Out of state looking to invest in Ohio!!

Member since 2022 · 9 posts · 3 votes

Hello, I have been looking to invest in the Ohio market lately, I’m from out of state living in Oregon on the west coast and looking to learn everything I can about Ohio real estate investing. The good, the bad, neighborhoods to look into or stay away from, etc. looking to build up my boots on the ground team any tips or knowledge would be greatly appreciated thank you.

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Remington LymanBusiness Member

Real Estate Agent · Columbus, OH · Member since 2017 · 6k+ posts · 7k+ votes

Quote from @Jagger Simon:

Here is a neighborhood grade guide my team has been working on in Ohio. We regularly update it. A lot of investors prefer to still to the C and D neighborhoods because that is where you get the best cash flow. There are also some great tax benefits to investing in opportunity zones which are commonly located in C and D areas.

shorturl.at/aMQVW

Please note this information may not be accurate since is just one investor's opinion. Different investors have different opinions

[email protected]614-541-8475 Podcast Guest on Show My Job Laid Me Off, So I Replaced My Salary with Rentals

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Remington LymanBusiness Member
Real Estate Agent · Columbus, OH · Member since 2017 · 6k+ posts · 7k+ votes
4y
Quote from @Jagger Simon:

Hello, I have been looking to invest in the Ohio market lately, I’m from out of state living in Oregon on the west coast and looking to learn everything I can about Ohio real estate investing. The good, the bad, neighborhoods to look into or stay away from, etc. looking to build up my boots on the ground team any tips or knowledge would be greatly appreciated thank you.

Here is a neighborhood grade guide my team has been working on in Ohio. We regularly update it. A lot of investors prefer to still to the C and D neighborhoods because that is where you get the best cash flow. There are also some great tax benefits to investing in opportunity zones which are commonly located in C and D areas.

shorturl.at/aMQVW

Please note this information may not be accurate since is just one investor's opinion. Different investors have different opinions
[email protected]614-541-8475 Podcast Guest on Show My Job Laid Me Off, So I Replaced My Salary with Rentals
Reafco512 Reviews
Website View Page
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Steven Foster Wilson
Rental Property Investor · Columbus, OH · Member since 2017 · 3k+ posts · 3k+ votes
4y
Quote from @Jagger Simon:

Hello, I have been looking to invest in the Ohio market lately, I’m from out of state living in Oregon on the west coast and looking to learn everything I can about Ohio real estate investing. The good, the bad, neighborhoods to look into or stay away from, etc. looking to build up my boots on the ground team any tips or knowledge would be greatly appreciated thank you.

Hi Jagger,
I think that can also depend on what your price range is, what is your goal, and whether can you do rehabs or are you looking for turn-key. I recommend the major cities in Ohio:

-Columbus is great for appreciation, pp is a bit higher around $220k for multifamily https://learn.roofstock.com/blog/columbus-oh-real-estate-market

-Cincinnati, has a mix of cash flow and appreciation, average multifamily of around $180k. https://www.noradarealestate.com/blog/cincinnati-real-estate-market/

-Cleveland, has a lot of cash flow potential, average multiform around $140k. https://learn.roofstock.com/blog/cleveland-real-estate-market

There are other smaller markets like Dayton, Akron, and Newark. We are starting to see these areas boom due to huge investors and corporations like Intel choosing to set up shop in this kind of areas.
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Account Closed
Rental Property Investor · Brooke Park Drive · Member since 2018 · 1k+ posts · 2k+ votes
4y
Quote from @Jagger Simon:

Hello, I have been looking to invest in the Ohio market lately, I’m from out of state living in Oregon on the west coast and looking to learn everything I can about Ohio real estate investing. The good, the bad, neighborhoods to look into or stay away from, etc. looking to build up my boots on the ground team any tips or knowledge would be greatly appreciated thank you.
I would recommend value add properties
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Ruchit Patel
Bay area, CA · Member since 2021 · 383 posts · 306 votes
4y
Maybe you can start turnkey for now, and learn by doing it with them!!
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Austin Steed
Real Estate Agent · Columbus, OH · Member since 2016 · 593 posts · 664 votes
4y
When looking at the areas to invest in I'd suggest looking at population growth. Bread and butter of REI. We provide hosing for people - where are the people.
Any areas that don't have high growth you should have much higher standards for cashflow. We do a bnb in Urbana OH (very small town) but performs very well.
Narrowing down a specific area to focus on will help too, every city will have it's pockets that are the spots to invest. Understand that's what you're doing though! Best of luck with your Ohio investments.
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Amit Chawla
Member since 2022 · 81 posts · 30 votes
4y
@Jagger Simon I’ve recently started investing in Ohio. Have a strong team setup working on rehabbing a property. I’m looking in Akron and Cleveland mainly. Have been told to stay away from Toledo and Dayton. PM me if you want to discuss
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Aj Parikh
Rental Property Investor · Centreville, VA · Member since 2019 · 1k+ posts · 799 votes
4y
Hi Jagger, I have found value investing in Cleveland, OH because it is home to Cleveland Clinic, lot of good neighborhoods, landlord friendly laws, stable appreciation and good cash flowing properties. There are also abundant opportunities for small multi family and SFH. I have been able to scale up to 12 doors in 2 years so definitely recommend this area. Feel free to reach out and we can discuss.

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Patrick DruryBusiness Member
Real Estate Agent · Columbus, OH & Cleveland OH · Member since 2021 · 1k+ posts · 2k+ votes
4y
@Jagger Simon
If you're looking at investing in Ohio I would definitely recommend looking at the Columbus market. It's a solid hybrid market of cash flow and appreciation. Columbus has lots of job opportunities and population growth.

[email protected]614-412-4565
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Jackie Neighbarger
Member since 2022 · 8 posts · 6 votes
4y
Hi there,
My husband is a general contractor in Central Ohio. Happy to chat anytime!
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Mike D'ArrigoPro Member
Turn key provider · San Jose, CA · Member since 2010 · 4k+ posts · 3k+ votes
4y
@Jagger Simon you need to narrow that done a lot more. Ohio is a state with a lof of different markets--some much better than others for real estate investment. Have you identified a particular city within in Ohio and have you clearly established your objectivse and criteria? It sounds like you still have some work to do. I'd be happy to help or offer advice it I can.
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James Wise
Real Estate Broker · Cleveland Dayton Cincinnati Toledo Columbus & Akron, OH · Member since 2013 · 31k+ posts · 20k+ votes
4y
Quote from @Jagger Simon:

Hello, I have been looking to invest in the Ohio market lately, I’m from out of state living in Oregon on the west coast and looking to learn everything I can about Ohio real estate investing. The good, the bad, neighborhoods to look into or stay away from, etc. looking to build up my boots on the ground team any tips or knowledge would be greatly appreciated thank you.

I assume since you are looking at Ohio, you are looking at the Cleveland market? If that's the case, I suggest reading The Ultimate Guide to Grading Cleveland Neighborhoods for a look at what, will buy you what, in each of the Cleveland neighborhoods. Lot's of neighborhoods in Cleveland and the price points will vary widely. Very important to understand why and that's what the guide explains.

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