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Updated about 1 year ago on . Most recent reply

Duarte Marques's profile image
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Duarte Marques
  • Rental Property Investor
  • Member since Oct 19, 2023
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Duarte Marques's profile image
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Duarte Marques
  • Rental Property Investor
  • Member since Oct 19, 2023
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Duarte Marques
  • Rental Property Investor
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Buying rental property in Cleveland, Ohio thoughts?

Duarte Marques
  • Rental Property Investor
Posted

Hi BP community, I'm not from US and I'm looking to buy a rental property. What do you think about Cleveland, Ohio for rental properties (if the numbers make sense so that cashflows X per month)? Unemployment rate decreased from 3.9 to 3.1 (oct-22 to oct-23), population is growing, labour force is growing too, ... 

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Greg Scott's profile image
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Greg Scott
  • Rental Property Investor
  • from SE Michigan
  • Member since Oct 27, 2014
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Greg Scott
  • Rental Property Investor
  • from SE Michigan
  • Member since Oct 27, 2014
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Greg Scott
  • Rental Property Investor
  • SE Michigan
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Greg Scott
  • Rental Property Investor
  • SE Michigan
Replied

If you already have a team in Cleveland, then Cleveland is fine.  More important will be picking a growing submarket.

If you have no ties at all to Cleveland, then there are markets with better growth prospects, such as nearby Columbus.

  • Greg Scott
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