Ohio or Vegas??

[Amos Lee]

Hello BP Community!

I plan to sell my Vegas condo and it looks like I'll be able to make about a 35-40K return. I plan to do a 1031 into a new investment property. I have been seeing a lot of talk about Ohio (Columbus, Cincinnati, Cleveland), so I wanted to reach out for some advice. Should I invest into Ohio, or stick with Vegas?

My goal is buy/hold. My priority is appreciation so I plan to hold the property for at least 3-5 years. Would love cash flow, of course, but if I could at least break even on a highly appreciating property, I'd be happy with that. 

Would greatly appreciate advice from all of you BP experts! 

[James Wise]

Quote from @Amos Lee:

Hello BP Community!

I plan to sell my Vegas condo and it looks like I'll be able to make about a 35-40K return. I plan to do a 1031 into a new investment property. I have been seeing a lot of talk about Ohio (Columbus, Cincinnati, Cleveland), so I wanted to reach out for some advice. Should I invest into Ohio, or stick with Vegas?

My goal is buy/hold. My priority is appreciation so I plan to hold the property for at least 3-5 years. Would love cash flow, of course, but if I could at least break even on a highly appreciating property, I'd be happy with that. 

Would greatly appreciate advice from all of you BP experts! 

 If you're looking for appreciation you should stay in Vegas. If you are looking to buy more property for your dollar, come to Ohio. If you end up in Ohio and you end up in Cleveland you'll want to read The Ultimate Guide to Grading Cleveland Neighborhoods. A lot of properties in Cleveland are so cheap compared to Vegas that you'll think every deal is amazing. This isn't the case and the guide will help explain why.