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Updated about 5 years ago on . Most recent reply

User Stats

12
Posts
16
Votes
Lauren Koon
  • New to Real Estate
  • Cleveland, OH
16
Votes |
12
Posts

New to real estate investing in Cleveland Ohio area.

Lauren Koon
  • New to Real Estate
  • Cleveland, OH
Posted

Hi everyone. 
I am very new to real estate! I purchased my first home earlier this year. A single family home in Parma Heights. I want to get into investing in real estate properties. I believe this home I am occupying currently would be a good candidate for a rental property but I would like to learn more about how you find out which cities are the best to invest in rental properties. I am a dental hygienist so I do not have the most knowledge in real estate yet! I have heard Parma is a decent area to invest in? Any opinions or suggestions on different areas to look in to? Thanks!

Most Popular Reply

User Stats

261
Posts
313
Votes
Andrew Weiner
  • Property Manager
  • Cleveland, Oh
313
Votes |
261
Posts
Andrew Weiner
  • Property Manager
  • Cleveland, Oh
Replied

Parma Heights and even Parma are fine areas to invest in.  There is a consistent renter base there and as long as you buy at the right price you can make a good return.  There are other worthwhile suburbs to buy in, it will depending on if you plan to self manage or hire a manager.  If you self manage you'll want something closer to home to reduce commute time, if you hire a manager then you can pick from any city without additional headache.  

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