Nobody Talks About The Dark Side of Turnkey Investing in Ohio

[James Wise]

Everyone is pitching Ohio as the best turnkey real estate market like it's streets are filled with lollipops and candycorn. Folks, it ain't all cocaine and rainbows here in Ohio. Sure the cash flow properties are cheap and plentiful, but there is always a negative on the opposite of a positive.

All ya'll folks from California, New York, Denver, Portland and various other expensive markets are buying in places like Cleveland, Akron, Canton, Cincinnati, Columbus, Dayton, Youngstown or Toledo. This is all well and good, but these are some brutal markets for out of state investors. It's not just an Ohio thing either. You'll get the same experience in Detroit, Kansas City, Indianapolis, Baltimore, Pittsburgh or Memphis.

Point being, it's not all great. Yes I've made millions managing 1,000's of tenants many of the above markets but it's a very challenging way to earn your millions. On HoltonWiseTV we're committed to showing you guys the true realities of investing out of state in these kinds of markets. I highly suggest you check out what we've got going on before you buy a long distance rental property.

CLICK HERE for a quick little taste of what I am talking about. From there, you'll be more prepared to know what you're signing up for, because like I said, it ain't all lollipops and candycorn out here.

[Benjamin Sulka]

Quote from @James Wise:

Quote from @Benjamin Sulka:

James, 

What markets in and around Cleveland do you see as a better play? 

I'm getting started by house hacking this up coming year and am realistically going to have to buy in a B+ - A area. Need to live in an area that my significant other is willing to live. I have a few markets in mind but obviously prices are much higher in these areas. 

Hope you had a fantastic Thanksgiving. 

 If you're going to live there, you should be less concerned with the numbers and more concerned with buying a nice house in a nice neighborhood.

If you buy a nice house in a nice neighborhood at a young age, it's basically impossible for it to be a bad investment over the long haul.

 Thanks for the advice, James! Really helps put things into perspective for me. 

I'm currently living in Lakewood and really want to buy a duplex here. 

Do you attend any local Ohio REIAs? I'd love to connect in person sometime. 

Cheers!