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Updated over 2 years ago on . Most recent reply

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Benjamin Sulka#5 House Hacking Contributor
  • Cleveland, OH
576
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811
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Best Cleveland Markets for Cash Flow?

Benjamin Sulka#5 House Hacking Contributor
  • Cleveland, OH
Posted

For those based in Cleveland. 

Which markets do you think are the most promising and which areas look the best for cash flow investing? 

I am trying to narrow my search down to maybe 3 promising markets and look within those for a multi-family deal. I want to spend my time scoping out areas in great detail. 

Thank you! I really appreciate any insight. 

Ben Sulka, aspiring real estate investor 

Most Popular Reply

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62
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Andrew Duna
  • Real Estate Agent
  • Cleveland, OH
80
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62
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Andrew Duna
  • Real Estate Agent
  • Cleveland, OH
Replied

Hi Ben - @Shane Kelly pointed out some great areas to scope out.

One thing to consider- You had mentioned in the forums previously that you had the goal of house hacking. If that is the case then you could even consider getting into a more premium neighborhood like Lakewood. If you buy a duplex using FHA financing then you only need 3.5% down and the rents are skyrocketing in Lakewood. Your cash on cash still ends up being amazing and you are living in a more desirable neighborhood with better tenants and a higher chance for appreciation as well.

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