Looking to invest in my first multifamily/Looking to connect

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Looking to invest in my first multifamily/Looking to connect

Joe Auletta
Member since 2021 · 13 posts · 18 votes

Hello everyone I'm new to real estate and looking for a good market to invest in a duplex around the 100-200k mark. I'm currently looking in Cleveland OH. Any advice or recommendations would be greatly appreciated thanks.

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

@Joe Auletta
If you are looking in Cleveland 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
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  • Drago Stanimirovic
    New to Real Estate · Miami, FL · Member since 2024 · 1k+ posts · 469 votes
    1y

    Welcome, Joe!

    Cleveland is a solid market for duplex investments, especially within your price range. The rental demand is strong, and property values remain relatively affordable compared to other metros. Look into areas like Old Brooklyn, West Park, and parts of Euclid for good cash flow opportunities. Also, check local landlord-tenant laws and property taxes, as they can impact your returns.

    0Reply
  • Joe Auletta
    OP
    Member since 2021 · 13 posts · 18 votes
    1y

    Thank you, Drago. Will do I appreciate the advice!

    1Reply
  • Drago Stanimirovic
    New to Real Estate · Miami, FL · Member since 2024 · 1k+ posts · 469 votes
    1y

    You are welcome Joe! Should you need help with financing, feel free to reach out, Happy to help!

    0Reply
  • Joe Auletta
    OP
    Member since 2021 · 13 posts · 18 votes
    1y

    I actually have a few questions ill shoot you a DM tomorrow thanks again!

    0Reply
  • Patrick DruryBusiness Member
    Real Estate Agent · Columbus, OH & Cleveland OH · Member since 2021 · 1k+ posts · 2k+ votes
    1y

    @Joe Auletta
    If you are looking in Cleveland 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-556 Reviews
    View Page
    1Reply
  • Nadeem Alamgir
    Real Estate Agent · Member since 2023 · 831 posts · 577 votes
    1y

    Hey Joe, if you’re looking for a duplex in the $100K–$200K range, Cleveland is definitely a great market to research.

    To get your feet wet, focus on the west side, particularly in zip codes 44111, 44102, and 44109. These areas have duplexes within your price range that are either rent ready or close to it. Plus sales comps are solid, and rental demand is strong, making them great spots for cash flow.

    Let me know if you have any questions, happy to help!

    0Reply
  • Min ZhangBusiness Member
    Real Estate Agent · Member since 2022 · 1k+ posts · 1k+ votes
    1y

    Hey Joe, For that price range, you're likely looking at C-class neighborhood duplexes in Cleveland. I have clients who buy in those areas with cash-on-cash returns ranging from 10-18% for long-term rentals. There are also large hospitals nearby, which can be a great opportunity to target travel nurses and leverage the real estate. If you ever want to brainstorm options, happy to chat!

    [email protected]614-412-2912
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  • Evan HoppleBusiness Member
    Real Estate Agent · Columbus Cleveland Dayton, OH · Member since 2023 · 284 posts · 420 votes
    1y

    @Joe Auletta

    Cleveland is a great market to get started in. With this being your first deal, I would stick to a turnkey property to avoid a big rehab. $180-200k can go a long way in a C+/B- area

    [email protected]614-924-8151
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  • Julio GonzalezPro Member
    Specialist · West Palm Beach, FL · Member since 2008 · 4k+ posts · 1k+ votes
    1y

    Welcome to BiggerPockets, Joe! You came to the right place for information! 

    561-253-6640
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  • Joe Auletta
    OP
    Member since 2021 · 13 posts · 18 votes
    1y
    0Reply
  • Shawn McenteerBusiness Member
    Realtor · Boonton Township, NJ · Member since 2013 · 2k+ posts · 1k+ votes
    1y
    Quote from @Joe Auletta:

    Hello everyone I'm new to real estate and looking for a good market to invest in a duplex around the 100-200k mark. I'm currently looking in Cleveland OH. Any advice or recommendations would be greatly appreciated thanks.


    Best advice I can give is look locally to where you live and house hack. Owner occupied loans are a major advantage.  

    973-975-3895
    House Hacking New Jersey563 Reviews
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