What's the deal with Ohio?

Buying & Selling Real Estate
3yFollow

What's the deal with Ohio?

Billy Daniel
Rental Property Investor · Russellville, AR · Member since 2014 · 688 posts · 509 votes

It seems that every time someone posts about where to invest, the floodgates open and the Ohio investors overrun the discussion.  Have I missed something in the last few months?  Why is it so trendy right now?

3Reply
81 views

Most Popular Reply

Remington LymanBusiness Member
Real Estate Agent · Columbus, OH · Member since 2017 · 6k+ posts · 7k+ votes
3y
Quote from @Arsen Atanasovski:

Well my opinion I would watch out for those Ohioans they might be a little bummed out because of OSU losing twice just saying…….:)


 They need a downvote option

[email protected]614-541-8475Podcast Guest on Show My Job Laid Me Off, So I Replaced My Salary with Rentals
Reafco512 Reviews
WebsiteView Page
9Reply
See this reply in the discussion

28 Replies

Jump to latestLatest
  • Mike Dymski
    Investor · Greenville, SC · Member since 2016 · 5k+ posts · 13k+ votes
    3y

    Those replies are advertisements from the OH turnkey providers.

    3Reply
  • Arsen Atanasovski
    Investor · Rochester, MI · Member since 2017 · 1k+ posts · 584 votes
    3y

    Well my opinion I would watch out for those Ohioans they might be a little bummed out because of OSU losing twice just saying…….:)

    3Reply
  • Remington LymanBusiness Member
    Real Estate Agent · Columbus, OH · Member since 2017 · 6k+ posts · 7k+ votes
    3y
    Quote from @Arsen Atanasovski:

    Well my opinion I would watch out for those Ohioans they might be a little bummed out because of OSU losing twice just saying…….:)


     They need a downvote option

    [email protected]614-541-8475Podcast Guest on Show My Job Laid Me Off, So I Replaced My Salary with Rentals
    Reafco512 Reviews
    WebsiteView Page
    9Reply
  • Chris SeveneyBusiness Member
    Moderator
    Investor · VA · Member since 2015 · 21k+ posts · 19k+ votes
    3y

    @Billy Daniel - because real estate is dirt cheap in ohio compared to many other places.

    7e investments53 Reviews
    WebsiteView Page
    2Reply
  • Aj Parikh
    Rental Property Investor · Centreville, VA · Member since 2019 · 1k+ posts · 799 votes
    3y

    Hi Billy, I have found value investing in Cleveland, OH because it is home to Cleveland Clinic, lot of good neighborhoods, landlord friendly laws, stable appreciation and good cash flowing properties. There are also abundant opportunities for small multi family and SFH. I have been able to scale up to 12 doors in 2 years so definitely recommend this area. Feel free to reach out and we can discuss.

    3Reply
  • Dave PoeppelmeierBusiness Member
    Realtor · Maumee, OH · Member since 2015 · 491 posts · 722 votes
    3y
    Quote from @Billy Daniel:

    It seems that every time someone posts about where to invest, the floodgates open and the Ohio investors overrun the discussion.  Have I missed something in the last few months?  Why is it so trendy right now?


     It's easy, you save a keyword search for "Ohio"... 😄 In all seriousness, we see lots of investors coming to Ohio for the relatively low prices compared to the other areas of the country. Plus, Ohio does have everything: Columbus is a hot market and hot city with limitless expansion potential (literally it is surrounded by farmland), Cleveland and Cincinnati are both established major metro areas with high end areas and cash flow areas, and the tertiary markets of Toledo, Dayton, and Akron also have great cashflow returns.

    Podcast Guest on Show #380
    Keller Williams Citywide | Dave Poeppelmeier534 Reviews
    WebsiteView Page
    1Reply
  • Arsen Atanasovski
    Investor · Rochester, MI · Member since 2017 · 1k+ posts · 584 votes
    3y

    @Remington Lyman that’s a good one! :)

    1Reply
  • Sam McCormackBusiness Member
    Real Estate Agent · Cincinnati, OH/NKY · Member since 2021 · 1k+ posts · 833 votes
    3y

    @Billy Daniel

    Hi Billy, I would say the cash flow. The fact that there is a 3 headed monster in that state I would say does it. I am an agent in Cincinnati and the cash flow is aplenty

    [email protected]859-443-4952
    Sam McCormack Realtor
    View Page
    1Reply
  • Katie McCartney
    Real Estate Broker · Columbus, OH · Member since 2014 · 33 posts · 17 votes
    3y


    @Billy Daniel Like everyone has been saying Ohio has been "dirt cheap" compared to other areas in the United States.  In Central Ohio there has been an influx of jobs that everyone has been flocking to and the recent commitment of Intel building a facility in the Northeast section of Columbus, has all the investors hunting for the best deal.    Being from Central Ohio, I know that they have a concerted effort on attracting jobs and have a entity called One Columbus to get us there.  They have been working on this since 2010 and have been successful.  This has driven up home prices, rental rates, etc.

    2Reply
  • Anthony L Amos Jr
    Real Estate Agent · Columbus | Toledo · Member since 2019 · 608 posts · 768 votes
    3y

    "Ohio. Find it here." 

    3Reply
  • Bob S.
    Real Estate Consultant · Cleveland · Member since 2020 · 6k+ posts · 3k+ votes
    3y
    Quote from @Billy Daniel:

    It seems that every time someone posts about where to invest, the floodgates open and the Ohio investors overrun the discussion.  Have I missed something in the last few months?  Why is it so trendy right now?

     Cleveland, Last few months, no, you missed " something " over the last 5, 6 7 years. It was voted the #1 rental market by Forbes ,17- 18 but they were not paying attention the previous years. Hey I just looked Forbes had it in the top 5 for 2021, I was not even aware) We used to buy all in 30- 35k in the better areas with 1k- 1200 in rent , so 20% ++ net caps. Pricing has more than doubled, tripled or more in most areas. MF you could have purchased for 10k per unit, now the avg is about 40- 65k,,, .We are still able to get good deals, (10% + net caps) just not off the chart great deals, well once in a while. We are now trying to buy as much as we can in East Cleveland. I know many of you will search the internet (waste of time) and think I am crazy, but that's what I was told 10 years ago about " setting up shop" there.  and well .....

    Amazon taking about 3 mill sq ft, new hotels, restaurants, massive infrastructure and more. The city is beautiful, one of the best walking cities in AMerica. I call it a big little city as it has it all. Some of the best Italian food you will find. that's the biggest plus LOL.  

    All the best  

    5Reply
  • Tyler EveridgeBusiness Member
    Real Estate Broker · Dayton and Cincinnati, OH · Member since 2019 · 80 posts · 74 votes
    3y

    -Low price point to entry 

    -Landlord friendly 

    -High Cash Flow 

    -I like Dayton and Cleveland because they flow High, Columbus for appreciation, Cincy for STR

    -typically will have long term tenants depending on which area of Ohio you choose 

    I personally invest my money in Ohio and will continue to do so. Especially in this current market, I would rather have steady cash flow in a good neighborhood with good economics versus speculating on an appreciation play in an overpriced city outside of Ohio. 

    6Reply
  • Account Closed
    Rental Property Investor · Brooke Park Drive · Member since 2018 · 1k+ posts · 2k+ votes
    3y

    Ohio is in the path of progress as the entire southwest quadrant of the country runs out of water and millions of people move north and east to Toledo.

    3Reply
  • Jay ThomasPro Member
    Real Estate Agent · Houston, TX · Member since 2021 · 1k+ posts · 715 votes
    3y

    Wow, it's incredible to see how much the rental market in Cleveland has changed over the last few months. It went from being voted the number one rental market by Forbes back in 2017-2018, to now being placed in the top 5 for 2021 - a trend that was not noticed previously. Prices have skyrocketed as well, with single units going from being able to be bought for $30-35k in the better areas with rent averages of $1k-$1200, to now prices averaging around $40-65k. It's an incredible change from what we can remember! Will have to see how this market continues to develop over the coming months.

    It'll be interesting to observe how Cleveland's rental market shifts over the following months. With prices increasing exponentially, and the city placing in Forbes' top 5 for 2021, it will be intriguing to see how all of this plays out. It'll be a wild ride to keep an eye on!

    Ultimately, changes like these can make or break a city. It'll be interesting to see how Cleveland progresses through this period of volatility and uncertainty. Hopefully, it will become a more stable market for investors in the near future. We'll have to wait and see.

    In conclusion, changes in the rental market of Cleveland are drastic - from being voted number one back in 2017-2018, to now having prices almost double or triple what they were before. It's definitely an area to keep a close eye on, as we never know where a city's rental market is headed! We can only hope things continue to move in the right direction for Cleveland's rental market.

    That being said, we'll have to wait and observe how this situation plays out over the coming months. It'll be quite the ride!

    [email protected]832-889-5607
    0Reply
  • Harrison Chow
    Real Estate Agent · Columbus, OH · Member since 2019 · 292 posts · 364 votes
    3y

    Columbus is a great city for real estate investment because of its diverse and growing economy, its affordable housing market, its growing population, its favorable tax structure, its low unemployment rate, its solid infrastructure, and its excellent location. The city is home to numerous Fortune 500 companies, as well as many other businesses and industries, making it an attractive place for businesses to locate and expand. Additionally, the city's housing market is affordable for both buyers and renters, making it attractive for those looking to invest in real estate. Finally, its location in the Midwest makes it a great place for businesses and people looking for new opportunities.

    1Reply
  • Allan C.
    Rental Property Investor · Member since 2018 · 826 posts · 810 votes
    3y

    @Billy Daniel the key is to invest counter-cyclically. If everyone is rushing into OH now it’s likely over-hyped. There may be a little room to get on the correct side of the supply stack, but there’s also risk of being on the flip side.

    Sounds like good fundamentals shared about the region, but you’ll have to verify the supply/demand forecast.

    0Reply
  • Shlomo Koheler
    Rental Property Investor · centervill in · Member since 2019 · 86 posts · 49 votes
    3y

    @Aj Parikh

    I am also in Ohio,

    Although I keep away from Cleveland because in comparison to other cities it is not landlord friendly 😉

    I was also able to scale significantly we own today three digit portfolios.

    And yeah and most Ohio cities a 250,000 home gives you a very very nice living.

    2Reply
  • Billy Daniel
    OP
    Rental Property Investor · Russellville, AR · Member since 2014 · 688 posts · 509 votes
    3y

    @Allan C. that was my thought.  If it's this big in these forums, the good deals are likely long gone.  I'm sure there are some scattered here and there, but the hype has no doubt driven demand for the area way up (along with prices).

    1Reply
  • Bob S.
    Real Estate Consultant · Cleveland · Member since 2020 · 6k+ posts · 3k+ votes
    3y

    A perfect example is a post from someone out of Ca. I read this morning. Back in 09 he paid all in about 50k, now is turning down 200k. This is on top of the 15% net cap he has been getting, not so bad :) 

    SO many " throw rocks" at Cleveland and other areas without having any real-life knowledge, just what they read on the internet

    All the best to everyone 

    0Reply
  • Bob S.
    Real Estate Consultant · Cleveland · Member since 2020 · 6k+ posts · 3k+ votes
    3y
    Quote from @Mike Dymski:

    Those replies are advertisements from the OH turnkey providers.


     Well not really. I see post all the time from investors showing how they have doubled tripled or more their money on top of the double digit net caps,,,,,,

    BTW Greenville, nice area, stopped there last year on my way to Ashville. Will stop again in two weeks on the way to the Christmas light show at the Biltmore 

    0Reply
  • Bob S.
    Real Estate Consultant · Cleveland · Member since 2020 · 6k+ posts · 3k+ votes
    3y
    Quote from @Account Closed:

    Ohio is in the path of progress as the entire southwest quadrant of the country runs out of water and millions of people move north and east to Toledo.

    Well not sure about moving to OH much to cold and no ocean, 
    All the best 

    0Reply
  • Scott Mac
    Austin, TX · Member since 2019 · 5k+ posts · 5k+ votes
    3y

    Hi in the middle--round on both ends = Ohio.

    1Reply
  • Arsen Atanasovski
    Investor · Rochester, MI · Member since 2017 · 1k+ posts · 584 votes
    3y

    GO BLUE!

    0Reply
  • Scott AllenBusiness Member
    Real Estate Agent · Columbus, OH · Member since 2020 · 449 posts · 471 votes
    3y

    @Billy Daniel

    It's just one of the best markets in the midwest right now/still. Test it out and buy a duplex here. You'll see more appreciation and growth in Columbus as well as cash flow. You'll see more cash flow in Cleveland. If you're looking at a tertiary market in Ohio - analyze what its economic driver is (a nearby college or university always helps)

    [email protected]614-698-1227
    Reafco - Columbus, OH
    WebsiteView Page
    2Reply
  • James Wise
    Real Estate Broker · Cleveland Dayton Cincinnati Toledo Columbus & Akron, OH · Member since 2013 · 30k+ posts · 20k+ votes
    3y

    It's mad dope yo

    0Reply
Join the conversationCreate a free account to reply, vote on answers and follow this thread.
Log InJoin for Free