Looking to build in Cleveland, Detroit and Baltimore

[Anthony Hooker]

Any advise on East Cleveland. Looking to invest in buy & hold (Duplex, Triplex or Quad-plex). I have never been to the area, but will be taking a trip there week of Sept. 27th

[Andrew Weiner]

Hi @Anthony Hooker,

What are you investment goals?  East Cleveland is a very high crime/low income area.  You can get section 8 tenants there but some property managers won't manage in East Cleveland, it will reduce the number of companies that are available for you to do business with.  Properties look great on paper in East Cleveland but when you get down to it the operational expenses end up being much higher and the deals don't always have that super high return that you were hoping for.  I would suggest looking at some other more stable areas like Euclid, South Euclid, Garfield Heights, or Old Brooklyn if you are a long term investor.