Sacramento, CA to Cleveland, Ohio Trip

[Amir B.]

Hi Everyone,

Just wanted to tell everyone about our trip there. We spent $1500 (two adults) for three nights but it was worth it. I highly recommend anyone investing out of state to go there and see the area. I did not and bought without looking at it first. I got lucky with my first one but it doesn't work out that way sometimes. 

Our goal was to buy and hold one or two rentals. SFH and or a duplex, under $80,000, and ROI of 12-15%.

The market has gotten very expensive in Cleveland area. We wanted to see the C and B areas and decided to focus primarily on B neighborhoods. James Wise's neighborhood map was great. It really helped narrow down where to invest in. 

On our first day, we saw Euclid, South Euclid, and Cleveland Heights. We only liked one property (Cleveland Heights -44118). Unfortunately, Friday turned out to be a tough day because we didn't see great deals. Our price point going in was under $80,000 but those homes needed tons of updates.

The second day was better. We went to Parma and Lakewood. We saw some potential deals for $90,000 to $100,000. We will be discussing which ones to make an offer for sometime this week. Seeing the area really put things in perspective for us. We definitely don't want to invest in C neighborhoods. 

Keep you guys posted.