New investors looking into Cleveland market
Hi everyone. My wife and I are looking into buying long term rentals in the Cleveland area. If anyone has a great real estate agent and property manager they would like to share we would greatly appreciate it.
@Shane Davis If you need any help I would be happy to speak to you.
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Real Estate Agent OH (#2022000506)
- Berkshire Hathaway Homeservices
- (216) 832-1935
- https://ryanarth.tpragent.com/
- [email protected]
@Shane Davis
I can send over some recommendations
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Real Estate Agent Ohio (#2021001448)
- (614) 412-4565
- https://www.reafcorealestate.com/
- [email protected]
Hey @Shane Davis welcome to BiggerPocekts. Would love to connect here and intro you to a PM.
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Real Estate Agent Ohio (#2023006603)
- (216) 677-0585
- https://www.reafcorealestate.com/
- [email protected]
Hi, I am an Ohio Realtor please feel free to contact me. Thanks!
Regina Blake - Ohio Realtor
#1 Classifieds Contributor
- Real Estate Agent
Hey Shane! I personally grew up in Cleveland. I am a Real Estate Agent and investor, I specialize in helping out of state investors buy properties here in Ohio. I’d love to help and get you connected with my local PM here.
Hi Shane! Cleveland is a great place to invest, especially if you have a great team who is familiar with the area and can be your boot on the ground! There is a team of agents here with an in-house property management company managing 2,400+ units. They specialize in working with investors and would be able to assist. I would be happy to connect and share more!
Quote from @Shane Davis:
Hi everyone. My wife and I are looking into buying long term rentals in the Cleveland area. If anyone has a great real estate agent and property manager they would like to share we would greatly appreciate it.
Cleveland, Ohio is a great market to focus on for cash flow and specific pockets have gone up 2x and upwards of 4x in the last 5-10 years even! Examples: 44109 (median home price went from roughly 50k to 125k in 8 years) https://www.zillow.com/home-values/77009/cleveland-oh-44109/ 44102 (median home price went from roughly 30k to 120k in 8 years) https://www.zillow.com/home-values/77002/cleveland-oh-44102/ 44106 (median home price went from roughly 100k to 200k in 8 years) https://www.zillow.com/home-values/77006/cleveland-oh-44106/ It has the highest rents on average in all of Ohio for major cities and the median home value is not even in the top 3. That creates a really nice price / rent ratio which is favorable for investors looking for cash flow. The median home price is also very low nationwide which creates a low barrier to entry. You can get solid cash-flowing single families in the 90-120k price range and duplexes in the 130-180k price range. There are cheaper one’s in D/F areas but I would be careful as those can create a laundry list of additional issues. In 2022 the rents increased 12.1% year over year which was the 3rd highest in the entire country per https://www.axios.com/local/cleveland/2023/02/14/cleveland-rent-prices. Here are pockets I focus on for cash flow: West side - West boulevard, Cudell, Clark-Fulton, Jefferson, Bellaire-Puritas, Old Brooklyn East side - Fairfax, Buckeye-Shaker (the north side), Waterloo Arts District, Garfield Heights, Maple Heights, Newburgh Heights, Lee-Miles (the north side), Bedford Here are the areas that I focus on for appreciation: West side - Lakewood, Edgewater, Old Brooklyn, Ohio City, Tremont (above 490) East side - Buckeye-Shaker (the north side), Waterloo Arts District, Fairfax *I have a graded neighborhood map of these areas as well if you would like to check it out. |
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Real Estate Agent Ohio (#2021008169)
- 614-502-5316
- http://linktr.ee/joshjanus
- [email protected]
- Podcast Guest on Show #1
Quote from @Shane Davis:
Hi everyone. My wife and I are looking into buying long term rentals in the Cleveland area. If anyone has a great real estate agent and property manager they would like to share we would greatly appreciate it.
Hey Shane, welcome to BiggerPockets! I can send you some recommendations, let's connect.
Hi Shane, I work with a team that helps source off market deal, project manages rehab (if necessary) and will also do property management. I've bought 6 properties from them. They mainly cover Detroit and Cleveland. Lets connect if you are interested.
Hi @Shane Davis. Let's connect to discuss your needs and concerns. Thanks.
@Shane Davis Hello. Please check your inbox. Thanks.
Quote from @Shane Davis:
Hi everyone. My wife and I are looking into buying long term rentals in the Cleveland area. If anyone has a great real estate agent and property manager they would like to share we would greatly appreciate it.
Hi Shane, Cleveland has some great investment opportunities. I'm an investor and realtor there myself. I would be happy to help however I can.
Quote from @Joseph Bui:Could you please share that info with me too?
Hi Shane, I work with a team that helps source off market deal, project manages rehab (if necessary) and will also do property management. I've bought 6 properties from them. They mainly cover Detroit and Cleveland. Lets connect if you are interested.
Quote from @Jiwon Lee:
Quote from @Joseph Bui:Could you please share that info with me too?
Hi Shane, I work with a team that helps source off market deal, project manages rehab (if necessary) and will also do property management. I've bought 6 properties from them. They mainly cover Detroit and Cleveland. Lets connect if you are interested.
Sent a connection request.