Looking to purchase few buy and hold properties in the ohio area

[Lawrence Lloyd paclob]

I would like to ask if anyone is open to sharing there insight of the market in ohio, I am looking to purchase my first few buy and hold properties and trying to look for a market to start investing in. Thank you in advance 

[Sunny D.]

I agree Cleveland has some good price points to get in.

The key is to narrow down what areas and price range you want to get in. Considering that many of the homes are old, you have to factor in deferred maintenance as you wont be able to easily do a apples to apples comparison.

If you are an out of state investor, I would stick to West side. I just bought a SFH in 44135 and plan to buy one more in the next 2 months. I had a strict criteria- recent rehab, price less than 60K and can rent for 950, at least enough recent sales in the neighborhood for above my purchase price. I paid all cash , hence was able to negotiate down by 5K by guaranteeing a quick close (14 day close). I see prices are in a slight uptrend, don't wait till summer to pull the trigger.

@Federico Gutierrez helped me with the transaction and he is very knowledgeable of the market.

My advice is don't just pull the trigger on the first one. Keep looking at all the listings and also rentals so you start getting a feel of supply and demand and asking price.