Visiting Cleveland & Columbus OH, any tip for area to avoid?

Question

Going to visiting Cleveland & Columbus OH, any tip for area to avoid in those city? and Area to look at?

Remington Lyman · Answer

@Shuai Zeng As @Zeke Liston said it all depends on what you are looking for. Are you looking for extreme cash flow in D neighborhoods? Then you need to tour Linden, Hilltop and Whitehall. If you are looking for A neighborhoods with negative cash flow but solid appreciation you need to look at Clintonville, Short North, German Village, etc.

This is regarding Columbus, Ohio.

Lucas J Holt · Answer

Just to piggy back on what Remington said: don’t avoid any of them. There are very few places in Columbus that would be considered too dangerous to visit. There are great places to invest in Whitehall and the Hilltop. I would keep an open mind. You’ll know if you are in an area you aren’t comfortable with. My qualification for this opinion: I’ve been in law enforcement in the Columbus area for 18 years. If you are working with a realtor, convey to the them what your strategy is and what you’re looking for and they should easily be able to show you what you may be interested in.

Happy hunting.

Account Closed · Answer

"Heights" is describing your property tax bill in those suburbs. :)

David Terbeek · Answer

@Shuai Zeng, @Steven Taylor . Steve is correct, suburbs in Cleveland that end in Heights do have city point of sale, rental inspections and some higher taxes. However, I see it as those barriers to entry are what depress the prices, therefore making the investment still potentially lucrative. Be sure to do your homework and work with the right team that knows how to navigate.

Robert Ellis · Answer

Plenty of great areas in columbus. You should be looking at a lot close to downtown like olde towne east, king lincoln, southern orchards, franklinton, hungarian village among others. Dozens of our clients have projects going on in these areas. Things are going to be cheap and need a lot of rehab but if you are looking for value add in columbus these are a lot of the areas to check out!

Austin Steed · Answer

@Shuai Zeng

Coming from LA and visiting Columbus this time of year will be a little chilly... just a head up!

And yes as others have said, it all depends on your situation. Cash Reserves, and where you want your COC returns to be at.

If you want any suggestions for local lenders I'd be happy to share!

Best and happy investing,

Zeke Liston · Answer

@Shuai Zeng When visiting Columbus, I would avoid Whitehall, Mount Vernon, Hiltop, and Liden. As far as areas to visit, it would depend on what you're looking for in your investments.

Daniel Haberkost · Answer

@Shuai Zeng I’m from Cleveland, be wary of East Cleveland, it is a VERY rough area, the west side is much nicer.

There are plenty of suburbs on the east side that have potential for investors (Cleveland Heights, Shaker Heights, etc) but East Cleveland itself is rough. Do you have any idea where you want to look within the city?

Kevin Chan · Answer

Interested in seeing how it turns out

Shuai Zeng · Answer

@Steven Taylor Really? I was looking at couple property that is within my comfort budget range. I'm not really looking to do Flip at the moment but more of turn key property.

And thanks all for your reply.

Visiting Cleveland & Columbus OH, any tip for area to avoid?

Visiting Cleveland & Columbus OH, any tip for area to avoid?

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