All Forum Posts by: Meggie Ferreira

I have a lot of deals in the Cleveland market way over the 1% Rule in the C through C+ areas here. Not D

https://www.google.com/maps/d/...

Hi Maggie,

I invest primarily in Cleveland because it is:

1. Home to Cleveland Clinic and multiple other big companies which brings in employment from different industries

2. Lot of good neighborhoods surrounding Cleveland

3. Stable appreciation

4. Good cash flow

5. Lot of opportunity for small multi family and Single family homes.

I have scaled up to 12 doors in 2 years just by investing in this market and all my properties have appreciated and are cash flowing. Feel free to reach out and we can discuss.

@maggie ferreira Great question! Studies recently found have shown that homes in the Columbus/central Ohio area are on a rise and are only going to keep rising if home construction doesn't increase in the near future. Not only that but, jobs are coming into the area especially with the new Intel building in Licking county being built people are going to need a place to live which makes Columbus a great area to invest right now. Based on a Columbus Dispatch's recent article, they mentioned that Columbus is averaging roughly 8,000 new homes a year over the past decade, and with the projected population growth that number needs to double. With home prices increasing increasing in the area and not as quickly as salaries, we can assume rentals are going to be more desirable in the next coming years by the average consumer. With that being said, I understand your concern with the 1% rule, but we shouldn't be focusing on the now. We should be focusing on what is to be expected in the next coming years. Though you may not find 1% rentals at this time, though they are out there in Columbus, we can assume rental rates are going to increase over time. Thus, buying and holding properties now will yield to 1% returns in the future, if not more. Cash flow is only going to increase with the appreciation the city has to offer!

Hi! I have a great property management company I use there- they do section 8 well. I have gone through 5 Pm companies now in the area and finally happy with who I have! LOL Happy to share the info!