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Updated about 1 year ago,

User Stats

16
Posts
15
Votes
Mavely Pazmino
  • New to Real Estate
  • Long Island, NY
15
Votes |
16
Posts

Low Entry market? Cleveland or Columbus for cash flow??

Mavely Pazmino
  • New to Real Estate
  • Long Island, NY
Posted

Hi all, Need some insight into these two markets. 

Im from NY and looking to invest out of state for obvious reasons. Read a few forums about the same topic but they're from about 4+ years ago... My dilemma is deciding which market for cash flow with a low entry: Cleveland versus Columbus markets for buy & hold, duplexes or SFH in B/C class neighborhoods with a low entry. Much of the research ive been doing has been pointing me towards Cleveland for 'low-cost' entry and good cash flow for a duplex, but not much appreciation here and a declining population. However Columbus has much higher job market, great appreciation but an 'okay' cash flow [unless I decide on a SFH], and a much higher price point for entry,

My criteria:   Turnkey,  Either a Duplex in Cleveland OR a Single family in Columbus,  $100K for Single Family, or $160K for duplex, interested in Cash flow. 

- Are there specific B/C-class neighborhoods i should look into or avoid?
- Pros/Cons to either city?
- Is $160K turnkey for a duplex reasonable in Cleveland? or $100K for a SFH in Columbus?

- Repairs in these houses since i know a lot of them are old?

- What are average returns as far as CoC and Capex in either city?

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