East Cleveland Ohio Investing

[Michael Lewis]

Hello fellow Cleveland Investors,

So far I’ve stayed away from East Cleveland proper and stuck with the suburbs however I’m curious to know if anyone has experience in East Cleveland proper for buy and hold rentals? The area as I understand is a D with small pockets that may be better. The CF is very good which makes it enticing to consider. Duplexes/Triplexes I’ve seen make closer to the 2% rule which isn’t easily found in better areas. For those that have experience, do you find that tenant turnover and maintenance is extremely high? Possibly even vandalism?

East Cleveland Proper - Yay or Nay?

[James Wise]

Originally posted by @Michael Lewis:

@James Wise I understand that James. Unfortunately that’s actually a common occurrence in many areas. My question was more relating back to East Cleveland and if it’s generally a “stay away” area for OOS investors.

When the junkies start stealing the gutters and the siding that means everything else is already gone. So all the normal stuff like Copper piping that you see stolen is long gone. Hot water tank, gone. Furnace, gone. Copper wiring, gone. The only places that people are so brazen as to regularly steal the siding off of properties because everything inside of them is already gone are located in the hardcore ghetto. 

The only people who live in areas like this are those who can't live anywhere else. So you got your drug addicts, hookers, child molesters, rapists, thieves, meth heads, gang members and other undesirables......So the answer to your question isn't relevant to where you live. It's are you interested in dealing with these types of people and the costs that come with them on a regular basis?