What’s the deal with Ohio?

Innovative Strategies
5yFollow

What’s the deal with Ohio?

Cameron McNulty
Minneapolis, MN · Member since 2020 · 61 posts · 56 votes

Hi guys, this one is for my OHIO investors/real estate people. What’s the deal with Ohio? I swear people are RAVING about Ohio, I can’t stop hearing Ohio and real estate in the same sentence LOL.

The only thing I really know about Ohio, is that not a lot happens in Ohio. This is probably an ignorant statement so TELL ME... Is there something i’m missing about the great state of OH?

20Reply
447 views

Most Popular Reply

Remington LymanBusiness Member
Real Estate Agent · Columbus, OH · Member since 2017 · 6k+ posts · 7k+ votes
5y
Originally posted by @Joe S.:

I see so many people promoting Ohio I almost wonder if it’s being oversold. I kind of wondered about that myself because they have a higher number of realtors promoting their services than it seems any other state.

[email protected]614-541-8475Podcast Guest on Show My Job Laid Me Off, So I Replaced My Salary with Rentals
Reafco512 Reviews
WebsiteView Page
26Reply
See this reply in the discussion

164 Replies

Jump to latestLatest
  • Michael Orlando
    Investor · Cleveland, OH · Member since 2019 · 147 posts · 156 votes
    5y

    @Cameron McNulty I live and invest in Cleveland and am a big fan to be honest! The affordability is there, the purchase price to rent ratios are pretty solid for how strong the market currently is, and although there isn't huge population or job growth, Cleveland has always been a pretty stable market - not a lot of ups or downs. Occupancy has been good historically too. In addition, Columbus and Cinci are both strong markets. I think the fact that Ohio has 3 major metros that are all solid places to invest makes Ohio special. Many of the smaller, more blue collar cities are strong rental markets as well such as Akron/Canton and Dayton, but tend to have less competition than the larger markets allowing smaller investors to thrive. Obviously I'm a bit biased, but I do love being in Ohio!

    24Reply
  • Cameron McNulty
    OP
    Minneapolis, MN · Member since 2020 · 61 posts · 56 votes
    5y

    @Michael Orlando

    Very interesting! What is the job market like??

    3Reply
  • James Wise
    Real Estate Broker · Cleveland Dayton Cincinnati Toledo Columbus & Akron, OH · Member since 2013 · 30k+ posts · 20k+ votes
    5y
    Originally posted by @Cameron McNulty:

    Hi guys, this one is for my OHIO investors/real estate people. What’s the deal with Ohio? I swear people are RAVING about Ohio, I can’t stop hearing Ohio and real estate in the same sentence LOL.

    The only thing I really know about Ohio, is that not a lot happens in Ohio. This is probably an ignorant statement so TELL ME... Is there something i’m missing about the great state of OH?

     Cheap real estate dawg. They are raving about cheap real estate.

    15Reply
  • Hans Suljic
    Member since 2020 · 19 posts · 32 votes
    5y

    I've thought about investing in Ohio for a while. You can definitely get a lot of bang for your buck and from what I hear it's also a more of a "landlord friendly" state.

    7Reply
  • Michael Orlando
    Investor · Cleveland, OH · Member since 2019 · 147 posts · 156 votes
    5y

    @Cameron McNulty Job market is more "traditional" if that makes sense?? Good amount of manufacturing, lots of banks, pretty good diversity of small businesses.. Not as progressive or tech oriented as Columbus for example, but stable. 

    @Hans Suljic I'd recommend looking for some deals here! Bang for you buck is true!

    4Reply
  • Andrew Weiner
    Property Manager · Cleveland, OH · Member since 2020 · 268 posts · 315 votes
    5y
    Originally posted by @Cameron McNulty:

    @Michael Orlando

    Very interesting! What is the job market like??

     The job market is pretty good. Cleveland specifically is big in medicine. I don’t have exact unemployment numbers but anecdotally I don’t hear of many people leaving town because they couldn’t find work.

    I am also a very proud Clevelander who very much enjoys the area. It’s got a little bit of everything with out being overwhelming.

    8Reply
  • Cameron McNulty
    OP
    Minneapolis, MN · Member since 2020 · 61 posts · 56 votes
    5y

    @Andrew Weiner

    Are their certain parts of Ohio that attract investors more than others?

    1Reply
  • Remington LymanBusiness Member
    Real Estate Agent · Columbus, OH · Member since 2017 · 6k+ posts · 7k+ votes
    5y
    Originally posted by @Cameron McNulty:

    @Andrew Weiner

    Are their certain parts of Ohio that attract investors more than others?

     Columbus, Ohio has an increasing job and population growth. I moved here 9 years ago from CT and I do not regret it.

    [email protected]614-541-8475Podcast Guest on Show My Job Laid Me Off, So I Replaced My Salary with Rentals
    Reafco512 Reviews
    WebsiteView Page
    8Reply
  • Cameron McNulty
    OP
    Minneapolis, MN · Member since 2020 · 61 posts · 56 votes
    5y

    @Michael Orlando

    What made you decide Cleveland over any other parts of OH?

    1Reply
  • Joe S.Pro Member
    Investor · San Antonio · Member since 2020 · 3k+ posts · 3k+ votes
    5y

    I see so many people promoting Ohio I almost wonder if it’s being oversold. I kind of wondered about that myself because they have a higher number of realtors promoting their services than it seems any other state.

    5Reply
  • Reece Iovine
    Realtor · Columbus, OH · Member since 2016 · 170 posts · 227 votes
    5y

    I'd say ohio is pretty special because it checks all the right boxes for real estate investing. I'm referring specifically to Columbus as it is the strongest market but you can make good many in many other ohio markets. Landlord friendly state, good rent to price ratio, strong job growth, strong population growth, good environment for small and large businesses so a lot of businesses are moving to ohio. Due to all these factors there is a lot of investor activity which leads to improving neighborhoods and strong apreciation.

    13Reply
  • Marc RiceBusiness Member
    Real Estate Agent · Columbus Cleveland Dayton, OH · Member since 2018 · 2k+ posts · 1k+ votes
    5y

    @Cameron McNulty

    Ohio versus the world my friend. Everyone undervalues Ohio (*cough* Ohio State football ranked number 11) until they see the population growth, job growth, appreciation, and beautiful beaches we have.

    [email protected]614-363-2787
    Marc Rice | Investor Friendly Agent at Reafco Tailwind Team574 Reviews
    WebsiteView Page
    18Reply
  • Remington LymanBusiness Member
    Real Estate Agent · Columbus, OH · Member since 2017 · 6k+ posts · 7k+ votes
    5y
    Originally posted by @Joe S.:

    I see so many people promoting Ohio I almost wonder if it’s being oversold. I kind of wondered about that myself because they have a higher number of realtors promoting their services than it seems any other state.

    [email protected]614-541-8475Podcast Guest on Show My Job Laid Me Off, So I Replaced My Salary with Rentals
    Reafco512 Reviews
    WebsiteView Page
    26Reply
  • Brandon GoldsmithBusiness Member
    Real Estate Agent · Columbus, OH · Member since 2020 · 1k+ posts · 1k+ votes
    5y

    It's pretty hard to beat a market and in Ohio's case, multiple markets where a decent amount of the real estate matches the goals of many types of investors. Cash flow and appreciation is all you can ask for. Ohio also has the Buckeyes so it checks out to me. @Joe S. @Cameron McNulty

    [email protected]614-963-3340
    5Reply
  • Hai Loc
    Specialist · Toronto, Ontario · Member since 2012 · 2k+ posts · 891 votes
    5y

    @Cameron McNulty

    I love Ohio..

    Ohio Cares Acts is about to grant me $30k worth of back rent from multiple delinquent tenants..

    And about $10k from the local county.

    12Reply
  • Steven Foster Wilson
    Rental Property Investor · Columbus, OH · Member since 2017 · 3k+ posts · 3k+ votes
    5y

    @Cameron McNulty population growth, businesses coming to set up shop, great place to live, and did I mention most fashionable? Specifically Columbus OH, you can get into some real country out here if you venture out.

    4Reply
  • Steven Foster Wilson
    Rental Property Investor · Columbus, OH · Member since 2017 · 3k+ posts · 3k+ votes
    5y

    @Cameron McNulty here some stats on Columbus 

    4Reply
  • Brianne Leichliter
    Rental Property Investor · Cincinnati, OH · Member since 2019 · 59 posts · 77 votes
    5y

    @Cameron McNulty great question!  I started off as an out of state investor before moving to Ohio.  I ultimately decided on Cincinnati for a myriad of reasons.  There is a great amount of opportunity here regarding real estate.  There are a lot of revitalization projects happening and a very wide range of rental market opportunities, which was appealing to me.   I also really like the geographical location of Cincinnati.  Kentucky and Indiana are just a hop, skip, and a jump from Cincinnati, which opens up additional investing opportunity without needing to go far.  If you're interested in chatting more about this area, let me know! I can talk about it all day!

    9Reply
  • Cameron McNulty
    OP
    Minneapolis, MN · Member since 2020 · 61 posts · 56 votes
    5y

    @Steven Wilson

    Most fashionable you say 😂

    1Reply
  • Cameron McNulty
    OP
    Minneapolis, MN · Member since 2020 · 61 posts · 56 votes
    5y

    @Brianne Leichliter

    I’ll take you up on that offer

    0Reply
  • Cameron McNulty
    OP
    Minneapolis, MN · Member since 2020 · 61 posts · 56 votes
    5y

    @Hai Loc

    Have you lost $40k in delinquency?

    0Reply
  • Andrew Weiner
    Property Manager · Cleveland, OH · Member since 2020 · 268 posts · 315 votes
    5y

    @Michael Orlando I only invest in Cleveland so I don’t want to speak to the other cities since I don’t have first had knowledge.  Even if a market is a “good market”, selecting the right neighborhood and property is more important.  I know I’m a broken record but you can buy a money pit in the best market and hit a home run in a less hyped area.  Your local team will need to be experienced investors who can tell you about the immediate area and give you a good idea what kind of deferred maintenance is there.

    11Reply
  • Tom Figley
    Member since 2019 · 2 posts · 9 votes
    5y

     I’m investing in the south Youngstown area.  I’m like it and doing well(buy and hold).  Great cash flow and my properties are worth over double/triple in a couple years.  Got to know the area though.  I see out of state investors all the time try to buy these 10k homes but can’t rent/sell them.   Go to the better towns around y-town or because we are so close to Pittsburgh try beaver county. A lot of good stuff coming out of that county. Your less then an hour from Cleveland and Pittsburgh and they are putting in a multi billion shell plant right in the middle of the two.   Message me if you want to learn more.  

    8Reply
  • Zachary Elliott
    Real Estate Agent · Burlington, KY · Member since 2018 · 206 posts · 232 votes
    5y

    I'll add to the long list of comments here. I've lived in greater Cincinnati for over 10 years now. It is a growing area, both population and job growth. There are also a lot of development projects in the works. And because of Cincinnati's proximity to Kentucky, the international airport here is actually in Northern Kentucky. I live in NKY now and we're seeing not only a lot of great opportunities to buy (with the fantastic midwest prices people love) but also a solid renter population and opportunities for appreciation. If you'd like to talk, feel free to reach out to me. 

    - Zac.

    5Reply
  • Steven Foster Wilson
    Rental Property Investor · Columbus, OH · Member since 2017 · 3k+ posts · 3k+ votes
    5y
    Originally posted by @Cameron McNulty:

    @Steven Wilson

    Most fashionable you say 😂

     I wouldn’t lie.

    2Reply
Join the conversationCreate a free account to reply, vote on answers and follow this thread.
Log InJoin for Free