Columbus vs. Cleveland
25 Replies
Abe McLaurin
Realtor from Columbus OH & Denver, CO
posted 11 months ago
Hello Bigger Pockets Community,
As a student at The Ohio State University, I have begun to dive into the Columbus market. So far I have enjoyed learning about Columbus and the recent trends/developments that impact it everyday. On the "Ohio" forums I often see investors talking about the Cleveland market as well. My first time in Cleveland was 2 weeks ago, I loved the area and would love to learn more about the market.
My question for you all is, What are some big differences between Columbus and Cleveland? Overall how would you describe the difference or similarities in each market and the factors that impact them?
Aaron K.
Specialist from Riverside, CA
replied 11 months ago
One city is growing in population the other is shrinking, in my mind the choice is clear if it is between those two. However for max cash flow investors they may come to a different conclusion.
Cory Wallace
Rental Property Investor from Norfolk, VA
replied 11 months ago
@Abe McLaurin O-H......!!!!! Cleveland presents great opportunities also. You only two hours away. Try it out!
Omer Zakai
Rental Property Investor from NYC
replied 11 months ago
As a new investor in Columbus, it is very hard to find solid deals ( 8% COC and up) on a SFH in B/C areas as it is a very hot market those days. I have a lot of friends that invest in Clevland and see great returns.
Abe McLaurin
Realtor from Columbus OH & Denver, CO
replied 11 months ago
@Omer Zakai Interesting. Do you primarily focus on SFH? or have you had similar results with multifamily?
Zeke Liston
Real Estate Agent from Columbus, OH
replied 11 months ago
I would agree with @Aaron K. ! Both cities have different pros and cons. You can usually find better cash-flow in Clevland but the overall trajectory of Columbus is better in my opinion due to the population growth @Abe McLaurin .
Omer Zakai
Rental Property Investor from NYC
replied 11 months ago
@Abe McLaurin Yes, you will get better cash flow on a multi. I open to investing in either as well. I am fairly new in Columbus, only 2 months.
Remington Lyman
Real Estate Agent from Columbus, OH
replied 11 months ago
Originally posted by @Omer Zakai :As a new investor in Columbus, it is very hard to find solid deals ( 8% COC and up) on a SFH in B/C areas as it is a very hot market those days. I have a lot of friends that invest in Clevland and see great returns.
You can find those returns in the Columbus suburbs. @Sharanpal Singh Sandhu What do you calculate your COC return at for yours?
Tom Ott
Equity Raiser and Turnkey Provider from Cleveland, OH
replied 11 months ago
Originally posted by @Abe McLaurin :Hello Bigger Pockets Community,
As a student at The Ohio State University, I have begun to dive into the Columbus market. So far I have enjoyed learning about Columbus and the recent trends/developments that impact it everyday. On the "Ohio" forums I often see investors talking about the Cleveland market as well. My first time in Cleveland was 2 weeks ago, I loved the area and would love to learn more about the market.
My question for you all is, What are some big differences between Columbus and Cleveland? Overall how would you describe the difference or similarities in each market and the factors that impact them?
Both are great. I think Columbus may have a few too many investors for my liking. Cleveland is still pretty untapped. You don't have as much competition when making offers.
Omer Zakai
Rental Property Investor from NYC
replied 11 months ago
@Remington Lyman What areas you consider to be "Columbus suburbs" ?