New Investor in Cleveland, OH

[Isabella Sanchez]

Hello BiggerPocket Members:

My name is Isabella Sanchez & I would like to introduce myself to the community. I started interning in Commercial Real Estate under a mentor & also have a RE license in Los Angeles. I found Bigger Pockets & have found a passion with personally investing in out of state multifamilies. I am researching & looking for what cities make the most sense to me but I would love to read some opinions from investors.

I would like to get my foot in investing by the end of this year. I have looked into Cleveland, OH & seen some properties that cash flow through the rental analysis. I wouldn't consider them home runs but I have just started looking within these past two weeks. I prefer states closer like in AZ or NV. Are there any other great cash flowing cities that you recommend starting out in?

California is beyond my budget for cashflow, but I do have a silent partner that is willing to put $ down if the deal makes sense to him.

I would love to read & have conversations with your experience in starting out in this journey!

[Michelle Fenn]

I am Cleveland resident and realtor and invested in the North East Ohio market.   There are deals in Cleveland, but I would strongly recommend that you look in the Akron/Summit County market.   Just 30 minutes south of Cleveland. Very similar rents and demographics   Landlord friendly housing court, unlike Cleveland that see landlords as social service agencies.    Akron Metropolitan Housing Authority AMHA is actually well run, as compared to Cleveland CMHA.    My pick is northern summit county.    Right on Cuyahoga county border, well rated schools and lower taxes than Cuyahoga County.    Look at 44056, 44067, 44087.  

If you are looking for duplexes with a good school system look at Stow,   44224.