Rental Property - Cleveland

[Alon A.]

Hi guys

My profession is a contractor and project manager but i live in California.

Im new to the BRRRR and i would like to start investing my first property in Cleveland, Ohio.

I kind of still wonder if its good to start investing over there, i did a lot of research and all the cities i want are for the next level but I need to start small. (i really like to invest in Raleigh , Austin, Durham, Charleston, Tampa.. but i feel that i need more money for that and i'm not ready to get into this market, a lot of competition. 

 I have 120K on side for investments, and I'm planning to take loan , no cash, that i can focus on fews things and not only 1 property.

The reason I want to invest there is because the properties there are cheap then all other places. i thought also on San Antonio, Corpus christi in Texas but prices there going 150-200K already...

What do you think on Cleveland for start? any other recommendation or its good market to focus? Ill be happy to hear what do you think for about what i said.

[Zeke Liston]

Quote from @Alon A.:

Hi guys

My profession is a contractor and project manager but i live in California.

Im new to the BRRRR and i would like to start investing my first property in Cleveland, Ohio.

I kind of still wonder if its good to start investing over there, i did a lot of research and all the cities i want are for the next level but I need to start small. (i really like to invest in Raleigh , Austin, Durham, Charleston, Tampa.. but i feel that i need more money for that and i'm not ready to get into this market, a lot of competition. 

 I have 120K on side for investments, and I'm planning to take loan , no cash, that i can focus on fews things and not only 1 property.

The reason I want to invest there is because the properties there are cheap then all other places. i thought also on San Antonio, Corpus christi in Texas but prices there going 150-200K already...

What do you think on Cleveland for start? any other recommendation or its good market to focus? Ill be happy to hear what do you think for about what i said.

 Hi Alon, it sounds like Cleveland is a good market for what you're looking for. The city has good cash flow and a lower entry point. If you'd like, I can get you in touch with some contacts in the area (contractors, lenders, PMs, etc).