is Cleveland Ohio a good place to invest?

Investor-friendly agents in Cleveland, OH

See the agents BiggerPockets members work with in Cleveland, OH.

Most Popular Reply

James Wise
Real Estate Broker · Cleveland Dayton Cincinnati Toledo Columbus & Akron, OH · Member since 2013 · 31k+ posts · 20k+ votes
1y
Quote from @Jimmy Lieu:
Quote from @Alex Clark:

Looking to buy a property in Ohio

Hi Alex, I'm very familiar and have worked extensively in both markets. If you care just about positive cash flow (and you don't care about population growth, macroeconomics, or appreciation), definitely go with Cleveland. If you want good cash flow but amazing appreciation potential and rentals you want to hold for the rest of your life, I would definitely consider Columbus! In Columbus, you can still find the 1% rule and there's amazing appreciation potential due to how much population growth, job growth, and companies moving/developing there (recently Anduril just announced another 4,000 jobs coming to Columbus Ohio on top of Intel, Google, Amazon, FB, Nationwide, Ohio State University, etc.). Happy to connect and answer any questions you have!


 Every time Jim? C'mon bro bro. Let people live.

5Reply
See this reply in the discussion

16 Replies

Jump to latestLatest
  • Patrick DruryBusiness Member
    Real Estate Agent · Columbus, OH & Cleveland OH · Member since 2021 · 1k+ posts · 2k+ votes
    2y

    @Alex Clark
    The cleveland market is solid. I would recommend being in areas on the West Side of Cleveland like West Blvd, Cudell, Old Brooklyn, Clark Fulton, Edgewater, Jefferson, and Brooklyn Centre. The reason is the rent-to-price ratio is good so you can cash flow, and most of the West side doesn’t have a Point of sale inspection which is really annoying.


    [email protected]614-412-4565
    Reafco-557 Reviews
    View Page
    4Reply
  • Remington LymanBusiness Member
    Real Estate Agent · Columbus, OH · Member since 2017 · 6k+ posts · 7k+ votes
    2y
    Quote from @Alex Clark:

    Looking to buy a property in Ohio


    Cleveland has a lot of areas that are great for cash flow 

    [email protected]614-541-8475Podcast Guest on Show My Job Laid Me Off, So I Replaced My Salary with Rentals
    Reafco512 Reviews
    WebsiteView Page
    3Reply
  • Samuel DioufBusiness Member
    Real Estate Agent · Columbus & Cleveland, OH · Member since 2023 · 1k+ posts · 1k+ votes
    2y

    Cleveland is great for that high cash-flow. Columbus is worth looking into as well if you want to hold real estate long term.  

    [email protected]614-662-1652
    Reafco - Samuel Diouf528 Reviews
    WebsiteView Page
    2Reply
  • Uri Gofman
    Member since 2018 · 150 posts · 200 votes
    2y

    In general, Cleveland is an excellent market to purchase rentals.  You can identify good cash flow opportunities on a fairly large scale.  Many desirable neighborhoods that offer a consistent predictable return on investment.  Obviously each deal is unique and requires proper due diligence.  Best of luck with everything!

    3Reply
  • Anthony L Amos Jr
    Real Estate Agent · Columbus | Toledo · Member since 2019 · 608 posts · 768 votes
    2y
    Quote from @Alex Clark:

    Looking to buy a property in Ohio


    Solid cashflow market with a downtown revitalization.

    0Reply
  • Jessica LarsonBusiness Member
    Property Manager · Cleveland, OH · Member since 2023 · 108 posts · 96 votes
    2y

    Hi Alex,

    As others have mentioned, it has great cash flow, and there are many great areas to invest in here. Also, Cleveland is predicted to be one of the top 10 hottest markets in 2024 according to Zillow. I would be happy to help with any questions you have about the area! 

    Best,

    Jessica

    Haven Group Property Management11 Review
    WebsiteView Page
    0Reply
    • Gary Colaprico
      Member since 2024 · 1 post · 2 votes
      1y
      Quote from @Jessica Larson:

      Hi Alex,

      As others have mentioned, it has great cash flow, and there are many great areas to invest in here. Also, Cleveland is predicted to be one of the top 10 hottest markets in 2024 according to Zillow. I would be happy to help with any questions you have about the area! 

      Best,

      Jessica


      Hi Jessica, I'm in New Jersey where the REI market is getting kind of saturated and have been hearing Cleveland and actually all of Ohio is hot right now for RE investing. I am thinking of exploring other markets particularly Ohio. I read the threads and your post here on Bigger Pockets regarding the rental market do you have info regarding the rehab fix & flip market?

      Thanks Gary Colaprico

      2Reply
    • Jessica LarsonBusiness Member
      Property Manager · Cleveland, OH · Member since 2023 · 108 posts · 96 votes
      1y
      Quote from @Gary Colaprico:
      Quote from @Jessica Larson:

      Hi Alex,

      As others have mentioned, it has great cash flow, and there are many great areas to invest in here. Also, Cleveland is predicted to be one of the top 10 hottest markets in 2024 according to Zillow. I would be happy to help with any questions you have about the area! 

      Best,

      Jessica


      Hi Jessica, I'm in New Jersey where the REI market is getting kind of saturated and have been hearing Cleveland and actually all of Ohio is hot right now for RE investing. I am thinking of exploring other markets particularly Ohio. I read the threads and your post here on Bigger Pockets regarding the rental market do you have info regarding the rehab fix & flip market?

      Thanks Gary Colaprico

      While my main focus is property management, and I’m not as involved in the fix & flip market, I do know that Cleveland offers affordable entry prices and strong buyer demand in certain areas.

      Haven Group Property Management11 Review
      WebsiteView Page
      1Reply
  • James Wise
    Real Estate Broker · Cleveland Dayton Cincinnati Toledo Columbus & Akron, OH · Member since 2013 · 31k+ posts · 20k+ votes
    2y
    Quote from @Alex Clark:

    Looking to buy a property in Ohio


     Depends. Define what good means for you.

    0Reply
  • Albert Lopez
    Real Estate Broker · Rancho Cucamonga, CA · Member since 2016 · 2 posts · 2 votes
    1y

    @alexclark

     Did you ever invest in Cleveland Ohio? I’m looking into buying a rental(s) in this area. Still researching and taking a trip out there to drive the neighborhoods. Interested to know more about your findings / research. 

    2Reply
  • James Wise
    Real Estate Broker · Cleveland Dayton Cincinnati Toledo Columbus & Akron, OH · Member since 2013 · 31k+ posts · 20k+ votes
    1y
    Quote from @Albert Lopez:

    @alexclark

     Did you ever invest in Cleveland Ohio? I’m looking into buying a rental(s) in this area. Still researching and taking a trip out there to drive the neighborhoods. Interested to know more about your findings / research. 


     Give The Ultimate Guide to Grading Cleveland Neighborhoods a read. It should help you figure out what's what while you are here.

    0Reply
  • Jimmy LieuBusiness Member
    Real Estate Agent · Columbus, OH · Member since 2019 · 3k+ posts · 2k+ votes
    1y
    Quote from @Alex Clark:

    Looking to buy a property in Ohio

    Hi Alex, I'm very familiar and have worked extensively in both markets. If you care just about positive cash flow (and you don't care about population growth, macroeconomics, or appreciation), definitely go with Cleveland. If you want good cash flow but amazing appreciation potential and rentals you want to hold for the rest of your life, I would definitely consider Columbus! In Columbus, you can still find the 1% rule and there's amazing appreciation potential due to how much population growth, job growth, and companies moving/developing there (recently Anduril just announced another 4,000 jobs coming to Columbus Ohio on top of Intel, Google, Amazon, FB, Nationwide, Ohio State University, etc.). Happy to connect and answer any questions you have!

    [email protected]614-300-7535
    Jimmy Lieu, Red 1 Realty4.9124 Reviews
    WebsiteView Page
    0Reply
  • James Wise
    Real Estate Broker · Cleveland Dayton Cincinnati Toledo Columbus & Akron, OH · Member since 2013 · 31k+ posts · 20k+ votes
    1y
    Quote from @Jimmy Lieu:
    Quote from @Alex Clark:

    Looking to buy a property in Ohio

    Hi Alex, I'm very familiar and have worked extensively in both markets. If you care just about positive cash flow (and you don't care about population growth, macroeconomics, or appreciation), definitely go with Cleveland. If you want good cash flow but amazing appreciation potential and rentals you want to hold for the rest of your life, I would definitely consider Columbus! In Columbus, you can still find the 1% rule and there's amazing appreciation potential due to how much population growth, job growth, and companies moving/developing there (recently Anduril just announced another 4,000 jobs coming to Columbus Ohio on top of Intel, Google, Amazon, FB, Nationwide, Ohio State University, etc.). Happy to connect and answer any questions you have!


     Every time Jim? C'mon bro bro. Let people live.

    5Reply
  • Account Closed
    Realtor · Cleveland, OH · Member since 2023 · 340 posts · 215 votes
    1y

    Hi, yes Ohio is definitely a good place to invest in the real estate market. My clients are from all over the world investing in the market. Please feel free to reach out with any questions. Best Wishes!

    0Reply
  • Jimmy LieuBusiness Member
    Real Estate Agent · Columbus, OH · Member since 2019 · 3k+ posts · 2k+ votes
    1y
    Quote from @James Wise:
    Quote from @Jimmy Lieu:
    Quote from @Alex Clark:

    Looking to buy a property in Ohio

    Hi Alex, I'm very familiar and have worked extensively in both markets. If you care just about positive cash flow (and you don't care about population growth, macroeconomics, or appreciation), definitely go with Cleveland. If you want good cash flow but amazing appreciation potential and rentals you want to hold for the rest of your life, I would definitely consider Columbus! In Columbus, you can still find the 1% rule and there's amazing appreciation potential due to how much population growth, job growth, and companies moving/developing there (recently Anduril just announced another 4,000 jobs coming to Columbus Ohio on top of Intel, Google, Amazon, FB, Nationwide, Ohio State University, etc.). Happy to connect and answer any questions you have!


     Every time Jim? C'mon bro bro. Let people live.

    I answered his question! I gave him the difference between Cleveland and Columbus

    [email protected]614-300-7535
    Jimmy Lieu, Red 1 Realty4.9124 Reviews
    WebsiteView Page
    0Reply
  • James Wise
    Real Estate Broker · Cleveland Dayton Cincinnati Toledo Columbus & Akron, OH · Member since 2013 · 31k+ posts · 20k+ votes
    1y
    Quote from @Jimmy Lieu:
    Quote from @James Wise:
    Quote from @Jimmy Lieu:
    Quote from @Alex Clark:

    Looking to buy a property in Ohio

    Hi Alex, I'm very familiar and have worked extensively in both markets. If you care just about positive cash flow (and you don't care about population growth, macroeconomics, or appreciation), definitely go with Cleveland. If you want good cash flow but amazing appreciation potential and rentals you want to hold for the rest of your life, I would definitely consider Columbus! In Columbus, you can still find the 1% rule and there's amazing appreciation potential due to how much population growth, job growth, and companies moving/developing there (recently Anduril just announced another 4,000 jobs coming to Columbus Ohio on top of Intel, Google, Amazon, FB, Nationwide, Ohio State University, etc.). Happy to connect and answer any questions you have!


     Every time Jim? C'mon bro bro. Let people live.

    I answered his question! I gave him the difference between Cleveland and Columbus


    4Reply
Join the conversationCreate a free account to reply, vote on answers and follow this thread.
Log InJoin for Free