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Updated almost 5 years ago on . Most recent reply

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Leo Myatt
  • New to Real Estate
  • Cincinnati OH/ Las Vegas NV
1
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5
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Tips on Getting started investing in the cincinnati ohio area

Leo Myatt
  • New to Real Estate
  • Cincinnati OH/ Las Vegas NV
Posted

I'm looking to start investing in the Cincinnati area Market and I'm just really looking for some Clues and tips on where I should begin??

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Evan Polaski
  • Cincinnati, OH
3,451
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Evan Polaski
  • Cincinnati, OH
Replied

@Leo Myatt
1. Set your budget based on cash on hand or ability to raise and what you may qualify for with a mortgage.  
2. Define your neighborhoods.  I was self managing when I bought, so I knew they needed to be areas that were close to my house.  So I shopped within about a 10 minute drive from me. 
3. Define what you want to do. Are you a flipper or buy and hold? BRRRR, turnkey, etc. And start looking at comps. Fix and flip: what are renovated properties selling for, slightly out dated, etc. Get your ARV. For rentals, what are other units renting for. Zillow, apartments.com, craigslist can give you a good sense of this.
4. Assuming you are starting with 1-4 unit places, setup MLS alerts, zillow alerts. Starone lets you do this, or a realty can do it too.

Additionally, as @Paul Sian mentioned, once the stay-at-home orders are lifted, attend meetups or REIA meetings. Network with as many people as you can. Ask questions, pass out cards, let people know you exist in general and what you are attempting to do. There is a lot of knowledge out there, and here for that matter, that you can tap into.

  • Evan Polaski
  • [email protected]
  • 513-638-9799
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