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Updated over 2 years ago, 06/01/2022

User Stats

7
Posts
9
Votes
Eric Vlahos
9
Votes |
7
Posts

First Rental Opportunity - Akron or Another Area

Eric Vlahos
Posted

Good morning BP team, 

Long time listener - first time post-er! Me and my wife got married in November, and are looking to start our real estate investing journey in the Akron area. We've been speaking with as many investors we know about their decision making criteria, and we're torn. 

On one hand, our hometown of Cuyahoga Falls has seen an increase in property value where rents for SFR are now below the 1% rule, so it would be tough to make a rental work, but the renter demographics would *I think* be easier to self manage.

Or, we have the benefit of being right down the road from Akron, where the 1% rule is alive and strong, but there is a potential that the renters would be a bit more tough to self-manage *maybe*, and the area's aren't as *nice* as the Cuyahoga Falls area. Some places are sketchy, some places are OK.

Anyways, what is everyone's thoughts on our first rental? Ideally, I'd like it to be duplex (upper and lower style)

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