Researching Ohio as first time investment

[Emily Fraser]

Hi! I'm a rookie, looking to get started with investing in SFR or small multi-family. I am currently looking at Ohio as my starting point, and I need to find a solid agent and property manager because I live out of the country. I'm looking for something that is move in ready and doesn't need a lot of work. I am open to most locations and have been focusing around the Dayton area because of the affordability. Looking for under 150,000. I am attempting the 90 day challenge and I'm hoping to have my first property by November 10! Any advice or recommendations are greatly appreciated. I just upgraded to Pro today, so I wanted to make my first post as an introduction and thank you in advance for all the helpful information on this site!

[Dave Poeppelmeier]

Hi Emily, welcome to BP! Ohio is a great place to look at properties. You can find properties under $150k very easily, but it depends on what you're looking for. Cash flow vs appreciation? Single Family vs Multifamily? Class of neighborhoods? Most of the major cities you can find Property Managers to handle any aspect of your investing goals: The 3 C's of Cleveland, Columbus, and Cincinnati, as well as the mid-size cities of Dayton, Toledo, and Akron. Your money will generally stretch farther in Dayton/Toledo/Akron, but Columbus is by far the fastest growing city in Ohio with great appreciation plays, and Cleveland/Cincinnati are also solid. I'm in Toledo, let me know if you have any questions about this market. Good luck!