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Updated about 1 year ago,
Low Entry market? Cleveland or Columbus for cash flow??
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?