Are Ohio and Pennsylvania great places to buy multi-family unit?

[Joe Joseph]

I was invited to purchase a multi-units in Ohio or Pennsylvania or New Jersey. I am not too sure about the first 2 States but the deals were good buys financially. My question is PA and Ohio great places to invest in multi-units property to rent? Anyone here from PA and Ohio?

[Stephen Brown]

I'd say Ohio is probably one of the best markets to purchase multifamily properties. Here's why:

1. We've added more private sector jobs added than any other state in the region in the past decade, given our favorable business tax environment.

2. Ohio is recognized for its healthcare system, with 11 nationally ranked hospitals providing more than 81,000 jobs

3. Ohio is booming in recent tech investments: Google, Amazon and Facebook have all invested here

4. We have over 200 universities, and hundreds of graduate programs

5. The cost of an investment in Ohio is much lower than other states: for example, a 5 unit here could cost you $250,000

6. Renters here stay long term. Many landlords have tenants that stay for 10 years or more. Why? Comfort, family situations, living life day by day, typically tenants don't mind renting for long periods of time and they live well off their jobs.

7. The rent to price ratio in Ohio is one of the strongest in the country

8. Cities like Cincinnati & Columbus are becoming hotspots for millennials and substitutes for markets like Austin & Nashville