Cleveland ohio referrals

[Josh Gangi]

Has anyone worked with any turnkey sellers / out of state investor friendly agents in cleveland OH? Im looking into investing in that market and any help would be appreciated!

[Zoran M.]

Hi Josh - are you looking at the east or west side? Each offers great opportunities, but different demographics. If you're looking at the east side, I could put you in touch with my Realtor. Lots of opportunity, but prices in B neighborhoods have gone up tremendously over the last 2-3 years.

You could always look at Maple / Garfield / Warrensville heights. You won't get HPA, but many of the non-foreclosed homes there can be bought for $40-50K and be converted immediately to rental properties grossing $800-875/mo. Foreclosed homes go for much less, but require work. A colleague of mine owns ~75 properties in those markets (bought foreclosed) and fixed up the properties w/ new cabinets, granite, etc (they look beautiful). Those rent for $950/mo. You could buy a foreclosure in that market for $30ish, or slightly less depending on quality.

PM me if you have any questions about the east side. My knowledge of the west side is limited, but @James Wise has experience there.

...just be careful when looking at the inner-ring neighborhoods. Just because homes are cheap in Hough doesn't mean you should buy there :-)