Hello everyone,

Anyone have any intel or experience with multi-family rentals in Cleveland Ohio? I was browsing through redfin and I noticed that homes can be purchased for as low as 50k! I'm looking to invest outside of the Los Angeles area, someplace a bit more affordable. My goal is cashflow!

Any help is welcome and greatly appreciated.

Best,

Jim

@Jim Jones

Make sure to connect with a local investor friendly agent there as there are lots of bad neighborhoods relative to good ones. You can find some great cash flow properties there if you get the right team in place! A property manager is critical

@Marc Rice

Thanks for the advice. Much appreciated!

Hi Jim, just bought one in Cleveland.  I can get you the lay of the land of what I learned if you're interested.  I did use a RE Agent, but he was new.  I did that so I can establish a relationship for the future.  

Let me know if you're interested in connecting.

Originally posted by @Jim Jones :

Hello everyone,

Anyone have any intel or experience with multi-family rentals in Cleveland Ohio? I was browsing through redfin and I noticed that homes can be purchased for as low as 50k! I'm looking to invest outside of the Los Angeles area, someplace a bit more affordable. My goal is cashflow!

Any help is welcome and greatly appreciated.

Best,

Jim

Yeah, properties are cheap in Cleveland due to the declining job and population growth. I recommend checking out Columbus, Ohio as well. It is a little more expensive but you can still find cashflow.

@Remington Lyman

Thats very interesting! I'll take a look at Columbus. Thank you very much!!

Jim

@Joe Jung

Thats awesome Let's! Let's connect!!

Would love to hear more about your experiences!

Thanks

Originally posted by @Jim Jones :

Hello everyone,

Anyone have any intel or experience with multi-family rentals in Cleveland Ohio? I was browsing through redfin and I noticed that homes can be purchased for as low as 50k! I'm looking to invest outside of the Los Angeles area, someplace a bit more affordable. My goal is cashflow!

Any help is welcome and greatly appreciated.

Best,

Jim

$50k is going to put you in some rough neighborhoods in Cleveland but yes, it can be done. My opinion you bring that up to the $75k range you can get some decently stable Section 8 properties. Before doing any investments in Cleveland I recommend you check out The Ultimate Guide to Grading Cleveland Neighborhoods for a look at the carious risk levels of each of the neighborhoods around town.

Originally posted by @Remington Lyman :

Originally posted by @Jim Jones:

Hello everyone,

Anyone have any intel or experience with multi-family rentals in Cleveland Ohio? I was browsing through redfin and I noticed that homes can be purchased for as low as 50k! I'm looking to invest outside of the Los Angeles area, someplace a bit more affordable. My goal is cashflow!

Any help is welcome and greatly appreciated.

Best,

Jim

Yeah, properties are cheap in Cleveland due to the declining job and population growth. I recommend checking out Columbus, Ohio as well. It is a little more expensive but you can still find cashflow.

lol bruhhhhhh. We should talk. Surely there has to be a better marketing pitch for you than "It ain't Cleveland."

Originally posted by @James Wise :

Originally posted by @Remington Lyman:

Originally posted by @Jim Jones:

Hello everyone,

Anyone have any intel or experience with multi-family rentals in Cleveland Ohio? I was browsing through redfin and I noticed that homes can be purchased for as low as 50k! I'm looking to invest outside of the Los Angeles area, someplace a bit more affordable. My goal is cashflow!

Any help is welcome and greatly appreciated.

Best,

Jim

Yeah, properties are cheap in Cleveland due to the declining job and population growth. I recommend checking out Columbus, Ohio as well. It is a little more expensive but you can still find cashflow.

 

lol bruhhhhhh. We should talk. Surely there has to be a better marketing pitch for you than "It ain't Cleveland."

That will be it until my brokerage expands into Cleveland