on that area as far as long-distance investing is concerned/ numbers look pretty encouraging.
secondly, any idea of a reliable contractor(s) in the area you have used and trust for doing a good job in a timely manner.
will appreciate advise and recommendations!
Beyond the numbers you've got to look at the neighborhood's level of risk. I recommend reading The Ultimate Guide to Grading Cleveland Neighborhoods. to give yourself an idea of the level of risk you'll be taking on if you buy in a particular neighborhood vs another one.
If you're comfortable with the risk, go for it. Where out of state investors get themselves into trouble is when they buy in an F area thinking they are buying in a B area. That works out about 0% of the time.
Hey Elvise, great decision looking into the Cleveland market. I have some good contractors in the area I can recommend. Feel free to shoot me a message and I can send you their info. I also have good contacts for lenders, inspectors, title companies, and expert investment Realtor/ Brokers in the area if you're looking to build a solid team!
Hi Elvise, I am also based in Northern Virginia and have most of my portfolio set up in Cleveland. I used the long distance real estate investing book as the guide to buy properties in that market and I would love to connect with you and see if I can add value to your goals.