Housing Market in Cleveland - Post COVID
Howdy my wonderful fellow REIs,
I have been on the search for my second (buy&hold) rental in Cleveland for months now, but it seems as if there isn't much inventory out there and/or the available inventory are either extremely overpriced, need so much work it isn't worth it, in war torn areas. My price range used to be $40-60k for a 3 bedroom 1 bath prior to Covid but I don't know if that is possible given the competiveness of the current market. Has anyone found a successful strategy that worked for them CURRENTLY? Thanks in advance for your responses and as always
Happy Hunting.
Char
Most Popular Reply
Everyone's price range was 10-30% lower this time a year ago. Prices have gone up everywhere. You have to be the quickest to the trigger these days. If you see something you like and the numbers work, pull the trigger.
For some of the B areas and the better C areas, you're looking at 75k-100k or more.