Rental Property Investment.

[Alex Rehman]

Cleveland, Ohio has emerged as a top destination for real estate investors looking for lucrative rental properties which make it an attractive choice for those seeking to generate passive income through rental properties.

According to recent data, Cleveland’s real estate market is experiencing a steady increase in property values, while rental demand remains high. This makes it an ideal location for investors seeking to purchase rental properties at a relatively low price point, while still being able to command high rents.

Another draw for real estate investors is the city’s affordability. Housing prices in Cleveland are significantly lower than in other major cities across the United States, making it easier for investors to purchase rental properties at a lower cost. Additionally, the cost of living in Cleveland is relatively low, which attracts young professionals and families looking for affordable housing options.

Cleveland’s growing population is also a factor driving the demand for rental properties. The city has experienced a 1.5% increase in population over the past decade, with the influx of young professionals seeking job opportunities and affordable living. This demographic is more likely to rent rather than purchase a home, making Cleveland an ideal location for rental property investments.

So net result is that Cleveland has become a prime destination for those seeking to generate passive income through rental properties.

[Bob Stevens]

Quote from @Alex Rehman:

Cleveland, Ohio has emerged as a top destination for real estate investors looking for lucrative rental properties which make it an attractive choice for those seeking to generate passive income through rental properties.

According to recent data, Cleveland’s real estate market is experiencing a steady increase in property values, while rental demand remains high. This makes it an ideal location for investors seeking to purchase rental properties at a relatively low price point, while still being able to command high rents.

Another draw for real estate investors is the city’s affordability. Housing prices in Cleveland are significantly lower than in other major cities across the United States, making it easier for investors to purchase rental properties at a lower cost. Additionally, the cost of living in Cleveland is relatively low, which attracts young professionals and families looking for affordable housing options.

Cleveland’s growing population is also a factor driving the demand for rental properties. The city has experienced a 1.5% increase in population over the past decade, with the influx of young professionals seeking job opportunities and affordable living. This demographic is more likely to rent rather than purchase a home, making Cleveland an ideal location for rental property investments.

So net result is that Cleveland has become a prime destination for those seeking to generate passive income through rental properties.

 When I got off the plane 11 years ago my 1st impression was , this is Cleveland!! Then driving to the city , again, this is Cleveland, After just one day driving around, I purchased two duplexes, all in each 25k (now they sell for 100k ++ )  in  N Collinwood . I was blown away by what I saw. I said this place has a lot of potential and we should buy everything we can. Well about 500 deals later, I was 100% correct. Well over the last 10 years I am not sure if any other city experienced such a positive transformation. Around the Clinic was an absolute war zone. I remember my clients telling me they would only go past there with a bullet proof vest on. Well now try finding anything under 100k, not going to happen.  I have watched, pricing in all the burbs double triple or much more, and still going strong. 

I even said East Cleveland will come around, well again I am 100% correct . We bought an 81 unit about 7 years ago, we were told we were crazy, well thats from those that sit on the internet and THINK they are learning, when all the are doing is wasting their time. Well now turning down 3 x what was paid. We are focusing on EC, and trying to buy everything, but no inventory. I did just lock up a 7 unit exactly where we want to be. For those  " in the know" they understand why. HUGE investment coming. 

Great city would much rather go there for the weekend then NYC any day. Also some of if not the best Italian food in America and I know a thing or two being from NY. 

Glad to see others supporting the city,

All the best