Which cities do you invest in OHIO? & Why?

Question

Recently heard that state of Ohio is a good place to invest if you are looking for a cashflow market. With some many cities to choose from in OH, where does one go about picking the right city to lay the foundation? I've heard good things and bad things about each of the major cities.

For example, while pop is moving out of Cleveland, the city is dominated by medical and tech industries and the prices are still reasonable. Columbus has been blowing up and becoming a very competitive market in recent months. Cincinnati is also following its footsteps and seems like more people are moving there as well.

I know that maybe it's better to just pick a market and go with it, but wanted to hear any local investors willing to share their experience to why they invest in that area.

Remington Lyman · Answer

I recommend you read this article on OOS investing. It explains the importance of creating your core four. You will need to get a local, rockstar Realtor, contractor, lender, and property manager.

https://www.biggerpockets.com/blog/core-four-real-estate-team

I invest locally in Columbus, Ohio

Jordan Noble · Answer

The sub-markets of any city are where you are going to better pinpoint cashflow v appreciation although the greater metro market indicators are still important.

For example, there are neighborhoods in columbus (the higher appreciation city, typically) that will have little or no appreciation and just straight cashflow just like there are neighborhoods in cleveland (the lower appreciation city, typically) that have great appreciation potential because of sub-market trends.

As mentioned above, just pick one and roll with it.  Build a competent boots on the ground team and communicate what your goals are.

Patrick Drury · Answer

@Johnson Yu

Columbus OH is a great city to invest in because of the population growth and job opportunities. Columbus has solid appreciation and good cash flow. If you are looking to park money, cash flow, and do nothing other than that, Cleveland would be your place. Columbus offers good cash flow, but solid appreciation that no other city in Ohio can match.

Marc Rice · Answer

@Johnson Yu

Columbus Ohio due to its growth in population jobs and companies being headquartered here. Plus the strong presence of professional sports and affordable living make it a great destination for growth. It’s a great cash flow and appreciation market hybrid.

Johnson Yu · Answer

@Remington Lyman thanks for the info, im actually half way through the book! Open to suggestions for property managers & contractors/handyman in ohio if you recommend anyone.

Michael Craven · Answer

@Johnson Yu There are a lot of good cities to invest in Ohio. Cleveland, Columbus, and Cincy all are solid. Each has their own unique qualities but all-in-all they are pretty standard midwestern markets. You can also go into some smaller city markets like Toledo, Dayton, and Akron and find some great deals, too. There’s also plenty of good college towns, too, like Athens and Oxford. You really can’t go wrong- you just got to pick one to start and focus on learning that specific market.

Which cities do you invest in OHIO? & Why?

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