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Cleveland Real Estate Forum
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Updated over 5 years ago on . Most recent reply

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67
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18
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Rudy Bello
  • Investor
  • Vancouver, WA
18
Votes |
67
Posts

Investing in the Cleveland market

Rudy Bello
  • Investor
  • Vancouver, WA
Posted

What's your input about the Cleveland market? And locations to invest for SFR or duplexes, triplexes and quads? Thank you

Most Popular Reply

User Stats

217
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132
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David Leggett
  • Real Estate Broker
  • Cleveland, OH
132
Votes |
217
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David Leggett
  • Real Estate Broker
  • Cleveland, OH
Replied

Yes, Cleveland is a great untapped rental market that not a lot of people really know about. I see a lot of investors looking for multi-family properties, and they're out there, and I can find them for you. But you shouldn't overlook the single family rental market in this area, it's outstanding. I'm finding properties regularly, I just found one two minutes ago, that are selling for 50-60k, in viable rental neighborhoods, getting $800-$1000 a month. That's like a 20% ROI, you can have the house paid off in 5 years and be collecting straight profit for however long as you want, not to mention the increase in the home values over time. Feel free to contact me and I can send you some properties I'm talking about.

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