THE 8 REASONS TO INVEST IN CLEVELAND QUICKLY!
« Where should I invest now? “This is a question that investors ask us all the time because they consider it the best place to invest their capital to invest in real estate.
One of our go-to sites for investing may surprise you as it surprises many investors when they first hear it – but read on because the reasons make perfect sense …
Most investors expect us to mention some of the more interesting places, like Austin, Texas; Silicon Valley; Los Angeles, California. After all, these are expensive, trendy places – surely someone would want to own a property where everyone else is, right?
Some of the more popular markets in America have homes that can only be bought if you have six or seven figures lying around or are ready to take out a mortgage on investment property. And even worse, the boom / bust economics of places like Silicon Valley (where your tenants might be employed by the latest tech startup one day and unemployed the next) just doesn’t make sense.
Many investors are attracted to markets which currently appear attractive. But at KALLISTE INTERNATION LLC, we believe in investing in markets that make sense for the long term… Even BEFORE they grab attention and others. This is an approach that we have adopted for years and this is the reason why we have been invested in the USA (LAS VEGAS, DETROIT and now CLEVELAND) for more than 10 years. And what we’ve known for over 10 years is something other investors are just starting to realize. We continue to love places and are confident, more than ever, that investors around the world will find it a great place to invest.
It’s no surprise that in October 2016, Forbes called Cleveland “the hottest city in the United States” or that Business Insider ranked Cleveland among the top nine U.S. cities for investment in 2017.
Here’s why we love Cleveland as an investment market …
Reason # 1. Cleveland is the second largest city in Ohio and the 51 elargest city in the United States . This means that the population and the economies of scale are significant, which guarantees a good pool of tenants and property management companies.
Reason # 2. Cleveland roots . Cleveland is not renowned for its tech industry like Silicon Valley is, and that’s a good thing: Cleveland has been a manufacturing hub since its founding in 1796, and this vibrant, dedicated, and dedicated people jobs at long term and stay with them for years. It is a stability that attracts sophisticated investors.
Reason # 3. Cleveland’s Diverse Economy Contains Jobs That Cannot Be Outsourced . Cleveland has grown its economy and is now home to several industries with US-centric jobs that cannot be outsourced. For example, Cleveland is home to the headquarters of several large companies, NASA has a facility there and the health sector is very active.
Reason # 4. Cleveland is becoming a cultural hub . When it comes to sports, entertainment, nightlife and culture, Cleveland will surprise anyone who doesn’t live there. The city is alive, day and night, and is gaining more and more attention from food critics, not least with its six James Beard restaurants. And, of course, the recent Cleveland Cavaliers and Cleveland Indians championships have helped raise the city’s status.
Large, stable, reliable, growing. These are very compelling reasons to take a closer look at Cleveland from an investment perspective. And the best part (which is ultimately why we chose to invest here) is this…
Reason # 5. Affordable turnkey investments. While many large cities like LA may seem like great places to invest, a closer look reveals that their real estate is outrageously expensive, which can take hundreds of thousands, if not millions, of dollars to acquire an investment. . But in Cleveland, a turnkey rental property that is cleaned, leased, managed and generates cash from day one can be purchased for under $ 60. This allows investors to step in more quickly and even invest in more properties for diversification purposes.
Reason n ° 6. High yields . A workforce in industries that cannot be easily outsourced can support solid rental prices starting at $ 450 / month. Our investors get annual returns ranging from 8% to 12%, sometimes more.
Reason No. 7. Coverage . All real estate offers some form of hedge against inflation and economic pressures because it is a real asset. But in Cleveland, this blanket has an even greater effect due to the size, stability and diversification of its economy, which protects it against other types of economic ups and downs, such as l ‘impact we saw on Silicon Valley during the tech downturn in 2000. 2007.
Reason n ° 8. Appreciation . While appreciation is not a cash flow investor’s primary goal, Robert Kiyosaki calls it “the icing on the cake” and it is definitely something to savor if it is available. Thanks to Cleveland’s burgeoning notoriety, due to its culinary growth and the two championships of its sports teams, attention is shifting more and more to Cleveland, which attracts new industries, new residents and new investments, which leads to higher prices.
At American Wealth Builders, we have been investing in Cleveland for the past 15 years and maintain our optimistic outlook for this city for now. Cleveland Ohio is often the kind of market that deserves a second search for investors who are looking for a solid, solid economic base AND a place to find affordable, high-yielding prices. investment properties.
If you haven’t seen Cleveland as a potential market for your investment capital, take a closer look at it now.