OHIO
Ohio is a mid western state in the Great Lakes region of the Unites States. The state is bordered by Pennsylvania, West Virginia, Kentucky, Indiana, Michigan and Lake Erie.
The state is most industrialized in the nation. It has a leading share in the production of lime, clays and sale in the whole United States.
Chief industries of the state are manufacturing, trade and services. Important manufacturing goods are transportation equipment, machinery and primary and fabricated metal products.
Due to major manufacturing industries located in Ohio, this state is usually known as “blue collar” population. Currently, in Ohio, a home can be purchased for less than $40,000 with a potential rental income of $400 - $500 per month. Rental demand is high and triple AAA tenants are available. What’s even better, rent to own tenants are easier to locate. We are buying here because of one reason…positive cash flow. I mean cash flow of 15-20% has become norm and you can access a fully detached house that is completely renovated with a renter or least to own tenant for only 25K.
These properties are generally located in Cleveland, Cincinnati, Toledo, Youngstown and Columbus area.
By the way, in all cases, we use a management company so we don’t have to do day to day work with the tenants, making it a great passive income opportunity. We expect to cash out big time in approximately 5 years while we wait, we collect amazing amount of cash flow. Some of you may not want to ever sell these cash cow properties…and I don’t blame you. By the way, Ohio may not be a sexy place to invest but my bank account loves it.
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