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Frederick Kuo
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Cleveland vs Cincinatti vs Columbus re MFH

Frederick Kuo
Posted Dec 28 2018, 12:09

Hi all. Californian here considering investing in multi family homes in Ohio. Trying to choose between these three cities based on my goals, just wanted to get some thoughts and suggestions from professionals and investors here. 

So I plan to start out smaller, perhaps with purchasing a duplex or triplex in the price range of $80,000 to $150,000. Obviously would like to make sure this is a property that can get decent long term tenants. Cap rates of 10% to 15% would be ideal. Much more concerned about having decent tenants however than getting the absolute highest cap rate. If all goes well, plan on purchasing more. 

Columbus seems to be the most economically vibrant city, however, the price point is higher. Open to any advice or suggestions. Thanks in advance.

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