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Updated about 1 month ago, 11/01/2024

User Stats

653
Posts
768
Votes
Ryan Evans
  • Rental Property Investor
  • Cleveland, OH
768
Votes |
653
Posts

Advice on Duplexes in Cleveland, Ohio

Ryan Evans
  • Rental Property Investor
  • Cleveland, OH
Posted

Hello all!

I'm looking into some duplexes in Cleveland as my first ever property. I've been living around the world for a while, but I'm from Seattle so I'm not familiar with the market beyond the research I've been doing in the forums and such. 

For whatever reason, there are quite a lot of duplexes in Cleveland for sale. They seem to be renting for 500-750 per unit and they're selling from 10k on the really low end. I would love to be all in on one for 20-25k cash and bring in 1000/mo as a buy and hold, but that seems way too good to be true. I feel like I'm missing something.

Does anyone have experience in the area with those sorts of units? Are they easy/hard to rent? (Obviously, depends on the neighborhood and I know there is a good amount of crime)

I could fly out to buy/live there for a while to get it fixed/rented since I'm taking a break from work. It would be ideal to be hands on for my first deal.

Any thoughts would be much appreciated!

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