Flipping in Cleveland Ohio

Member since 2023 · 3 posts · 5 votes

HI all i am exploring flipping homes next year. My target market right now is Cleveland, Ohio. Just going over the recently sold homes on Zillow and other sites, i am seeing a lot of homes being purchased for 20-30 k and sold for 150k plus. I am also seeing a large inventory of these cheaper 20-30 k homes. I am reading some books, and doing my education. But i would love to connect with flippers who have been successful with purchasing homes in around 20-50k and successfully flipping them for profit. Even if you dont have flipping experience in Cleveland i would still love to get in touch and hear about your experiences. Thank you.

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Kerlous TadresBusiness Member

Realtor · Columbus, OH · Member since 2023 · 1k+ posts · 1k+ votes

Hey! Flipping homes in Cleveland can be profitable, but it's important to target the right properties. Look for areas with rising demand, such as those with good schools or job growth. Not all cheap homes will sell easily. Be ready to spend $30k-$60k on renovations for properties in the $20-50k range. Focus on kitchens, bathrooms, and curb appeal for the best ROI. Expect surprises like hidden issues (foundation, plumbing), so have extra funds set aside.
Lastly, connect with an investor-friendly realtor who has access to off-market deals and a reliable team of contractors.

[email protected]614-490-1163

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Kerlous TadresBusiness Member
Realtor · Columbus, OH · Member since 2023 · 1k+ posts · 1k+ votes
1y
Hey! Flipping homes in Cleveland can be profitable, but it's important to target the right properties. Look for areas with rising demand, such as those with good schools or job growth. Not all cheap homes will sell easily. Be ready to spend $30k-$60k on renovations for properties in the $20-50k range. Focus on kitchens, bathrooms, and curb appeal for the best ROI. Expect surprises like hidden issues (foundation, plumbing), so have extra funds set aside.
Lastly, connect with an investor-friendly realtor who has access to off-market deals and a reliable team of contractors.

[email protected]614-490-1163
Kerlous Tadres | Reafco Real Estate540 Reviews
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Samuel DioufBusiness Member
Real Estate Agent · Columbus & Cleveland, OH · Member since 2023 · 1k+ posts · 1k+ votes
1y
Hey Mohamed, I'd be careful buying anything in the $20k range in Cleveland. Most of the deals in that range are going to be shacks or just in really rough neighborhoods.
There are some great deals in the Cleveland market, but it's important to go in prepared with a good team as your foundation.
[email protected]614-662-1652
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Drago Stanimirovic
New to Real Estate · Miami, FL · Member since 2024 · 1k+ posts · 452 votes
1y
Hey Mohamed,

Cleveland’s low entry prices can be great for flipping, but many of those $20–30K homes need heavy rehab, full systems, not just cosmetic fixes. Success comes down to picking the right neighborhoods and having reliable local contacts.
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Juan Cristales
Investor · Willis, TX · Member since 2014 · 245 posts · 124 votes
1y
The best place to always buy real estate is in places where it has always been great to buy real estate for the last 20-30 years: Places with the best rated schools. This isn't the sole factor but it certainly helps mitigate the risk for someone looking to break into the business. These properties typically move faster and are sometimes in better shape.
Best of luck and stay the course!
Juan-
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James Wise
Real Estate Broker · Cleveland Dayton Cincinnati Toledo Columbus & Akron, OH · Member since 2013 · 30k+ posts · 20k+ votes
1y
Quote from @Mohamed Barry:

HI all i am exploring flipping homes next year. My target market right now is Cleveland, Ohio. Just going over the recently sold homes on Zillow and other sites, i am seeing a lot of homes being purchased for 20-30 k and sold for 150k plus. I am also seeing a large inventory of these cheaper 20-30 k homes. I am reading some books, and doing my education. But i would love to connect with flippers who have been successful with purchasing homes in around 20-50k and successfully flipping them for profit. Even if you dont have flipping experience in Cleveland i would still love to get in touch and hear about your experiences. Thank you.

What's in it for the Flipper if they reach out to you?
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