How we Keep Cleveland Income Real Estate so Affordable?

Why is Cleveland Ohio Metro so affordable to buy and invest in? When I first moved here in 2009 I could not believe the real estate prices on homes. Buying real estate was pretty easy until you ran into some of the cities in the area.

With Cleveland being a very old area there are a lot of little to mid sized cities in and around Cleveland. Understanding the reasons that some are so hot and others require a lot of experience.

Cleveland is affordable because of that, and we focus on the great areas that do not cost so much and have plenty of amenities.

Parma is one of the cities where you can buy a 3 bedroom home for around $120,000 (these are fixer uppers and have equity). These homes are on great streets and lease for $1400+ a month. The city has close to 80,000 people living in it and has all the stores you need. A+ tenants that stay 24 months or better and pay their rent.

Bedford is another city of about 16,000 population that we buy in that is really reasonable and is a B area that also gets great tenants. Homes in this area range for a 3 bedroom is about $95,000-$105,000. The homes are worth $135,000+ and lease for $1200+ a month. Close to Solon, Aurora and Macedonia for amenities. Lived in Bedford for 10 years in a great bedroom community.