Cleveland or Columbus?

Starting Out
5yFollow

Cleveland or Columbus?

Ryan Cleary
Investor · Palm Beach County, FL · Member since 2019 · 370 posts · 330 votes

Out of state investor, looking to join either or both.  Your thoughts?!

5Reply
50 views

Most Popular Reply

Brian Garlington
Realtor · Oakland, CA and a Real Estate Investor with Multi-Family Units and a Self Storage Facility · Member since 2016 · 2k+ posts · 2k+ votes
5y

So the tactic to get people to come to your marketplace is to throw insults and namecall a different marketplace Steven? When I lived in Columbus (Yes I was born there and go back to vist family about every other year) that's not how we rolled my man.

19Reply
See this reply in the discussion

44 Replies

Jump to latestLatest
  • Jonathan StyerBusiness Member
    Real Estate Broker · Columbus, OH · Member since 2018 · 330 posts · 396 votes
    5y

    You will hear a lot of cheerleading on BP for Columbus, and I am always one to pile one. Cashflow, appreciation and great culture. It is one of the fastest growing cities in the country so the demand is always there. 

    Styer Real Estate Professionals4.941 Reviews
    WebsiteView Page
    6Reply
  • Steven Foster Wilson
    Rental Property Investor · Columbus, OH · Member since 2017 · 3k+ posts · 3k+ votes
    5y
    Originally posted by @Ryan Cleary:

    Out of state investor, looking to join either or both.  Your thoughts?!

    Cleveland is the armpit of Ohio. Come to Columbus! 

    2Reply
  • Brian Garlington
    Realtor · Oakland, CA and a Real Estate Investor with Multi-Family Units and a Self Storage Facility · Member since 2016 · 2k+ posts · 2k+ votes
    5y

    So the tactic to get people to come to your marketplace is to throw insults and namecall a different marketplace Steven? When I lived in Columbus (Yes I was born there and go back to vist family about every other year) that's not how we rolled my man.

    19Reply
  • Brandon GoldsmithBusiness Member
    Real Estate Agent · Columbus, OH · Member since 2020 · 1k+ posts · 1k+ votes
    5y

    The numbers will work out better in Cleveland but the city doesn't have the same growth and appreciation that Columbus is seeing. @Ryan Cleary

    [email protected]614-963-3340
    7Reply
  • Steven Foster Wilson
    Rental Property Investor · Columbus, OH · Member since 2017 · 3k+ posts · 3k+ votes
    5y
    Originally posted by @Brian Garlington:

    So the tactic to get people to come to your marketplace is to throw insults and namecall a different marketplace Steven? When I lived in Columbus (Yes I was born there and go back to vist family about every other year) that's not how we rolled my man.

     I grew up watching the browns. The browns I believe are iconic for Cleveland. You keep hoping its something its not. 

    All joking aside I know people do well investing in Cleveland, just not my cup of tea.

    3Reply
  • Austin Steed
    Real Estate Agent · Columbus, OH · Member since 2016 · 593 posts · 664 votes
    5y

    @Ryan Cleary agree with Steven on this one. Come on down to Columbus!

    3Reply
  • Zeke Liston
    Real Estate Agent · Columbus, OH · Member since 2018 · 1k+ posts · 1k+ votes
    5y

    I think both markets have their pros and cons. Cleveland is great for cash flow, Columbus does have higher population growth. You can still cashflow in Columbus but it's much easier in Cleveland. I hope this is helpful! @Jonathan Styer has great input. 

    11Reply
  • Account Closed
    Rental Property Investor · Brooke Park Drive · Member since 2018 · 1k+ posts · 2k+ votes
    5y
    Originally posted by @Steven Foster Wilson:
    Originally posted by @Ryan Cleary:

    Out of state investor, looking to join either or both.  Your thoughts?!

    Cleveland is the armpit of Ohio. Come to Columbus! 

    What does that makes Toledo?

    3Reply
  • Steven Foster Wilson
    Rental Property Investor · Columbus, OH · Member since 2017 · 3k+ posts · 3k+ votes
    5y
    Originally posted by @Account Closed:
    Originally posted by @Steven Foster Wilson:
    Originally posted by @Ryan Cleary:

    Out of state investor, looking to join either or both.  Your thoughts?!

    Cleveland is the armpit of Ohio. Come to Columbus! 

    What does that makes Toledo?

    Toledo's cool, I spent my first year of undergraduate at BGSU so gotta have respect for the Northwest.

    1Reply
  • Remington LymanBusiness Member
    Real Estate Agent · Columbus, OH · Member since 2017 · 6k+ posts · 7k+ votes
    5y
    Originally posted by @Ryan Cleary:

    Out of state investor, looking to join either or both.  Your thoughts?!

     If you are looking for major cash flow and no appreciation you should purchase in Cleveland.

    If you are looking for okay cash flow and major appreciation, you should purchase in Columbus.

    It does not matter where you start as long as you develop your Core 4. The core 4 is David Greene’s strategy for long-distance and made up of a realtor, contractor, property manager, and lender. Once you have this team in place, you should be able to confidently invest in any market.

    [email protected]614-541-8475Podcast Guest on Show My Job Laid Me Off, So I Replaced My Salary with Rentals
    Reafco512 Reviews
    WebsiteView Page
    10Reply
  • Dylan Kiley
    Cleveland, OH · Member since 2020 · 21 posts · 29 votes
    5y

    @Zeke Liston said it best. Every market has its pros and cons. It's entirely dependant on your goals and I wouldn't have your best interest in mind if I tried to tell you where to invest without knowing them. You can generate lots of cash flow in Cleveland so it would be a great place to invest if you're looking to quit your job and live off rental income but you may create more long-term wealth by investing in Columbus since its growing quickly and appreciation is higher. Ultimately its very specific to you and your goals

    5Reply
  • Rich SomersPro Member
    Investor · San Diego, CA · Member since 2019 · 131 posts · 116 votes
    5y

    Columbus is going to be much more competitive with lower cap rates and less yield. Cleveland is less competitive, with higher cap rates and more yield, however population growth is declining significantly. 

    For me, Cincinnati is a great pivot from both of these markets. Good yield and a population that has stabilized. 

    4Reply
  • Remington LymanBusiness Member
    Real Estate Agent · Columbus, OH · Member since 2017 · 6k+ posts · 7k+ votes
    5y
    Originally posted by @Rich Somers:

    Columbus is going to be much more competitive with lower cap rates and less yield. Cleveland is less competitive, with higher cap rates and more yield, however population growth is declining significantly. 

    For me, Cincinnati is a great pivot from both of these markets. Good yield and a population that has stabilized. 

     My fiancee's family lives in Cincinnati. It is solid, but the job market is too heavily concentrated in manufacturing for my liking. Columbus, Ohio is where it is at!

    [email protected]614-541-8475Podcast Guest on Show My Job Laid Me Off, So I Replaced My Salary with Rentals
    Reafco512 Reviews
    WebsiteView Page
    1Reply
  • Conner Bland
    Flipper/Rehabber · Indianapolis, IN · Member since 2019 · 31 posts · 19 votes
    5y

    @Ryan Cleary Indy! Come on over!

    1Reply
  • Steven Westlake
    Developer · Bellefontaine Ohio · Member since 2016 · 371 posts · 219 votes
    5y

    @Ryan Cleary - we have both of those towns here In Texas, also Dayton and Urbana, without all that snow. Haha.

    Have a 3 unit in Bellefontaine, Ohio. ...., Invest where the numbers make sense

    2Reply
  • Susie Evans
    Rental Property Investor · Brighton, MI · Member since 2020 · 30 posts · 33 votes
    5y

    @Brian Garlington

    2Reply
  • Susie Evans
    Rental Property Investor · Brighton, MI · Member since 2020 · 30 posts · 33 votes
    5y

    @Brian

    I think he meant it as a joke . Midwestern humor..

    2Reply
  • Chirisum Venkataramaiah
    Investor · Member since 2019 · 12 posts · 4 votes
    5y

    Hi folks, Is Columbus seeing any ripple-effects from the job cuts at the Universities (OSU) on the rental market? 

    3Reply
  • Raul Velazquez Jr
    Columbus, OH · Member since 2018 · 91 posts · 54 votes
    5y

    @Ryan Cleary @Trent Ecklar

    0Reply
  • Steven Foster Wilson
    Rental Property Investor · Columbus, OH · Member since 2017 · 3k+ posts · 3k+ votes
    5y
    Originally posted by @Susie Evans:

    @Brian

    I think he meant it as a joke . Midwestern humor..

    Im glad you understand my meaning. Just poking a little fun here and there. 

    1Reply
  • Steven Foster Wilson
    Rental Property Investor · Columbus, OH · Member since 2017 · 3k+ posts · 3k+ votes
    5y
    Originally posted by @Chirisum Venkataramaiah:

    Hi folks, Is Columbus seeing any ripple-effects from the job cuts at the Universities (OSU) on the rental market? 

    Not sure about the staff side of things, but one of my friends campus rentals was rented out to part of the sports team, once the team found out the season was cancelled, they called code enforcement and got out of their lease.

    However my campus rental has stayed full! 

    1Reply
  • Melisa Jenkins
    Member since 2020 · 1 post · 2 votes
    5y

    @Ryan Cleary how about Cincinnati!

    2Reply
  • Tom Ott
    Equity Raiser and Turnkey Provider · Cleveland, OH · Member since 2016 · 4k+ posts · 1k+ votes
    5y
    Originally posted by @Ryan Cleary:

    Out of state investor, looking to join either or both.  Your thoughts?!

     Columbus is good and all, but the price point there is a little too high for many investors. There is also a lot of competition. I guess it just depends on what you are looking for. 

    Cleveland still has lower prices and it is less crowded with investors. Plenty of good options! 

    3Reply
  • Jon Schwartz
    Realtor · Los Angeles, CA · Member since 2018 · 952 posts · 1k+ votes
    5y

    @Ryan Cleary, 100% Columbus. Columbus is larger than its ever been, and the population growth is accelerating. Cleveland’s population peaked around 1950, and it hasn’t seen a year of population growth since.

    3Reply
  • Justin Schaefer
    Real Estate Investor · Mukwonago, WI · Member since 2017 · 76 posts · 16 votes
    5y

    @Jonathan Styer just curious, are there any deals to be had there on on the MLS on small multifamily now? Thanks!

    1Reply
Join the conversationCreate a free account to reply, vote on answers and follow this thread.
Log InJoin for Free