Investing in Cleveland from out of state

[Daniel Sheftman]

Hi everyone!

I have been following the Cleveland market for quite a while and now getting ready to take a trip to the area to take a look and hopefully close a deal. I am interested in C grade neighborhoods (SFR or multifamily). Seems I am late to the party for anything of better quality as returns are slim to none now. I am looking for a reputable RE agent that can accompany me, preferably someone experienced with out of state investors, and who has an "inspector" mindset. My experience so far is owning one property in a different market. Be glad to hear referrals, and if anyone has a good PM recommendation, welcome :)

Cheers! 

[Ryan Evans]

You're doing the right thing by flying out and seeing it for yourself. It's a much different world out here and I was starkly reminded of that again last night coming back to CLE from Cali! And there are still plenty of deals out there if you know what you're looking for. I just went under contract on an easy single house from the MLS that will cash flow $250/month on the conservative side.

And if you're planning a trip, you should try to line it up with some investor meetups happening around town. They're always a great way to grow your network quickly when in town for a few days.