Abstract
Many potential Real Estate investors are priced out of the areas that they currently live in. Previously, this would have meant they either could not invest in Real Estate or had to move to a lower priced area in order to invest. However, in the modern Internet age, deals can be made anywhere and completed on mostly on a smartphone. Discovering the correct market and property type for investing is dependent on many factors including the investor’s goals for real estate and willingness for risk. Assuming the position as a potential investor and using sources such as “A Primer in U.S. Housing Markets and Housing Policy” (Green and Malpezzi) and “Long-Distance Real Estate Investing” (Greene), I analyzed housing markets of most metropolitan areas in the United States over the last twenty years, set parameters on price-to-rent ratios, and forecasted appreciation in cities to find a few specific cities to invest in. Ultimately, I found Cleveland to be a city that met the price-to-rent and expected appreciation parameters that I had set. Within those two cities, single family homes in the Cleveland Heights neighborhood worked out to be the best deals based on their capitalization (CAP) rate and price-to-rent ratio.