Best city to begin investing
Hi! I am starting to become involved in real estate investing and I am looking between two cities in Ohio to purchase my first property (hopefully a duplex). Through my research, it says that Cleveland and Toledo are both good options for real estate investing. Which one is better? Is there a city that's better than both of these in Ohio? I do need a property that is not very expensive, which is why I have been looking into Clevland due to their low selling prices and high appreciation rates.
Most Popular Reply
As a newbie investor with limited capital, I’d invest close to home.
Invest in areas you know well.
I’ve been in the RE industry since 1978 and people always ask me:
What’s the best market to invest in?
My answer is: Invest in the market you know best.
Within Dayton, there surely are decent neighborhoods to invest in. Pick one that is improving, homes being renovated and flipped, vacant storefronts being turned into cool coffee shops etc.
Good luck.