Out of state Multifamily investments (Ohio)

Multi-Family and Apartment Investing
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Out of state Multifamily investments (Ohio)

Joel Custodio
Realtor · Brooklyn, NY · Member since 2014 · 18 posts · 3 votes

Greetings everyone,

I am currently based in NYC, looking to invest in Ohio in particular near metro areas, i hear that Dayton, Columbus and Cleveland are areas worth paying attention, thoughts?

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James Wise
Real Estate Broker · Cleveland Dayton Cincinnati Toledo Columbus & Akron, OH · Member since 2013 · 31k+ posts · 20k+ votes
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@Joel Custodio

My team & I are heavily involved in the Cleveland market. When looking into an area it is good to get an idea of the different types of neighborhoods and asset classes that you could buy and the types of tenants that come along with those.

Here is a Cleveland neighborhood grading map that can help you in deciding the specific areas you are looking to invest in.

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  • Darrin CareyPro Member
    Lender · Dayton, OH · Member since 2008 · 1k+ posts · 705 votes
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    Add Cincinnati to your list also.

    Ohio in general is great for Cashflow investors. You do have to be very specific about your neighborhood though. 

    There are a lot of good deals here in Dayton. 

    Unfortunately, there are also plenty of deals that look good only on paper.

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  • Justin Fernandez
    Investor · Watertown, NY · Member since 2015 · 225 posts · 88 votes
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    @james wise can help out. 

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  • James Wise
    Real Estate Broker · Cleveland Dayton Cincinnati Toledo Columbus & Akron, OH · Member since 2013 · 31k+ posts · 20k+ votes
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    @Joel Custodio

    My team & I are heavily involved in the Cleveland market. When looking into an area it is good to get an idea of the different types of neighborhoods and asset classes that you could buy and the types of tenants that come along with those.

    Here is a Cleveland neighborhood grading map that can help you in deciding the specific areas you are looking to invest in.

    3Reply
  • John Cohen
    Rental Property Investor · Mineola, NY · Member since 2014 · 838 posts · 212 votes
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    @Joel Custodio Ohio has some great cashflow! I currently own a 48 unit in Columbus and looking at a 27 unit in Cincinnati 

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