Coronavirus is helping Cleveland become a house-flipping hot spot

[Tom Ott]

What does everyone think? I have been saying it for years, Cleveland is a hidden gem and investments here are better than ever. Always need to be careful in regards to which neighborhood you select, but almost everything here hits the 1% rule! 

https://www.foxbusiness.com/lifestyle/cleveland-is-a-house-flipping-hot-spot-and-covid-is-helping

"Greater Cleveland has been one of the most profitable places in the country to flip houses and own rentals. The typical fix-and-flip project there, as elsewhere around the Great Lakes, sells for twice what it cost. The monthly rents collected often meet the landlord’s ideal of at least 1% of the purchase price."

[Tom Ott]

Originally posted by @Chris Williams:

Out of curiosity...I have friends in Cleveland, and they discount the city for its high crime. Are they just in a bad neighborhood (I don't know exactly where), or did the article gloss over something?

 It really depends on where you invest! There are certain areas that I wouldn't touch either. Every city in the world as that. I tend to stick o the suburbs. A lot more stable there. People who live anywhere in the Midwest tend to miss its beauty as we are always told from a young age that the coasts are where it's at!