Investing in Akron/Canton area

[Troy Smith]

Anyone have any advice about investing in Akron/Canton area in Ohio. Looking. To buy my first property there. Also wanting to find a good realtor in that area.

[Kristen L Garner]

Hi Troy! I personally invest in Indianapolis but I work with a lot of investors who buy in the Akron area. I'd be happy to chat with you about what kind of numbers and trends I'm seeing in that area if you'd like to DM me.  Best of luck!

[James Wise]

Quote from @Troy Smith:

Anyone have any advice about investing in Akron/Canton area in Ohio. Looking. To buy my first property there. Also wanting to find a good realtor in that area.

 I'm really high on Akron and Canton right now. Pricing is very similar to Cleveland but the landlord tenant laws are more landlord friendly.

[Stephen Tice]

Hey Troy. Jose Medina is the investor friendly realtor for stark Co. Tell him I sent ya- he’s done a ton of deals for me. Great guy.

[Troy Smith]

Quote from @Stephen Tice:

Hey Troy. Jose Medina is the investor friendly realtor for stark Co. Tell him I sent ya- he’s done a ton of deals for me. Great guy.

 Awesome,  thanks for letting me know. I’ll definitely reach out to him

[Jack Smith]

Hi Troy, 

If you become a member of Tuscarawas Cty REIA (tuscreia.org) You can come up to any meeting in Canton (SCREIA.org) or Akron (ACREIA.org).  Plenty of folks to network with and we also do a lot of events not requiring membership.  We have a lot of transactions going on, education opportunities, and you can get to know the vendors and contractors we use as well.  

Well worth the time and membership fee!  

[Troy Smith]

Quote from @Jack Smith:

Hi Troy, 

If you become a member of Tuscarawas Cty REIA (tuscreia.org) You can come up to any meeting in Canton (SCREIA.org) or Akron (ACREIA.org).  Plenty of folks to network with and we also do a lot of events not requiring membership.  We have a lot of transactions going on, education opportunities, and you can get to know the vendors and contractors we use as well.  

Well worth the time and membership fee!  

Didn’t know about that. I’ll definitely check it out!

Thank you

[Bob Stevens]

Quote from @Troy Smith:

Anyone have any advice about investing in Akron/Canton area in Ohio. Looking. To buy my first property there. Also wanting to find a good realtor in that area.

 Advice, yes find a good deal., If you are cash you do not need a realtor. 

[Mun Mohsin]

Hello all,

I am new in this forum.  I would appreciate any advice for rental investment in Akron as an out-of-state invsetor. I myself is an architectural designer/structural engineer.  Any advice on the fixer upper would be appreciated.  Any recommendations on how to find the right PM and contractor/realioable handimen?  

[Mun Mohsin]

sorry for the typos

[Bob Stevens]

Quote from @Troy Smith:

Anyone have any advice about investing in Akron/Canton area in Ohio. Looking. To buy my first property there. Also wanting to find a good realtor in that area.

 If you are a cash buyer you do not need a realtor. I know many that have purchased many in Cleveland / Akron never using a realtor, including myself 

[Nadeem Alamgir]

You should check out Cleveland! 

[Ryan Arth]

@Troy Smith Advice on those markets would really depend on what you are looking for as your first investment. What do you think you can find there that you can't replicate in Dover? 

[Troy Smith]

Quote from @Ryan Arth:

@Troy Smith Advice on those markets would really depend on what you are looking for as your first investment. What do you think you can find there that you can't replicate in Dover? 

 Hello Ryan, I was looking in those markets because my local Dover/ New Philadelphia area is small so there's not as many options available.

[Ryan Arth]

@Troy Smith I understand. The geographic area that you mentioned is huge, especially when you consider the outlying areas. You have everything from low end inner city properties to rural properties and a ton of small towns in between. You can make money anywhere, you just need to look at the demand for what you are offering and how big the pool of qualified tenants would be (if considering rentals). Consider what client profile you would cater to and then see what properties that would attract that client trade for. 

Pick a market based on the demographics, for example, and then get comfortable with what things cost and what they rent for. Search for local meetups or attend the REIA meetings to meet others, or find them on here. Learn as much as you can.