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Updated over 3 years ago on . Most recent reply

User Stats

107
Posts
38
Votes
Javaras Thomas
  • Rental Property Investor
  • Miami, FL
38
Votes |
107
Posts

Area to invest in Cleveland Ohio

Javaras Thomas
  • Rental Property Investor
  • Miami, FL
Posted

Hello, 

what are some areas I should be looking in the Cleveland Ohio market? What are some area I should stay away from, I am looking for a "cash flow" style property. I am ok with a little rough but want to stay away from very rough lol if that makes sense. Thanks in advice. 

Most Popular Reply

User Stats

110
Posts
65
Votes
Frank Rodrigues
  • Investor
  • Kansas City, MO
65
Votes |
110
Posts
Frank Rodrigues
  • Investor
  • Kansas City, MO
Replied

@Javaras Thomas I have moved a lot of inventory in the Cleveland market and from my experience, you are better off dealing with B class properties. Can you get lucky in C class and maybe some section 8? Sure but those are rare with more tenant issues and they don't appreciate as much. I personally would rather spend a little more in a B class area and get a little less in the cashflow but get a bigger return when I sell it in 5-7 years. If you are using a property management company make sure it is a company that does a great job of screening tenants with the right kind of jobs and credit history, this is key for consistent cashflow. I hope that helps and best of luck! If you have any other questions feel free to PM me. 

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