All Forum Posts by: Chaitanya M.

 Definitely check out ohio, Cleveland is in biggerpockets top 5 for cashflow cities https://www.biggerpockets.com/...


Columbus can also have decent cashflow, but is more appreciation driven than Cleveland. Its also the fasted growing metro area in the midwest. 

Cleveland is about 60% renters and is majority multifamily. We have some of the world's best hospitals and a strong STR and MTR presence around the hospitals and great rents in other parts of the city.

Columbus, like i said, is growing rapidly. We have tons of large corporations investing here like intel ($20B), Hyperion ($225M), Sarepta ($30M), and others.

Heres an infographic of the major ones in ohio 

Hi @Chaitanya M.

Hope all is well? To kudo's some of the other bigger pockets reply the Midwest is typically your best bet for Cashflow, areas like Indianapolis, Cleveland, Detroit can provide good cash flow alternatives, but I would urge you to look beyond cash flow.  You want to not only have good cash flow but be able to have appreciation so when you sell you can actually make a nice profit.  Look at areas that provide this, for example areas outside of Nashville are good for this so are areas outside of Charlotte NC, and various places in Central, West, and North Florida.  I am a Florida investor so I am a bit biased but can tell you South Florida is primarily an appreciation market. 

My experience shows that your 15% to 20% ROI was more realistic prior to the increase in Interest Rates I am personally looking at a Cash-on-Cash Return of 8% minimum if there is good appreciation and with normal appreciation, I am looking at 10% Cash on Cash Return.

Hope that helps.

If you're open to considering out of state investing, research the midwest. The rents are very strong relative to home prices, and this makes the midwest a great area for cash flows. If it's your first deal, be very thorough researching markets, and try to even get in touch with some local real estate professionals if possible.

Hey Chaitanya, I really like Columbus Ohio and work with a lot of out of state investors - there's so many catalysts for why you should invest here. Specifically, there's job growth (Intel, Honda, Amazon, Nationwide, etc) and the population is growing (unlike Cleveland or Cincy). I really see Columbus Ohio as an extremely safe bet for the next 10-20 years. Plus, there's still so many positive cash flowing and 1% deals here in Columbus Ohio. Just a few weeks ago, I helped a client close on a deal getting them 20% cash on cash return. My biggest advice for out of state investors is finding the right team members who has your best interest at heart (and not chasing a commission check or see you as a paycheck!). If that means interviewing multiple people, you should definitely do so! As a local investor and agent here in Columbus, let me know if you have any questions or want to connect!

@Chaitanya M. If you're mainly looking for cash flow then the Midwest is usually the best option. A city like Cleveland is great for cash flow. I operate in the Cleveland and Columbus markets and we have many out of state investors looking at Cleveland for cash flow and Columbus for a mix of some cash flow and good appreciation. Let me know if you have any questions about Cleveland/Columbus!