Investing in the Cleveland Ohio market

Investing in the Cleveland Ohio market

Portland, OR · Member since 2019 · 7 posts · 2 votes

I'm looking to talk to someone who is investing in Cleveland to pick their brain on what areas in Cleveland are thriving so I    can see if that's the right area for me. I used the rental calculator and the cash flow makes sense it would come out to about $312 a month. Thank you for your time.

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  • Investor · Salt Lake City, UT · Member since 2017 · 47 posts · 17 votes
    7y

    @Steven Dufault

    If you or another investor is serious about investing in the Cleveland market, I have a portfolio of 18 duplexes I’m looking to sell for under $1 million- solid cash flowing portfolio

    I’m focused on building my flipping business nationwide the next few years and am selling all my rentals

    Thanks

  • Portland, OR · Member since 2019 · 7 posts · 2 votes
    7y

    @Stuart Fox honestly I’m just trying to get started and I think that 18 duplexes would be a little overwhelming for my first investment property but I would be interested in purchasing one duplex in the right area.

  • Investor · Salt Lake City, UT · Member since 2017 · 47 posts · 17 votes
    7y

    @Steven Dufault I hear you. That's the beautiful thing with SFR portfolios - easy to sell the whole or parts. I have some solid working class area duplexes for sale

  • Portland, OR · Member since 2019 · 7 posts · 2 votes
    7y

    @Stuart Fox well before I go any further I would first like to thank you for posting in the forum I really appreciate it. How would I go about seeing these properties? Do you have a website?

  • Real Estate Broker · Cleveland Dayton Cincinnati Toledo Columbus & Akron, OH · Member since 2013 · 31k+ posts · 20k+ votes
    7y
    Originally posted by @Steven Dufault:

    I'm looking to talk to someone who is investing in Cleveland to pick their brain on what areas in Cleveland are thriving so I    can see if that's the right area for me. I used the rental calculator and the cash flow makes sense it would come out to about $312 a month. Thank you for your time.

     Welcome aboard Steve. 1st thing you should do is take a look at The Ultimate Guide to Grading Cleveland Neighborhoods. It should answer a lot of your initial questions on the market.

  • Portland, OR · Member since 2019 · 7 posts · 2 votes
    7y

    @James Wise thank you so much for the info that is some good info.

  • Real Estate Broker · Cleveland Dayton Cincinnati Toledo Columbus & Akron, OH · Member since 2013 · 31k+ posts · 20k+ votes
    7y
    Originally posted by @Steven Dufault:

    @James Wise thank you so much for the info that is some good info.

     Anytime my man.

  • Realtor · Cleveland, OH · Member since 2015 · 2k+ posts · 857 votes
    7y

    Welcome to the chat. Curious what numbers you running to get that cash flow?

  • Portland, OR · Member since 2019 · 7 posts · 2 votes
    7y

    @Federico Gutierrez I was looking at Martel turnkey properties and after doing more research on turnkeys they don’t sound like a good investment.

  • Realtor · Cleveland, OH · Member since 2015 · 2k+ posts · 857 votes
    7y

    It sounds like smokes and mirrors to me.

    Be interested to know where the location is and what they claim this area to be? An A Class area...

  • Portland, OR · Member since 2019 · 7 posts · 2 votes
    7y

    @Federico Gutierrez it looks like it’s in the Euclid area but everything I’ve read on turnkeys in the last 12 hours is that they do shoddy work and it’s usually in a bad neighborhood

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