New to NE Ohio investing. Looking to build a team for successful BRRRRs

[Dirk Singleton]

Hello all. I am from TN and the real estate here has gotten too pricey to produce the returns I am looking for. We are shifting our focus to NE OH and are looking to build a strong and ethical team for successful BRRRRs. Any advice or referrals would be greatly appreciated. And if I can be of any value to someone looking in TN, please let me know.

[Joshua Janus]

Quote from @Dirk Singleton:

Hello all. I am from TN and the real estate here has gotten too pricey to produce the returns I am looking for. We are shifting our focus to NE OH and are looking to build a strong and ethical team for successful BRRRRs. Any advice or referrals would be greatly appreciated. And if I can be of any value to someone looking in TN, please let me know.

Cleveland, Ohio is a great market to focus on for cash flow and specific pockets have gone up 2x and upwards of 4x in the last 5-10 years even!
Examples:
44109 (median home price went from roughly 50k to 125k in 8 years)
https://www.zillow.com/home-values/77009/cleveland-oh-44109/
44102 (median home price went from roughly 30k to 120k in 8 years)
https://www.zillow.com/home-values/77002/cleveland-oh-44102/
44106 (median home price went from roughly 100k to 200k in 8 years)
https://www.zillow.com/home-values/77006/cleveland-oh-44106/

It has the highest rents on average in all of Ohio for major cities and the median home value is not even in the top 3. That creates a really nice price / rent ratio which is favorable for investors looking for cash flow. The median home price is also very low nationwide which creates a low barrier to entry. You can get solid cash-flowing single families in the 90-120k price range and duplexes in the 130-180k price range. There are cheaper one’s in D/F areas but I would be careful as those can create a laundry list of additional issues. In 2022 the rents increased 12.1% year over year which was the 3rd highest in the entire country per https://www.axios.com/local/cleveland/2023/02/14/cleveland-rent-prices.