Starting out by buying in Cincinnati - looking for local investor

Starting Out
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Starting out by buying in Cincinnati - looking for local investor

Ankur Bagchi
Rental Property Investor 路 San Francisco, CA 路 Member since 2020 路 3 posts 路 4 votes

Hey guys, I'm planning to buy my first property in Cincinnati, Ohio. It has great RTV and I'm looking for a starter cash flow property around $100k. I've shortlisted some options and talking to realtors, but would love to connect with local investors in the area. I'm also looking for some good property management, since I've read that can be the downfall of any rental.

Thanks for reading!

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Remington LymanBusiness Member
Real Estate Agent 路 Columbus, OH 路 Member since 2017 路 6k+ posts 路 7k+ votes
5y
Originally posted by @John Mucilli:

For all you Columbus guys.. I'm in New York looking into virtual/remote markets. I stumbled across Dayton, OH. What is the consensus on this market?

 Dayton has amazing cash flow! It is also way rougher (in general) than Columbus, Ohio. You get better cash flow but have lower expected appreciation.

[email protected]614-541-8475Podcast Guest on Show My Job Laid Me Off, So I Replaced My Salary with Rentals
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  • Jonathan StyerBusiness Member
    Real Estate Broker 路 Columbus, OH 路 Member since 2018 路 330 posts 路 396 votes
    5y

    Sending positive vibes from Columbus! If your investments ever venture north I would be happy to connect. 

    Styer Real Estate Professionals4.941 Reviews
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    1Reply
  • Remington LymanBusiness Member
    Real Estate Agent 路 Columbus, OH 路 Member since 2017 路 6k+ posts 路 7k+ votes
    5y
    Originally posted by @Ankur Bagchi:

    Hey guys, I'm planning to buy my first property in Cincinnati, Ohio. It has great RTV and I'm looking for a starter cash flow property around $100k. I've shortlisted some options and talking to realtors, but would love to connect with local investors in the area. I'm also looking for some good property management, since I've read that can be the downfall of any rental.

    Thanks for reading!

     My fiancee's family is in Cincinnati. We live and invest in Columbus. I am up to 27 units here. I would be happy to connect though!

    [email protected]614-541-8475Podcast Guest on Show My Job Laid Me Off, So I Replaced My Salary with Rentals
    Reafco512 Reviews
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    0Reply
  • Account Closed
    Rental Property Investor 路 Brooke Park Drive 路 Member since 2018 路 1k+ posts 路 2k+ votes
    5y

    I haven鈥檛 heard of Cincinnati, are you sure it鈥檚 in Ohio?

    I second Columbus Ohio, great cashflow and appreciation potential.

    1Reply
  • Trent Ecklar
    Real Estate Agent 路 Columbus, OH 路 Member since 2017 路 203 posts 路 170 votes
    5y

    @Michael P. I think it鈥檚 in Kentucky, I would go with Columbus as well馃ぃ

    1Reply
  • Brian Reynolds
    Cincinnati, OH 路 Member since 2018 路 47 posts 路 20 votes
    5y

    @Ankur Bagchi congratulations on getting started in Cincinnati! I鈥檝e invested in a couple properties there and have had both really great and really terrible experiences that I鈥檇 love to share with you if you鈥檙e interested. I鈥檝e got a list of some subs if you need any, I鈥檝e also got a few I鈥檒l steer you away from. Cincinnati is a growing market but it鈥檚 important to buy in the right area. Let me know if you want to chat.

    Best of luck!

    1Reply
  • Rob Bergeron
    Real Estate Agent 路 Louisville, KY 路 Member since 2017 路 1k+ posts 路 1k+ votes
    5y

    Tim Settles is a good investor/realtor in the area. 

    1Reply
  • Zachary Elliott
    Real Estate Agent 路 Burlington, KY 路 Member since 2018 路 207 posts 路 232 votes
    5y

    @Ankur Bagchi I'm a local investor here in Cincinnati. Feel free to reach out if you'd like to discuss anything. Good luck on your journey!

    1Reply
  • Robert EllisBusiness Member
    Developer 路 Miami, FL 路 Member since 2014 路 3k+ posts 路 1k+ votes
    5y
    Originally posted by @Ankur Bagchi:

    Hey guys, I'm planning to buy my first property in Cincinnati, Ohio. It has great RTV and I'm looking for a starter cash flow property around $100k. I've shortlisted some options and talking to realtors, but would love to connect with local investors in the area. I'm also looking for some good property management, since I've read that can be the downfall of any rental.

    Thanks for reading!

    Increase your investment capital a little and give Columbus a look the returns are much better. 

    [email protected]786-494-6766
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    1Reply
  • Steven Foster Wilson
    Rental Property Investor 路 Columbus, OH 路 Member since 2017 路 3k+ posts 路 3k+ votes
    5y
    Originally posted by @Ankur Bagchi:

    Hey guys, I'm planning to buy my first property in Cincinnati, Ohio. It has great RTV and I'm looking for a starter cash flow property around $100k. I've shortlisted some options and talking to realtors, but would love to connect with local investors in the area. I'm also looking for some good property management, since I've read that can be the downfall of any rental.

    Thanks for reading!

    Most of my clients are right around that $100k point here in Columbus. Its a good starting point and can get you into the door! 

    0Reply
  • Brad Lauck
    cincinnati 路 Member since 2020 路 6 posts 路 1 vote
    5y

    @Ankur Bagchi I am an investor in the Cincinnati market and would be happy to discuss.  Reach out if you would like to connect.

    0Reply
  • Zeke Liston
    Real Estate Agent 路 Columbus, OH 路 Member since 2018 路 1k+ posts 路 1k+ votes
    5y

    That's great @Ankur Bagchi, I know of a rockstar agent in Cincinnati, I'd love to give you his contact info.

    0Reply
  • Natasha Young
    Real Estate Agent 路 Cincinnati OH, USA 路 Member since 2019 路 31 posts 路 11 votes
    5y

    @Ankur Bagchi I can refer you to a good property management company here in Cincinnati if you like, just message me if you would like his information. Also if you have any questions feel free to reach out.

    0Reply
  • Andy Crawford
    Rental Property Investor 路 Cincinnati, OH 路 Member since 2020 路 62 posts 路 64 votes
    5y

    @Natasha Young I鈥檇 like to get your recommendation on a PM in the Cincinnati area. Thanks in advance!

    2Reply
  • Jake Wolfer
    Flipper/Rehabber 路 Cincinnati, OH 路 Member since 2019 路 3 posts 路 3 votes
    5y

    @Brian Reynolds would love to get a great list of subs! More great subs the merrier! I recently transitioned from new commercial construction to buying, selling and renovating/flipping buy and hold properties. Thanks in advance!

    0Reply
  • Brian Reynolds
    Cincinnati, OH 路 Member since 2018 路 47 posts 路 20 votes
    5y

    @Jake Wolfer/All

    Here are a few subs I recommend:

    Electrician: Cullen Electric, 513-227-4112

    Carpet Installer: Mark Davis Flooring, 513-520-8723

    HVAC: Applegate Heating and Cooling, 513-739-1779

    Handyman: Gene, (513) 368-0973

    I haven鈥檛 found a plumber I really like yet.

    Hope this helps. If you have others you recommend please let me know.

    Brian

    2Reply
  • John Mucilli
    Investor 路 Yonkers, NY 路 Member since 2019 路 101 posts 路 44 votes
    5y

    For all you Columbus guys.. I'm in New York looking into virtual/remote markets. I stumbled across Dayton, OH. What is the consensus on this market?

    1Reply
  • Zeke Liston
    Real Estate Agent 路 Columbus, OH 路 Member since 2018 路 1k+ posts 路 1k+ votes
    5y
    Originally posted by @John Mucilli:

    For all you Columbus guys.. I'm in New York looking into virtual/remote markets. I stumbled across Dayton, OH. What is the consensus on this market?

    What's up, John?! I think you will have a very easy time finding a property in Dayton that will cashflow very well. The only thing I would consider is the population trends in Dayton. If you're mostly just after cash flow, I think Dayton would be a good pick. If you want both cash flow and appreciation, I would consider Columbus. 

    1Reply
  • Remington LymanBusiness Member
    Real Estate Agent 路 Columbus, OH 路 Member since 2017 路 6k+ posts 路 7k+ votes
    5y
    Originally posted by @John Mucilli:

    For all you Columbus guys.. I'm in New York looking into virtual/remote markets. I stumbled across Dayton, OH. What is the consensus on this market?

     Dayton has amazing cash flow! It is also way rougher (in general) than Columbus, Ohio. You get better cash flow but have lower expected appreciation.

    [email protected]614-541-8475Podcast Guest on Show My Job Laid Me Off, So I Replaced My Salary with Rentals
    Reafco512 Reviews
    WebsiteView Page
    2Reply
  • John Mucilli
    Investor 路 Yonkers, NY 路 Member since 2019 路 101 posts 路 44 votes
    5y

    @Remington Lyman Thanks for the info! So in that regard it would likely be a good market to virtually wholesale, or flip in?

    1Reply
  • John Mucilli
    Investor 路 Yonkers, NY 路 Member since 2019 路 101 posts 路 44 votes
    5y

    @Zeke Liston Thank you for the stats! 
    My goal would be virtually wholesaling and possibly remote fix and flipping. I wouldn鈥檛 be looking to buy and hold. 
    What are your thoughts on this?

    1Reply
  • John Mucilli
    Investor 路 Yonkers, NY 路 Member since 2019 路 101 posts 路 44 votes
    5y

    Based on what you guys both said about cash flow, maybe it would be in my best interest to look for multi family units, or are SFR rentals also big there?

    0Reply
  • Zeke Liston
    Real Estate Agent 路 Columbus, OH 路 Member since 2018 路 1k+ posts 路 1k+ votes
    5y
    Originally posted by @John Mucilli:

    @Zeke Liston Thank you for the stats! 
    My goal would be virtually wholesaling and possibly remote fix and flipping. I wouldn鈥檛 be looking to buy and hold. 
    What are your thoughts on this?

    Why not BRRRR? You get to keep the property at the end of the day.

    0Reply
  • John Mucilli
    Investor 路 Yonkers, NY 路 Member since 2019 路 101 posts 路 44 votes
    5y

    @Zeke Liston with the moratorium in place I am not currently interested in obtaining any new rentals, especially those that are far from me. 

    1Reply
  • Michael CravenPro Member
    Investor 路 Springfield, OH 路 Member since 2017 路 202 posts 路 150 votes
    5y

    Congrats on getting started! Although I invest in the Dayton/Springfield area, I live in Cincinnati and would be happy to help in anyway I can.

    -Michael

    937-207-5010
    0Reply
  • Bill P.
    Investor | Syndicator | Instructor 路 Cincinnati, OH 路 Member since 2008 路 435 posts 路 198 votes
    5y

    @Ankur Bagchi I've been in Cincinnati my whole life and have done most of our projects here. Feel free to contact me.

    0Reply
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