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Updated 8 months ago,
Cincinnati Multi-Family strategy
Hi everyone!
Let me describe my situation: I moved to the U.S. from another country and feel ready to purchase my first investment property. My lender is about to prequalify me for $250-350k, and I target the Cincinnati market as I am located in LA, California, so an out-of-state investment. I have a suitable lender that can qualify me in any city or state. It seems that rent/value is favorable and easily meets the 1% rule. My questions:
1. 2-4 units multi-family property strategy is better than buying 3 SFH in that market? What works the best?
2. Is a BRRR multi-family better than buying a decent condition one and holding it for 2 years + for refinancing?
3. Are there any B and C class safe neighborhoods to recommend?
4. Any interesting facts about Cincinnati? What are the pros and Cons of this market?
If you have anybody to recommend: Partners, Agents, Contractors, or PMs, I would be happy to connect! Thanks.