All Forum Posts by: John Conte

Does anyone have investment experience in these areas? Finding some attractive looking deals, I'm an out of state investor, looking to buy and hold for rental/cash flow purposes, how has this area changed over the years/performed for people? Thanks!

I suggest giving The Ultimate Guide to Grading Cleveland Neighborhoods a read. This should help you paint a clearer picture of what you are looking at when investing in Cleveland.

Yea since posting this I'd done some research and come across this post. Great work, it's definitely a big help!

Thanks. Feel free to tag me in any other Cleveland related questions. I'll drop by the thread & drop my $.02

Much appreciated, a well informed 2 cents is the most valuable part of any down payment!

If you're willing, I'd like to privately message you with my potential strategy(ies) just to see if I'm on the right page/if there's things I'm not considering in my analyses

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Originally posted by @Tom Ott:

Originally posted by @John Conte:

North Collinwood is turning into a nice arts district. I would look at every deal with extreme caution still. You never know.

Yea it seems to have the potential for some really solid returns, and seeing what's happened in the NYC areas (Williamsburg, Bushwick, Staten Island, Jersey City) for the past 10 years if it's done right it booms.

But thanks for the advice, it definitely isn't a rule that artsifying a district is going to work.

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Originally posted by @James Wise:

Originally posted by @John Conte:

I suggest giving The Ultimate Guide to Grading Cleveland Neighborhoods a read. This should help you paint a clearer picture of what you are looking at when investing in Cleveland.

Yea since posting this I'd done some research and come across this post. Great work, it's definitely a big help!

1 Vote

Originally posted by @Caitlyn Hummer:

Hi John. Would you be interested in a 5-unit in Norwood? It's just north of downtown Cincinnati - maybe 10-15 minutes.

I have it listed right now in the marketplace > https://www.biggerpockets.com/forums/517/topics/59...

Thanks Eric, that's a great looking property, it's a little outside my price range however and the numbers don't quite work out for me. Best of luck though, and if anything changes I'll be sure to be in touch!

1 Vote

Looking for MFH in this area, anyone with experience/holdings that have insight as to how this area performs?has appreciated?

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Originally posted by @Donald S.:

I agree with @Max Householder I would suspect a large portion of the population decline in St. Louis City is in North St. Louis (still part of the city, just generally considered worse than South St. Louis). But investing in our hometown is easy for us since we live here and can go drive the streets/neighborhoods we're investing in, for out of towners you'll need a good man on the ground to really know the lay of the land for you.

Yea it's been a challenge to really nail down who knows what they're talking about and who's just trying to make a sale

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Originally posted by @Max Householder:

I live and invest in St. Louis. The statistics can be misleading because the city proper is a separate political entity from the county and surrounding metro. Yes, on the whole the CITY population has been in decline since the 1950s, but many neighborhoods, especially in South City are seeing population growth (63116 for one) post-Great Financial Crisis and there is a lot of revitalization and investment taking place.

The city of St. Louis is only 60 square miles out of 360 sq. miles that makes up Greater St. Louis. The Greater St. Louis metro has seen steady population growth over the years, even if the stats on the city proper are much gloomier. Greater St. Louis

St. Louis County has been extremely stable/slowly growing for decades. The population in St. Charles County to the northwest has more than doubled in my lifetime. Jefferson County (south) and Franklin County (southwest) have seen steady growth for decades. Madison County IL has been had a steady population since the 1970s.

There is plenty of opportunity in St. Louis, you just need to drill down your target area, sometimes to a single street or a few blocks, more than in some markets that see growth/decline more broadly across a larger area.

Thanks for the info, I'll definitely start looking around the greater area.

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Originally posted by @Arthur Soto:

Can you even find a quality MFH for 40-100k? I am just curious. I am all new to this bud budgetin between 100-160ish for my first investment.

I've seen a few, they seem to be in higher risk areas and in some type of dilapidated state, hence my hesitance. Duplexes for that range are more common than 3+ unit structures, but they're out there.

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Originally posted by @Paul Choi:

St Louis population has been on the decline for years. I would look else where. It would take a great amount of stimulus to get that trend reversed.

http://worldpopulationreview.com/us-cities/st-loui...

Thanks, that's some solid data. I've seen people talking about really good ROI in St. Louis and similar areas, but I don't like those numbers for long term

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All Forum Posts by: John Conte

John Conte has started 11 posts and replied 32 times.

Post: Cleveland (Manhattan Beach/Waterloo)

Post: Cleveland (Manhattan Beach/Waterloo)

Post: Cleveland (Manhattan Beach/Waterloo)

Post: Cincinnati (Westwood/Cheviot Area)

Post: Cincinnati (Westwood/Cheviot Area)

Post: Hi All! First Time Investor Interested in Multifamily Units

Post: Hi All! First Time Investor Interested in Multifamily Units

Post: Cleveland (Manhattan Beach/Waterloo)

Post: Hi All! First Time Investor Interested in Multifamily Units

Post: Hi All! First Time Investor Interested in Multifamily Units