Why After 3,000 Property Sales and 7 Years Are We Still in Cleveland?
After more than 3,000 property sales and seven years operating in Cleveland, we are often asked the same question: Why are we still there and not somewhere else? We have operated in markets including St. Louis, Buffalo, Rochester, Syracuse, Toledo, Jacksonville, Memphis & Many more. As a company we are always looking for a market that is better than the one we are in, for now Cleveland Ohio still offer investors great opportunites for both cash flow and appreciation. Show me another market where you can buy a single family home renovated for $90K that will Cash Flow at $1,600 per month. For investors with $100,000 or more to deploy, finding a market that combines cash flow with long-term growth potential is becoming increasingly difficult. In many major U.S. cities, $100,000 may only cover a down payment, renovation and closing costs. In Cleveland, we can give you a good single family or multi family for between $90k – $160k all-in (Fully managed with an opportunity to leverage). Why Cleveland Still Works We focus on the fundamentals: purchase price, rental demand, achievable rents, property tax, employment and future investment in the city. Cleveland continues to perform strongly across these areas. Price point is low, rental market is strong, and billions of dollars due to be invested across the city in the coming 5-10 years giving only positive movement to property prices and the rental market. We believe Cleveland is mid-way through a propery cycle and still offers incredible opportunity for investors. Cash Flow allows us to build Wealth Our strategy has never depended purely on property appreciation. One of the first things we look for is cash flow. A property should either cash flow or be ready to cash flow to allow our investors to hold the piece of real estate as the market grows. Again. Cleveland offers a strong rental market and great potential for growth Major Investment Is Coming to Cleveland Cleveland is undergoing significant redevelopment. Projects include the $3.5 billion Cuyahoga Riverfront redevelopment, plans to transform approximately 50 acres of lakefront land, and the Cleveland Browns’ proposed new stadium and entertainment district in Brook Park near Cleveland Hopkins International Airport. Investment is also spreading beyond Downtown into surrounding neighbourhoods. For property investors, the opportunity is often identifying where jobs, infrastructure and redevelopment are moving before the full impact is reflected in property prices. Not forgetting the Cleveland Clinic who are now the city’s largest employer as well as Amazon still investing heavily in the city. Why We Haven’t Moved On Cleveland still offers the combination we look for: an attractive entry price, rental demand, cash-flow potential and significant long-term investment. Until we find another market offering a genuinely stronger combination of affordability, income potential and future growth, we see no reason to leave. Sometimes the best opportunity is not the newest market. It is the market you already know extremely well, and where the numbers still make sense. Ready to See What $90,000 Could Do in Cleveland? Global Investments Incorporated helps investors identify Cleveland properties based on purchase price, renovation costs, projected rents and neighbourhood fundamentals. If you have capital to deploy and want to explore current Cleveland opportunities, speak to our team today. Mike Moodie CEO, Global Investments Incorporated Real estate investing involves risk. Rental income, property values and appreciation are not guaranteed.