Looking to invest in Dayton Ohio, does any of you have good insight about this city?

[Yu Jin Song]

Hi, I am looking to invest in Ohio, mainly in Columbus, and Cleveland, but recently Dayton, OH got my attention in terms of affordability.  I see many big homes available for sale with small price tags.  Specially the ones that needs updates or renovation.  I have never been to Dayton OH, and was wondering if it is good idea to invest in Dayton, OH?  If yes, which side or neighborhood would you recommend?   Thanks in advance for your reply.

[Engelo Rumora]

Quote from @Yu Jin Song:

Hi, I am looking to invest in Ohio, mainly in Columbus, and Cleveland, but recently Dayton, OH got my attention in terms of affordability.  I see many big homes available for sale with small price tags.  Specially the ones that needs updates or renovation.  I have never been to Dayton OH, and was wondering if it is good idea to invest in Dayton, OH?  If yes, which side or neighborhood would you recommend?   Thanks in advance for your reply.

Hi Yu Jin,

Dayton is a step up from Toledo but also comes with a step up in price.

The numbers make sense in many Ohio cities.

You make money when you buy and not when you sell.

So look for off market (We do a lot of direct to seller), negotiate hard, buy with cash and buy quickly.

Great deals don't last so you need to know the numbers very well in your target market.

I've flipped hundreds of properties in Toledo since 2014 and am glad to say that I know the market like my back pocket.

All I need is the address, scope of work and how much I can buy it for.

Quick access to AREIS, the MLS to run comps and "ka ching".

I know if it's a deal or not.

Immerse yourself in the market and become a market expert on the numbers.

Nothing comes easy mate and all good things take time.

If you are looking to build a rental portfolio in Ohio you have to build a big one.

Buying 1 or 2 properties and expecting a significant impact to your bottom line from a net-worth or cashflow standpoint isn't worth the risk IMO.

In all sub $100,000 markets, it's important to build a large portfolio as there is a high likelihood that you will have repairs and vacancy on 1 or 2 properties at any given moment.

Just my opinion and all the best.