Cleveland or Indianapolis

6 Replies

Hi BPers!

I’m a rental property investor out of state. Starting out as a matter in fact.

I’m trying to compare Cleveland and Indianapolis in the years to come.

Anyone has some inside stories to tell?

Thanks 

Clarence Gong

Originally posted by @Clarence Gong :

Hi BPers!

I’m a rental property investor out of state. Starting out as a matter in fact.

I’m trying to compare Cleveland and Indianapolis in the years to come.

Anyone has some inside stories to tell?

Thanks 

Clarence Gong

 What type of info are you looking for Clarence. This ain't my 1st Rodeo so I may have some insight for ya.

With people saying, the bubble is going to pop?

The numbers in Cleveland is going downhill?

Indianapolis is over priced too?

I just want to know the fact man! And how to get my money working!

Clarence

Originally posted by @Clarence Gong :

With people saying, the bubble is going to pop?

The numbers in Cleveland is going downhill?

Indianapolis is over priced too?

I just want to know the fact man! And how to get my money working!

Clarence

 Looking at the overall Cleveland market there are many suburbs who's pricing is higher today than it was before the bubble. However many of the areas Investors are focused on are still about the same or in some instances lower than they were before the big crash. Case & point the cash flow areas aren't really going to be subject to major swings in pricing like you'd see in other markets. Stuff you are buying today is likely going to have a stable price point over the course of your ownership.

This is a double edged sword though. What you gain by not having the risk of the bottom falling out you loose by not having your property quadruple in value over the ownership of it. If you're focused on this market you should do so with your main focus on leverage & cash flow. Get the bank to loan you that cheap money over 30 years & have the tenant's & associated cash flow pay off those mortgages for you.

Thanks a lot! Mike. Definitely helps!

I just posted a Grandview townhome check Topic under the Landlord and Rental property category. Really like to hear what you got to say!

Appreciate it!

Clarence