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Updated about 1 year ago on . Most recent reply

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Carlos Hidalgo
7
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5
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Buy and holds in Cleveland, Ohio

Carlos Hidalgo
Posted

Hello everyone. I am a new investor, and I am mainly interested in buy and holds. I have a private lender who is willing to lend to me as long as I have a plan. Cleveland to me looks like it would be a nice place in terms of cashflow since properties there are not so expensive compared to many of the other areas that I have looked at. For anyone who is familiar with the Cleveland area, does anyone know where the places would be to look for with respect to finding C+ or B- properties. Also, are there any property managers or contractors that you would recommend? Also, I know this is a little unrelated, but to those of you that reply to this, do you have experience with long distance real estate investing? The reason I ask is because I live out of state and I am curious as to how different that process is compared to investing close to where you live? Thanks. 

Most Popular Reply

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434
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Nadeem Alamgir
  • Real Estate Agent
  • Cleveland, OH
353
Votes |
434
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Nadeem Alamgir
  • Real Estate Agent
  • Cleveland, OH
Replied

Cleveland, it's great market to focus on for cash flow and specific pockets have gone up 2x and upwards of 4x in the last 5-10 years even. 

Like Patrick Drury said I would stick to the westside if you are looking to break into the market. The comps are set and tons of BRRRs and turnkey under market value all over westside. 

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