Out of State Investor Thinking About Cleveland

[Bruce Harding]

I have very little real estate experience.   But I can figure out the numbers on real estate investments.

Since I have little experience I am thinking turnkey to start.

Been reading a lot about Cleveland.   Compared many other markets .... TX, FL etc....  

Cleveland seems to have some potential for appreciation.

Seems a lot of revitalization going on.

Good cash flow probably more expenses than the Southeast or TX.

We are coming into a down cycle in real estate I think.   Those buying for appreciation may not be so happy in a year or two.

Or would you stay away from Cleveland as an out of state investor ?   The turnkey company is rock solid BTW.

[James Wise]

Originally posted by @Bruce Harding:

I have very little real estate experience.   But I can figure out the numbers on real estate investments.

Since I have little experience I am thinking turnkey to start.

Been reading a lot about Cleveland.   Compared many other markets .... TX, FL etc....  

Cleveland seems to have some potential for appreciation.

Seems a lot of revitalization going on.

Good cash flow probably more expenses than the Southeast or TX.

We are coming into a down cycle in real estate I think.   Those buying for appreciation may not be so happy in a year or two.

Or would you stay away from Cleveland as an out of state investor ?   The turnkey company is rock solid BTW.

 There is definitely a lot of revitalization going on in Cleveland. Not everywhere though. Make sure you understand the type of neighborhood you are looking at when you make a purchase. You can use The Ultimate Guide to Grading Cleveland Neighborhoods to assist in this. There is still a lot of blight around town.