Cleveland and the 1% Rule
I just wrote an in-depth blog about the 1% Rule and the Cleveland Market and I was curious to get some feedback on whether investors still stick to the 1% Rule or if it's an outdated investing metric. There are a lot of great properties in the Cleveland market that fall into the 1% rule and seems to me like a good baseline metric for identifying good cash flow properties, but doesn't quite tell the whole story. There are also great investment areas in this market that don't fall into the 1% rule, but are in nicer neighborhoods that will get high rents and good appreciation.
I wanted to know what you think about the 1% rule and what are some metrics that you've found success using in this market, and your own. Look forward to hearing your feedback!