Best Areas in Cleveland, OH for Investors

Buying & Selling Real Estate
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Best Areas in Cleveland, OH for Investors

AJ Golden
Rental Property Investor · Canyon Country, CA · Member since 2016 · 26 posts · 19 votes
Hey BP, I'm a buy and hold investor, living in the Southern California area. My current investments are in the DFW, TX area, but I'm looking to purchase in the Cleveland, OH area. What are the solid B & C class neighborhoods in Cleveland? Are there certain zip codes I should stay away from? Thanks, AJG
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Investor-friendly agents in Cleveland, OH

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James Wise
Real Estate Broker · Cleveland Dayton Cincinnati Toledo Columbus & Akron, OH · Member since 2013 · 31k+ posts · 20k+ votes
9y

@AJ Golden Give this a read.

The Ultimate Guide to Grading Cleveland Neighborhoods.

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  • James Wise
    Real Estate Broker · Cleveland Dayton Cincinnati Toledo Columbus & Akron, OH · Member since 2013 · 31k+ posts · 20k+ votes
    9y

    @AJ Golden Give this a read.

    The Ultimate Guide to Grading Cleveland Neighborhoods.

    7Reply
  • AJ Golden
    OP
    Rental Property Investor · Canyon Country, CA · Member since 2016 · 26 posts · 19 votes
    9y
    James Wise this is EXACTLY what I need! Thanks!
    1Reply
  • Jack C.
    Sacramento, CA · Member since 2016 · 6 posts · 2 votes
    9y

    @James Wise Wow, that page is great. Happen to know if anything is available like this for Kansas City or Milwaukee?

    1Reply
  • James Wise
    Real Estate Broker · Cleveland Dayton Cincinnati Toledo Columbus & Akron, OH · Member since 2013 · 31k+ posts · 20k+ votes
    9y
    Originally posted by @AJ Golden:

    James Wise this is EXACTLY what I need! Thanks!

     That's why I made it! Good luck on your investing.

    1Reply
  • James Wise
    Real Estate Broker · Cleveland Dayton Cincinnati Toledo Columbus & Akron, OH · Member since 2013 · 31k+ posts · 20k+ votes
    9y
    Originally posted by @Jack C.:

    @James Wise Wow, that page is great. Happen to know if anything is available like this for Kansas City or Milwaukee?

     Thanks. Not sure if there is similar stuff for other areas. I only focus on what I know.

    Better to an expert in one field. Don't want to be a jack of all trades, master of none.

    0Reply
  • Eric P.
    New York City, NY · Member since 2016 · 470 posts · 348 votes
    9y

    @Jack C. Yeah, here's the same info for Kansas City:

    https://www.biggerpockets.com/forums/48/topics/276...

    0Reply
  • Dan Krupa
    Real Estate Broker · Phoenix, AZ · Member since 2013 · 749 posts · 399 votes
    9y

    @AJ Golden, PM @Chris Dawson if you have questions. He created the heat/zip code maps for KC.  Best of luck to you. 

    0Reply
  • Rob Gillespie
    Specialist · Cleveland, OH · Member since 2011 · 1k+ posts · 852 votes
    9y

    Hi Aj,

    There is money to be made in ALL of the zips, except for the Republic of East Cleveland! LOL

    Eastern burbs are good. Garfield, S Euclid,  Shaker, Euclid, etc..

    You really need to know what you are getting into. there are surprises in EVERY market. You need boots on the ground that will fill you in on what you could be in store for. 

    Also depends on your budget and game plan for what  ya plan on doing with the property once ya get it. 

    Hope that helps. 

    Good luck! 

    Maybe I will see ya when you vist my Beautiful hometown of Cleveland! The weather is great! LOL

    7Reply
  • Oren K.
    Rental Property Investor · Toronto, Ontario · Member since 2012 · 538 posts · 298 votes
    9y

    @Rob Gillespie - Take exception to your exception :), doing quite well in the Republic of EC thank you very much.

    Totally agree that you about surprises and so you should plan for the worst and hope for the best. The more challenging the area, the better your boots on the ground need to be.

    0Reply
  • Tom Ott
    Equity Raiser and Turnkey Provider · Cleveland, OH · Member since 2016 · 4k+ posts · 1k+ votes
    9y
    Originally posted by @AJ Golden:

    Hey BP,
    I'm a buy and hold investor, living in the Southern California area. My current investments are in the DFW, TX area, but I'm looking to purchase in the Cleveland, OH area. What are the solid B & C class neighborhoods in Cleveland? Are there certain zip codes I should stay away from?

    Thanks,
    AJG

     Make sure to do your research. Some areas in Cleveland do not always show up in your first searches, or other people's maps. For example, homes found in Lake County (just 20 minutes from Downtown) can get you AMAZING ROIs due to their locations and lower taxes. There are many who will argue which is better, East or West, but really once you get out of the innerring they are very similar. 

    Feel free to send me a message and I can give you some advice!

    1Reply
  • Rob Gillespie
    Specialist · Cleveland, OH · Member since 2011 · 1k+ posts · 852 votes
    9y

    @Oren K.- You are investing in the CITY OF EAST CLEVELAND? Not the East side of Cleveland?

    If so, I really want to talk to you. I do not know ANYONE that has had continuous luck there. I have done maybe 10 deals there in my life and they worked out, but it is so tough because of Point of Sale and quality of tenants. 

    I will completely admit if I am wrong, I would love to hear your strategy!! ( I am saying this with complete admiration and not sarcasm.)

    0Reply
  • Oren K.
    Rental Property Investor · Toronto, Ontario · Member since 2012 · 538 posts · 298 votes
    9y

    @Rob Gillespie - Yes - the CITY OF EAST CLEVELAND :)

    Not sure if it was so much strategy as dumb luck. Buying something for a low enough price gives you a lot of room for mistakes and learning as you go. 

    Looking to replicate success but most opportunities do not pencil out; property is too far gone, expenses under reported, etc. Most recent one I was looking at was in Cleveland Heights that was packaging 2 MF properties but the RE taxes in the combined proforma only had the RE taxes for 1 of them. Pointed this out to Seller and they went dark.... LOL.

    Oren

    0Reply
  • Rob Gillespie
    Specialist · Cleveland, OH · Member since 2011 · 1k+ posts · 852 votes
    9y

    LOL! It happens. 

    Ok, I was thinking you had a machine set up in The Republic! LOL

    0Reply
  • Ryan Santos
    Lender · Seattle, WA · Member since 2017 · 62 posts · 7 votes
    8y

    This post is very helpful, I too is looking into the Cleveland area for Buy and Hold properties. I see this was about 12 months ago so I was wondering if you have any updates if you did move forward in picking up a property or 2 and your experience so far? @AJ Golden

    0Reply
  • AJ Golden
    OP
    Rental Property Investor · Canyon Country, CA · Member since 2016 · 26 posts · 19 votes
    8y

    @Ryan Santos Me and my wife picked up a couple of properties and it’s been great so far. We want to do some more investing in the area, but want to fly out and get a better feel for the various neighborhoods first. As soon as winter is over, we’ll make our way out there. Good luck in your investing!

    0Reply
  • Ryan Santos
    Lender · Seattle, WA · Member since 2017 · 62 posts · 7 votes
    8y

    @AJ Golden Thanks for the input! Do you mind telling me who you worked with over there? you can PM me if you want. I have a goal of picking up atleast 2 properties possibly more. Are you working with a TK company or you have someone acting as your foot on the ground? Anyways Thanks again and I'm glad things are working out for you!!

    0Reply
  • AJ Golden
    OP
    Rental Property Investor · Canyon Country, CA · Member since 2016 · 26 posts · 19 votes
    8y

    @Ryan Santos I’m working with Holton Wise. I don’t believe they’re a TK company; however they have helped to manage every aspect of my acquisition, repair, and management. They do offer some turnkey opportunities, but I think they are a traditional Property Management company. I’m very happy with their partnership. @James Wise is on this tread. 

    1Reply
  • Ryan Santos
    Lender · Seattle, WA · Member since 2017 · 62 posts · 7 votes
    8y
    Glad to hear that, I am looking into doing business with them also:)
    1Reply
  • Angela Blaine
    Member since 2021 · 4 posts · 1 vote
    5y

    whats the best c class living area code in Ohio running into a lot of bad neighborhood 

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

    whats the best c class living area code in Ohio running into a lot of bad neighborhood 

     43211 - South Linden in Columbus, Ohio

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    1Reply
  • Kyle Tom
    Property Manager · Columbus, OH · Member since 2021 · 66 posts · 121 votes
    5y
    Originally posted by @Angela Blaine:

    whats the best c class living area code in Ohio running into a lot of bad neighborhood 

     How did you even find this thread? It was originally created over 4 years ago! Wild!!

    2Reply
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