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Updated about 3 years ago,
Investing in Canton Ohio? Good or bad idea?
Hello
I’m looking to buy my first rental, I’m based of out Southern California and I’m looking to invest out of state since houses and just to expensive here. I found an off market duplex in canton Ohio that Is currently rented out. Produced about $1200 a month, tenant are on their first year lease, both units were remodeled within the last 1-4 years. New floors, bathrooms kitchen etc. I do currently manage my parents triplex since they are older now so I have some experience dealing with tenants and screening. Is canton Ohio a good area to invest with rentals in? Property is located in the “Summit” area of town a few blocks away from the presidential McKinley library & Museum. This is an off market deal, I’m looking at around $37k for the duplex. The price sounds great for me coming from California but I don’t know if it’s too expensive for the area? Is Canton ohio a good city to invest with rental? Any feedback would be appreciated.