2021 Opportunities in Cleveland?! 👌Research Included

[Johnson Yu]

Howdy Folks! I was doing some DD on Cleveland, OH and concluded that it might be a great market to enter in 2021 for cashflow & appreciation, due to a couple of things: What do you guys think?

Marco:

• - Heath Sector is one of the major employers → increased aging population/more job growth 
• - Bioteh, fuel cell research & tech sectors all growing → forbes speculates could be next tech hub
• - Opportunity Corridor (projected to complete in summer 2022) → revitalize the "forgotten triangle"
• - Large businesses coming in & staying → Plug & Play (start up accelerator funding company), Link 59 (62,000 square foot complex), Sherwin Williams, NASA

Micro

• - Great PTR ratio → Great cashflow
• - Strong renter's markets → over 50% renter occupied
• - Barrier to entry is low → scalable
• - BRRRRable

Neighborhoods (highest appreciation rates)

• Detroit Ave / W 25th St
• W 25th St / Walton Ave
• W 6th St / Literary Rd
• Route 422 / Broadway Ave
• W 7th St / Marquardt Ave
• Castle Ave / Scranton Rd
• Detroit Ave / U.S. Route 6
• Lorain Ave / W 48th St
• Lake Ave / Detroit Ave
• Also check out @James Wise's guide to Cleveland Neighborhood!👌

  https://www.biggerpockets.com/...