Good/Bad Cleveland Suburbs

[Michael Potorti]

What are some strong areas to purchase property in Cleveland area? Looking at duplex in Garfield Heights. Also, Parma area looks good. Any other good areas and areas to avoid? Thanks!

[Randy Rodenhouse]

I have had properties in Euclid and South Euclid (pretty good), Cleveland Hts (hit and miss, tougher area), Garfield Hts (good), Warrensville Hts (good), Shaker (good, Bedford Hts (good).  Just be aware of the rules wrt rehabbing since some require you to escrow funds for the rehab amount (that is if you are doing rehabs).  

[Andrew Weiner]

Parma is a great area, Garfield is a strong rental area with lots of demand.  Any of the suburbs should be good candidates, the school district tends to dictate the desirability.  

[James Wise]

Quote from @Michael Potorti:

What are some strong areas to purchase property in Cleveland area? Looking at duplex in Garfield Heights. Also, Parma area looks good. Any other good areas and areas to avoid? Thanks!

 I dunno what good or bad means. Good or bad for what? I recommend using an A-B grading scale like you see in The Ultimate Guide to Grading Cleveland Neighborhoods to set the parameters of what it is you are looking for.

[Min Zhang]

Hi Michael, my team has been working on a neighborhood grade guide in Ohio, which we update regularly. Many investors prefer C neighborhoods for the best cash flow. Additionally, investing in opportunity zones, often found in these areas, offers great tax benefits. Let me know how I can help!

[Michael Potorti]

Quote from @James Wise:

Quote from @Michael Potorti:

What are some strong areas to purchase property in Cleveland area? Looking at duplex in Garfield Heights. Also, Parma area looks good. Any other good areas and areas to avoid? Thanks!

 I dunno what good or bad means. Good or bad for what? I recommend using an A-B grading scale like you see in The Ultimate Guide to Grading Cleveland Neighborhoods to set the parameters of what it is you are looking for.

 Good stuff @James Wise I will review!

[Nadeem Alamgir]

Hey Michael, some areas that other investors look at are Jefferson, Cudell, West Boulevard, Old Brooykln to name a few. 

[Bob Stevens]

Quote from @Michael Potorti:

What are some strong areas to purchase property in Cleveland area? Looking at duplex in Garfield Heights. Also, Parma area looks good. Any other good areas and areas to avoid? Thanks!

 ALL,, even parts of East Cleveland, ( I know what you're saying this guy is crazy east clev, well pricing there has double tripled or more and IMO going higher, those in the know understand why ) Parma good luck making money there, you missed that boat by 5 years, even GH prices have tripled or more over the last 5, 6 7 years. I just picked up a Duplex ALL IN, 75k, rents will be 900/ 900, that's a deal :) 

Good luck 

[Jessica Larson]

Depends on what you are looking for. If you are looking for a good rent to price ratio that will create good cashflow, I would suggest areas like the West Side of Cleveland like West Blvd, Jefferson, Cudell, Clark Fulton, Old Brooklyn, Edgewater, and Brooklyn Centre. Also, Bedford, Garfield Hts, Maple Hts, Etc., all can be great as well.

[Ryan Arth]

There is a huge spread in the recommendations on this thread. It shows how difficult it is for one to make blanket statements about an entire city, and for the investor why it is difficult to take individual pieces of advice, void of context. 

[Bob Stevens]

Quote from @Michael Potorti:

What are some strong areas to purchase property in Cleveland area? Looking at duplex in Garfield Heights. Also, Parma area looks good. Any other good areas and areas to avoid? Thanks!

 BUY EVERYWHERE. However, IMO you are 5 years too late for Parma. We have props from West side to East Cleveland, and everywhere in-between. I'm closing on another one on 128, E 146th, and 74th. All will have about 20% net caps on avg. 

[Vadim F.]

With proper management in place and proper screening you can be successful in all parts. The rougher the area, the higher the return. With the right team in place, you can succeed in any area.

[Bob Stevens]

Quote from @Vadim F.:

With proper management in place and proper screening you can be successful in all parts. The rougher the area, the higher the return. With the right team in place, you can succeed in any area.

 100% its all about your team. We are buying everything we can in parts of East Cleveland, so many say we are crazy, well that's what they said 7 years ago,,,,,,,, LOOK at the values now :)

[Neil Fernandes]

Quote from @Michael Potorti:

What are some strong areas to purchase property in Cleveland area? Looking at duplex in Garfield Heights. Also, Parma area looks good. Any other good areas and areas to avoid? Thanks!

I just wanted to let you know that @Joshua Janus has a map of Cleveland, Columbus, and Akron suburbs that he could share with you. This map can help you quickly determine if a property is in a good or bad neighborhood. Best of luck on your journey!

[Zeke Liston]

Quote from @Michael Potorti:

What are some strong areas to purchase property in Cleveland area? Looking at duplex in Garfield Heights. Also, Parma area looks good. Any other good areas and areas to avoid? Thanks!

 Hey Michael, I personally invest pretty much all over Cleveland. I'd be happy to share a map with you. 

[Regina Blake]

Hi, I just wanted to inform you that I am an Ohio Realtor and if you have any question, please feel free to contact me. Thanks!

Regina Blake- Ohio Realtor

[Bob Stevens]

Quote from @Michael Potorti:

What are some strong areas to purchase property in Cleveland area? Looking at duplex in Garfield Heights. Also, Parma area looks good. Any other good areas and areas to avoid? Thanks!

 ALL areas. So how many did you pick up ? 

[Michael Potorti]

None yet. Need to focus...

[Bob Stevens]

Quote from @Michael Potorti:

What are some strong areas to purchase property in Cleveland area? Looking at duplex in Garfield Heights. Also, Parma area looks good. Any other good areas and areas to avoid? Thanks!

 Hi did you close ?