Real Estate Investing in Cleveland, OH
I've been speaking with family members regarding buy and hold strategies and Cleveland, OH has come up a few times (they are not from the area). Can BPers who have invested in or have first hand knowledge (second hand can work as well...) give any advice on investing in Cleveland, OH? What are the places that are are poised for growth (and merit investment), areas that are already up and coming, and areas that are considered hot markets? What areas are probably not ideal for a newbie investor? And is buy and hold a sensible strategy for the Cleveland market or is fix 'n' flip a better angle? Thanks!
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@Guillermo Kennedy I have been doing business out there for about 10 years, the last 5, 7 years flipping about 500 props . We used to provide 25- 30% net caps, now 10- 14% as pricing has increased. Its all about your team . If I tell you where, what good is that going to do ? All you are going to do is sit on the internet , waste of time. You do not live there , you do not have a team to do what is needed. Most researches things to death and do nothing .