Investing in the Midwest, Ask me Anything

[Jeremiah Sullivan]

Hello All, 

My partner suggested I do this and that I would enjoy the website. I have been investing in Ohio for a little bit now. I have properties with my own money, partners money as well as a fund that takes outside money. I think with scale in mind this is one of the best markets in the country for cash on cash/cash flow return. I think with a reasonable plan and the right people in place you can  compound considerably here and still buy with rates being so competitive. If the greater Cleveland area is something you're considering or just general questions, feel free to drop them here. Anything from financing, property management to cash returns and how to use them effectively. 

[Jeremiah Sullivan]

Quote from @Travis Timmons:

Quote from @Alfath Ahmed:

Quote from @Jeremiah Sullivan:

Hello All, 

My partner suggested I do this and that I would enjoy the website. I have been investing in Ohio for a little bit now. I have properties with my own money, partners money as well as a fund that takes outside money. I think with scale in mind this is one of the best markets in the country for cash on cash/cash flow return. I think with a reasonable plan and the right people in place you can  compound considerably here and still buy with rates being so competitive. If the greater Cleveland area is something you're considering or just general questions, feel free to drop them here. Anything from financing, property management to cash returns and how to use them effectively. 

 Have you looked into the Columbus market? Strong appreciation alongside cashflow. T

The average home prices went up between 24-35% this past year in C-class areas. These areas are projected to turn into C+/B- within the next 1.5-2 years.

 @Alfath Ahmed you guys don't miss a thing, do you?!? Stop selling, man. He's offering advice to people who have questions. I swear you guys have an AI bot that just auto populates any post that states the word Ohio or Midwest. 

@Jeremiah Sullivan thanks for offering your time. What do out of town investors not understand about Akron and/or Cleveland? What are the norms that locals understand but catch out of towners off guard as it relates to RE investing?

@Jeremiah Sullivan thanks for offering your time. What do out of town investors not understand about Akron and/or Cleveland? What are the norms that locals understand but catch out of towners off guard as it relates to RE investing?

I would say the above post is a hint at it. Its not a bad place to live or declining. Its stuck in a different time and a way of life. parts of it are in 2023 and others are in 1980. Including the home prices. Cleveland think is also and entirely different world even though they are close. The investing game is very very different and has different challenges. The other thing i think people miss is Section 8 is not bad, a lot of people turn to it out of need and assistances. You will have the same amount of problems with vouchers as without. these are stigmas i think that change by area and you have to be there to know the demographic. the biggest mistake i think people make is not knowing the water situation and how expensive water bills are in akron.