Cleveland Ranks First & Second For Real Estate Investing in 2017
Cleveland Ranks First & Second For Real Estate Investing in 2017
Cleveland, OH continues to be ranked as one of the top cities for real estate investing in 2017.
Those looking for true real estate deals will find Cleveland still stands out as one of the best choices for a variety of reasons. Check out why the most experienced investors and analysts name it as the most recommended destination…
Second Best For Rental Property Investing
HousingWire names Cleveland, Ohio its #2 choice for rental property investing in 2017, based on CoreLogic data. The numbers show Cleveland turning in as much as 16.6{0060ab4cb5a7054e087fa7ae8f4341848cb29383e3f72a30bb74a39dd520d633} yields, with strong rental growth. Detroit took the number one spot on this list, with 0.4{0060ab4cb5a7054e087fa7ae8f4341848cb29383e3f72a30bb74a39dd520d633} higher yields, though has a higher vacancy rates, and other obvious issues.
#1 Best US Housing Market for Investment in 2017
Business Insider and Home Union rank Cleveland as #1 for investing in single family homes. This is also based on strong yields, and 11{0060ab4cb5a7054e087fa7ae8f4341848cb29383e3f72a30bb74a39dd520d633} plus cap rate, and home prices sitting at an average of just over $75,000.
Great Fundamentals
Cleveland has strong fundamentals, which not only make it good for picking up affordable real estate deals now, but suggests long term sustainability. Billions are being invested in Cleveland’s infrastructure and businesses. It is a city which has proven to be able to reinvent itself and innovate, no matter what is happening out there. Ports, major healthcare centers, high education facilities, and its suburbs being named as some of the best for starting a small business in 2017 by WalletHub, make it a fantastic choice.
Cleveland is Cool
Forbes has called Cleveland America’s #1 hottest city. It’s true. More are visiting and are experiencing the trendy food and sports scene for themselves. Now there is even talk of Dwayne Wade, and other major players joining LeBron in Cleveland, and that could propel the city’s position in the spotlight even further.
Sound Investing
The recent major hurricanes, and anticipation of even more disaster with this year’s overactive storm season are another reason investors are looking to Cleveland. There may be a risk of tornadoes everywhere in the US. Yet, investors don’t have to gamble in destinations prone to earthquakes or major hurricanes, when there are alternatives with more value in their deals. At least, most are realizing the urgent need for diversification.
Get Cleveland Real Estate Deals Now
We’ve recently teamed up with one of the most respected, longest running, and top Cleveland real estate experts to offer our friends, family, and clients access to incredible rental property deals in Cleveland, OH.
These deals start at just $40k, with 12{0060ab4cb5a7054e087fa7ae8f4341848cb29383e3f72a30bb74a39dd520d633} plus returns, and are delivered as fully turnkey rentals.
Get in touch today to find out how to get yours…
Call: (951) 280-1900
Email : Invest@blackbeltinvestors.com
