All Forum Posts by: Elisha Johnston

Just started working my first W-2 job out of college and looking to start investing ASAP. I've got some family connections to the Cleveland and Columbus area and am wondering if anyone knows if these are good markets to start off in? I'm looking to start off in areas with lower costs coming in, preferably under $100k single families but definitely under $200k.

If you're looking at Cleveland, I suggest reading The Ultimate Guide to Grading Cleveland Neighborhoods to get yourself an understanding on the market.

thank you! I'm taking a look at this now.

1 Vote

Cleveland, Ohio

Quote from @Michael Smythe:

@Elisha Johnston contact RL Property Management about the Columbus market.

Contact @James Wise about Cleveland.

A good/great PMC will know more about the rental market than the majority of agents!

thank you! Reached out to James.

0 Votes

Cleveland, Ohio

Quote from @Regina Blake:

Hi, Ohio is a great place to invest in real estate. My clients from all over the world will definitely agree please reach out if you have any questions. Best Wishes!

thank you!

1 Vote

Cleveland, Ohio

Quote from @Jimmy Lieu:

Quote from @Elisha Johnston:

Hi everyone!

Hi Elisha, congrats on the new job! Here in Columbus, we're still seeing deals here that hit the 1% rule with positive cash flow and lots of potential for appreciation. As an investor myself, I moved here from Portland OR because of the strong macroeconomics of the Columbus market. The job market is strong due to major companies moving and developing here like Intel, Amazon, Google, etc. and there's a steady population growth and strong rental demand. You can find rentals at $120k-$180k price points. And the rules are also very landlord-friendly. Happy to connect and answer any questions you may have.

Ok great to know, thank you! I’ll reach out if I take a deeper look at the Columbus market.

0 Votes

Cleveland, Ohio

Quote from @Crystal Jontony:

Cleveland is an excellent market to invest in real estate. The buying is very low, rents are great and there’s no shortage of tenants. I work with many out of state investors. I’d be happy to answer any questions you have or help you with any thing you need as far as property management, contractors or Boots on the ground.

Ok thank you! I will reach out when I come back from traveling and start looking at the area.

0 Votes

Cleveland, Ohio

Quote from @Golan Corshidi:

hey Elisha, I live in San Francisco and just bought a triplex and Cleveland for 140k that's cash flowing well. I think there are some good deals out there. Consider doing section-8 if you end up buying in some of the rougher areas.

That’s actually very similar to what Im trying to do, I’ve heard a number of good things with section 8. Could I follow up via inbox? Definitely curious about your approach to this

0 Votes

Cleveland, Ohio

Quote from @Nick Belsky:

@Elisha Johnston

Check out the BP Top 100 Cash Flowing Markets spreadsheet under the "Pick Markets" header on the top of the site. Great comparative info on some of the better markets around the country right now.

Cheers!

Ok thank you I’ll take a look at that! Appreciate the actionable next step.

0 Votes

Cleveland, Ohio

I would love to house hack but unfortunately live in Los Angeles, so house hacking is a bit out of reach for me at the moment.
As for building a team, that’s what I’m trying to do most at the moment, since I will definitely need people I trust in finding properties. My parents live in a small town in Ohio so I might start there, but at the moment I’m just trying to build connections to find good markets, and from there deals ideally. Would love to house hack though! I might consider it next year if I move out of LA.

0 Votes

Cleveland, Ohio

Thank you all! Will definitely be looking more seriously at the Cleveland market in that case. Potentially Columbus as well when I start building some more capital.

1 Vote

Cleveland, Ohio

Ok wow, thank you so much! Really appreciate this advice. Could I reach out if I have any questions in the future? Definitely would consider both, but the cash flow does sound quite tempting :)

2 Votes

Cleveland, Ohio

All Forum Posts by: Elisha Johnston

Elisha Johnston has started 2 posts and replied 15 times.

Post: Cleveland and/or Columbus area

Post: Cleveland and/or Columbus area

Post: Cleveland and/or Columbus area

Post: Cleveland and/or Columbus area

Post: Cleveland and/or Columbus area

Post: Cleveland and/or Columbus area

Post: Cleveland and/or Columbus area

Post: Cleveland and/or Columbus area

Post: Cleveland and/or Columbus area

Post: Cleveland and/or Columbus area