Evaluating the Cleveland Market

[Isaac Taylor]

Hello,

I am starting to take a close look at the Cleveland Market for potential real estate investment opportunities.  Are there any active local investors or real estate professionals that would be available to speak to me about their experience.  From my initial research it seems like a good market for cash flow rentals which is what I have historically focused on in other markets, but also curious if people are successfully flipping.

Thanks

Isaac

[James Wise]

@Isaac Taylor

We have a large portfolio of properties in Cleveland and the surrounding suburbs. (500+) We average roughly 5-7 evictions per month. Of those 5-7 evictions 4-5 of them are inherited tenants and almost all of the evictions are in the actual city of Cleveland. During a given year we are only evicting a handful of tenants in the suburbs and of that handful the majority are inherited tenants.

Case and point if you do proper screening AND invest in the suburbs you won't have to worry about very many evictions. Many people forget about the big AND. They always think as long as you do the proper screening you don't face the risk, not true. The really good tenants live in the better neighborhoods.