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Updated over 1 year ago on . Most recent reply
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Indianapolis vs Cincinnati vs Cleveland - First time investor
Hi Guys,
I'm a new/first-time investor looking to get my first investment property, but I'm having a difficult time deciding between 3 markets. I'm considering Indianapolis (near fountain square), Cincinnati, or Cleveland. If I invest in Cleveland I would only be interested in small multifamily properties, for Indy and Cincy I would be looking to invest in single-family homes which I would turn into STR or MTR. Any info from anyone investing in these markets would be greatly appreciated.
Most Popular Reply
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My biggest questions for you would be are any of these markets close to where you live right now? Have you visited any of these markets to see where to stay away from? Sounds like you're looking for cash flow if you're choosing from these markets. Cleveland and Indy will probably cash flow the best but there are parts of Cleveland that have very high taxes.
Good luck!