Looking to expand into a market in Ohio. Akron, Columbus ETC.

[Kris Mead]

Hello, all!

My wife and I are looking to diversify into a new market and Ohio has been on our radar for quite some time. We are hoping to zero in on one or two so we can start building connections in anticipation of being boots on the ground in August.

We are trying to narrow it down further but so far we are looking in Akron/Cleveland/Canton, Columbus, Cincinnati, Dayton and possibly Toledo.

Our strategy is long term buy and hold for cash flow. Appreciation is a plus but not required.

Any and all recommendations are welcome!

[Marc Rice]

@Kris Mead

Ohio has a lot of good options as stated above. Cincy, Cleveland, Dayton, and Toledo will offer the strongest cash flow to purchase ratios, but lack some of the appreciation that really makes a long term buy and hold worth it. Columbus will offer a little less cash flow but longer term appreciation and rent increases due to its rapid job and population growth.

I agree with above - interview local agents and property managers in the markets you’re analyzing to best decide. Good luck!