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Updated over 1 year ago on . Most recent reply
Buying rental property in Cleveland, Ohio thoughts?
Hi BP community, I'm not from US and I'm looking to buy a rental property. What do you think about Cleveland, Ohio for rental properties (if the numbers make sense so that cashflows X per month)? Unemployment rate decreased from 3.9 to 3.1 (oct-22 to oct-23), population is growing, labour force is growing too, ...
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Greg Scott
#1 Legal & Legislation Contributor
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- SE Michigan
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Greg Scott
#1 Legal & Legislation Contributor
Pro Member
#1 Legal & Legislation Contributor
- Rental Property Investor
- SE Michigan
If you already have a team in Cleveland, then Cleveland is fine. More important will be picking a growing submarket.
If you have no ties at all to Cleveland, then there are markets with better growth prospects, such as nearby Columbus.