Cleveland/Akron/Toledo Demographic decline

[Account Closed]

I know a lot of BP members invest in these areas. The COC returns look great, but does the population loss worry you in regards to future rental demand? If not why? I'd love to hear some impute from the Ohio investors out there.

[Kayla V.]

I'm in the process of investing in Akron, although I haven't closed on anything yet. I've been under contract on a short sale for ~4 months and have offered on a couple other SFRs. 

There are several large companies in Akron with diverse jobs- Goodyear, several hospitals, FirstEnergy headquarters. While I'm not counting on much appreciation, I'm also not worried that my investments will go to zero. I'm focusing on the nicer neighborhoods since I'm not experienced enough to tackle the rougher areas.