Cleveland, OH · Member since 2022 · 811 posts · 578 votes
For those based in Cleveland.
Which markets do you think are the most promising and which areas look the best for cash flow investing?
I am trying to narrow my search down to maybe 3 promising markets and look within those for a multi-family deal. I want to spend my time scoping out areas in great detail.
Real Estate Agent · Cleveland, OH · Member since 2020 · 67 posts · 83 votes
3y
Hi Ben - @Shane Kelly pointed out some great areas to scope out.
One thing to consider- You had mentioned in the forums previously that you had the goal of house hacking. If that is the case then you could even consider getting into a more premium neighborhood like Lakewood. If you buy a duplex using FHA financing then you only need 3.5% down and the rents are skyrocketing in Lakewood. Your cash on cash still ends up being amazing and you are living in a more desirable neighborhood with better tenants and a higher chance for appreciation as well.
Which markets do you think are the most promising and which areas look the best for cash flow investing?
I am trying to narrow my search down to maybe 3 promising markets and look within those for a multi-family deal. I want to spend my time scoping out areas in great detail.
Thank you! I really appreciate any insight.
Ben Sulka, aspiring real estate investor
All , 10% NET or better is to be had for cash buyers,
Real Estate Agent · Cleveland OH · Member since 2015 · 213 posts · 275 votes
3y
Multi-family deals go fast. I would look at Old Brooklyn/South Hills 44109, the Westpark/Kamm's Corners 44111 and 44135 North of Puritas. I would also look at northern summit county Northfield, Sagamore and Macedonia for SFH. Great schools, lower taxes and close to Cleveland and Akron.
Multi-family deals go fast. I would look at Old Brooklyn/South Hills 44109, the Westpark/Kamm's Corners 44111 and 44135 North of Puritas. I would also look at northern summit county Northfield, Sagamore and Macedonia for SFH. Great schools, lower taxes and close to Cleveland and Akron.
Thank you for the reply, Michelle! I will certainly look at these areas
Multi-family deals go fast. I would look at Old Brooklyn/South Hills 44109, the Westpark/Kamm's Corners 44111 and 44135 North of Puritas. I would also look at northern summit county Northfield, Sagamore and Macedonia for SFH. Great schools, lower taxes and close to Cleveland and Akron.