Buy and holds in Cleveland, Ohio
Hello everyone. I am a new investor, and I am mainly interested in buy and holds. I have a private lender who is willing to lend to me as long as I have a plan. Cleveland to me looks like it would be a nice place in terms of cashflow since properties there are not so expensive compared to many of the other areas that I have looked at. For anyone who is familiar with the Cleveland area, does anyone know where the places would be to look for with respect to finding C+ or B- properties. Also, are there any property managers or contractors that you would recommend? Also, I know this is a little unrelated, but to those of you that reply to this, do you have experience with long distance real estate investing? The reason I ask is because I live out of state and I am curious as to how different that process is compared to investing close to where you live? Thanks.
Most Popular Reply
Cleveland, it's great market to focus on for cash flow and specific pockets have gone up 2x and upwards of 4x in the last 5-10 years even.
Like Patrick Drury said I would stick to the westside if you are looking to break into the market. The comps are set and tons of BRRRs and turnkey under market value all over westside.