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Updated over 5 years ago on . Most recent reply
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Looking to buy my first SFH out of state in Cincinnati, OH
Team,
I am looking to buy SFH for cashflow in Cincinnati area through a turnkey provider.
I have the below options. I have never been to these location. Can you suggest which of these areas are good. And what should I be considering
1. Lockland, Ohio: Brandnew home for around 210k.
2. McCall Rd, Germantown, OH 45327: Rehab home for 133K
3. Harris Ave, Cincinnati, OH 45212: Rehab home for 130k
4. Woodsdale Ave, Cincinnati, OH 45216: Rehab home for 125k
5. Carthage Ave, Cincinnati, OH 45212: Rehab home for 110k
6. Hermosa Ave, Cincinnati, OH 45238: Rehab home for 110k
7. Rockdale Ave, Cincinnati, OH 45229: rehab for 100k
Sorry, it's a lot of options. Any feedback, much appreciated!!!!
Most Popular Reply
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@Ryan Ingram. Thanks for the mention.
Majority of those are in rougher areas (at least in the Cincinnati). However some are starting to see change (Avondale). Now the change could provide a lot of upside, but it maybe years before it sees the major change. It would depend what your looking for (Cash flow vs appreciation)
Outside of the Norwood areas, I wouldn't purchase in those areas, if you are investing for quicker appreciation. Most of those areas will keep consistent on the appreciation, but should see some good cashflow. The more risk you take, the more reward you can see. However there is always the downside too.
The other obstacle for Cincinnati is property managers. I personally have not seen to many great property managers. I have seen a lot of out of state investors leave because of the low quality. I network a lot of with real estate investors (in state and out). I have a couple that I think do a pretty good job, but their prices are higher. Even though their prices are higher, I believe their quality is much better.