Cleveland/ Akron Rental rates
Good Afternoon Everyone,
I am planning on investing in the Cleveland/Akron, Ohio areas and I was wondering if someone can help me with that. What areas are good properties to buy? What are the rental rates for the area? Can someone help me find the market trends?
Most Popular Reply
If you're looking to househack the first investment, I'd recommend starting in a B grade neighborhood in cities like Lakewood and Parma. You'll have higher quality individuals as neighbors/tenants, and save yourself the higher risk of evictions and rundown and all things that can go wrong with most people's first investment in lower grade areas.
The podcasts and forum here on BP are a great place to start, try to pick up as much knowledge and info as possible before jumping in.
As far as C grade neighborhoods go, look into Old Brooklyn and Westpark areas of Cleveland. Make sure to give @James Wise neighborhood grade map a look, many investors have found it helpful.