Is Cleveland really the best investment market in the U.S?

[James Wise]

Maybe, Maybe not but according to these folks it is!

The Best and Worst Metros to Be a Real Estate Investor

Thoughts?

[Michael Swan]

Thanks @Matt R.

Isn't that what all investing is about?  By low and sell high, plus take the cash flow along the way.  I have 7 more single family I purchased in 2015 for an average of $30,000 a door in Euclid that are cash flowing smartly.  They are cash flowing an average of $400.000 a month each presently.  I have had very few vacancies since I purchased them in 2015.  They rent for a low of $650 to a high of $825.00 a month.  

In the back of my mind I look at what they were selling for in 2002-2004 and even at $45,000-$50,000 current value, they were worth about $80,000 or more back then.  

Although, as you know, I am moving away from single family to the apartment complex business model and of course I am not the only one that has made money in this market.  If that were true, would all these brokers be so active selling at these appraised market comparative values.  The 4/1 I sold in Euclid 2 weeks ago appraised at $50,000, True value.  I purchased it for $33,000 in late 2015.  So, in the time I owned this property it is about a 25% appreciation per year in the 21 month holding period, plus the cash flow we received along the way.  It rents for about $950-$975.00 a month.

What I give here are true numbers that anyone can look up. The address is 23325 Roger Dr. in Euclid.  You can look it up.

Many people on BP talk about statistical historical facts in an area and numbers etc... However, they don't recognize real current up to the date  real people and real purchases and sales etc... 

There is nothing like the real thing to be the deciding factor.  I have the proceeds of that sale sitting in my bank right now getting ready to invest in true Multifamily deals.

Statistics often lag considerably behind real day to day happenings and sales etc...

Talk is cheap!! Action and results are what matters.  My $120,000 and drastically rising cash flow is what I am talking about!!  In a short 6 month period that will be approximately $150,000 cash flow per year!!  Then onward and upward to my goal of $750,000 to $1,000,000 cash flow per year.  To think in June of 2011 Investing just putting $25,000 down on a little 1br investment condo cash flowing about $350.00 a month to my now 86 front doors and counting.  I am starting negotiations on another 46 front doors and will be selling a $5,000 per year cash flow condo for $270,000 next month to the highest bidder that I only paid $116,000 in the summer of 2011.  To think, we only put down approximately $34,000 down on that one and we have less than $80,000 left on the loan.

What a country!!! America!!!!!

Swanny