Hi everyone. New guy here and looking forward to learn. I'm from Canada and looking at buying my first rental, which will most likely be in Cleveland, within 6 months. Looking forward to chatting with you all.
New to Real Estate · Miami, FL · Member since 2024 · 1k+ posts · 441 votes
11mo
Welcome to the forum, JF, and congrats on taking the first step toward investing in US real estate. Cleveland can be a solid market for rentals thanks to its relatively low acquisition costs and strong rental demand, especially in stable working-class neighborhoods.
Since you're coming from Canada, you'll want to get familiar with a few key items early on cross-border tax implications, financing options as a foreign national, and property management solutions since you'll be remote. The good news is many investors from Canada have successfully built portfolios in the Midwest, and Cleveland has the kind of cash-flowing potential that makes it worth the homework.
Happy to help if you ever need to run numbers or evaluate strategy.
Investor · Toledo-MetroDetroit-Dallas · Member since 2022 · 122 posts · 71 votes
11mo
@JF Campeau, Welcome to BP and good idea to look into investing in Ohio (and the states in general). I urge you to look into Toledo Ohio too it's very close to Ontario. Only about an hour away from Windsor! Much lower price points too than a larger Ohioan city.
Realtor · Willow Grove, PA · Member since 2017 · 969 posts · 638 votes
11mo
Welcome @JF Campeau! Buying your first rental is a big step, and Cleveland has been a solid market for a lot of investors. There’s a lot to learn, but you’re definitely in the right place. Tons of helpful people around here, and I’m sure you’ll pick up a lot along the way. Feel free to ask questions, we’ve all been there. Looking forward to seeing your journey unfold!
Thank you Moe for your advice. I will check the area out for sure. Much appreciated! I’m close to the Quebec border but closer to home is definitely a plus. Thanks again
Hi everyone. New guy here and looking forward to learn. I'm from Canada and looking at buying my first rental, which will most likely be in Cleveland, within 6 months. Looking forward to chatting with you all.
New to Real Estate · Miami, FL · Member since 2024 · 1k+ posts · 441 votes
11mo
Welcome to the forum, JF, and congrats on taking the first step toward investing in US real estate. Cleveland can be a solid market for rentals thanks to its relatively low acquisition costs and strong rental demand, especially in stable working-class neighborhoods.
Since you're coming from Canada, you'll want to get familiar with a few key items early on cross-border tax implications, financing options as a foreign national, and property management solutions since you'll be remote. The good news is many investors from Canada have successfully built portfolios in the Midwest, and Cleveland has the kind of cash-flowing potential that makes it worth the homework.
Happy to help if you ever need to run numbers or evaluate strategy.
Hi everyone. New guy here and looking forward to learn. I'm from Canada and looking at buying my first rental, which will most likely be in Cleveland, within 6 months. Looking forward to chatting with you all.
Hey JF, welcome to BP and congrats on taking the first steps toward buying your first rental—that’s a huge move. Cleveland can definitely be a solid market for cash flow, and it’s great that you already have a timeline in mind. Since you’re investing from out of the country, having a good team on the ground is going to make a big difference in how smooth things go. I’d also encourage you to take a look at Columbus, Ohio as another strong option since it’s been one of the hottest markets in the Midwest with a lot of population and job growth, big companies moving in like Intel, Amazon, Google, Facebook, Honda, and Microsoft, and it’s still possible to find properties in the $120–180K range that hit the 1% rule and cash flow from day one. It’s a very landlord-friendly market with solid long-term potential. Happy to connect and answer any questions you have!