New out of state investor in Ohio

[Dorothy Chatelier]

I am a new RE investor, I live in South FL but since my money can go further in Ohio I have set my eyes on Cleveland area and Akron as cities to invest in. In the past few weeks I have learned to steer clear of East Cleveland. Any advice is welcomed as I delve into my out-of-state investor journey. I am in the process of building my team there but nothing succinct thus far. New and matured investors in Ohio please chime in! 😉

[Marshall Leipprandt]

@Dorothy Chatelier Hey Dorothy, you're probably right that your money can go further in the Cleveland/Akron areas, but I personally don't know if that would be the best long-term investment when compared to purchasing in Florida. Florida just has so much more long-term upside in property values, rents, and is an overall friendly state for real estate investors and landlords. 

If you have already made up your mind, then I can't talk you out of anything, but unless you have an established team or network in Ohio, the learning curve may be a bit more difficult there. Is it an option in your circumstance to save for a few more years to get to a position where you can buy closer to you in FL? After the price run-ups across the country the last several years, I still think markets like Cleveland and other Midwest areas are overpriced.