From Canada to Cleveland

[Eric Martin]

Hey Biggerpockets community,

I'm an investor from Toronto, Ontario where SFRs are $1m, the landlord tenant board is a nightmare and cap rates are doing the limbo. I bought my first rental in London, ON in October 2019, and recently sold in August 2024. I'm looking for a market where I can park the proceeds from my previous property and create some cashflow. Cleveland, Ohio seems to be the place to be in terms of cap rates and distance from home. I have about 250k USD to allocate to this venture, but I may want to dip my toes into the market with a single-family residence in an area like Parma Heights and test the waters. My first property was chaotic with tenant troubles, so Ohio being a landlord-friendly state and Parma Heights being A-class location, I'm eager to get involved and experience the difference. As a cross-border investor, I'm likely going to need advice on entity structure to protect my liability while also not being double-taxed, I'm going to need to network with experienced investors/property managers/agents in the Cleveland area. Would love to hear the community's thoughts and meet some Clevelanders!