Let's talk Cleveland!

[Brian Morgan]

It's seems that everywhere I look lately, people are excited about the action in Cleveland. So much so, that I am thinking about possibly flying out and doing a few deals out there before winter.

Only problem is that I know absolutely nothing about this area. Can someone give me an idea of areas and towns to target and which ones to stay away from?

I'd be looking for short term fix and flip, as well as longer term rehab, rent, and hold under 75K. I know that isn't a ton of info, but let's start there anyway!

[Dionte Graves]

Originally posted by Brian Morgan:

It's seems that everywhere I look lately, people are excited about the action in Cleveland. So much so, that I am thinking about possibly flying out and doing a few deals out there before winter.

Only problem is that I know absolutely nothing about this area. Can someone give me an idea of areas and towns to target and which ones to stay away from?

I'd be looking for short term fix and flip, as well as longer term rehab, rent, and hold under 75K. I know that isn't a ton of info, but let's start there anyway!

Hi Brian, Yes there are plenty of opportunities here for rentals. Being out of state you probably want to stay away from the city of Cleveland ( I know that sounds a bit contradictory) You want to focus on METRO Cleveland in the suburbs that border Cleveland. On the east or southeast the cities that have good potential are University Heights, Cleveland heights, Shaker heights, South Euclid, Mayfield... ON the west to south west... Lakewood, Parma, Brooklyn... These areas all have some good deals to pick from.... Just be aware that some of these cities have pretty strict Point of Sale inspections which may increase rehab costs...

Areas to stay away from East Cleveland, Garfield, Maple hts...Much of the city of Cleveland, there are good areas of Cleveland to invest in But If you don't know the city very well Id say stick to the burbs!