I'm Buying Up A Storm

[Engelo Rumora]

G'Day everyone,

I'm letting loose with acquisitions in the Dayton and Cincinnati markets.

Here are my areas of interest:

45204 - Cincinnati - Price Hill (Currently rough but I'm willing to be the black sheep and jump in before the others. It's just too close to Downtown in my eyes so it has to turn eventually. Maybe this is the next Over-the-Rhine?)

45205 - Cincinnati - West of Price Hill (Don't know much about this region but it's neighboring to Price Hill so if Price Hill turns, so might this)

45403 - Dayton (St Anne Hill) - The first few rows (Closer to Downtown) seem to have been bought up so looking at going further West toward Burkhardt. It does get pretty rough quickly the further West you go tho.

45405 - Dayton (North East of Grandview Medical) - Very rough but so bloody close to Dayton. Bought a few here and am seeing "live" renovations happening on a daily basis by other investors. I really see potential here especially if I just buy up the entire area. Monopoly much? hehe

45410 - Dayton (South Park) - Yes and yes all day long. Great stuff happening here. Love Coco's and it's amazing how much just that area has turned over the years.

45409 - Dayton (University) - Don't know much about this pocket but with any property close to a University is usually steady cashflow. I'm basing my philosophy here due to the Toledo market and how hot East of the UT is.

I'd love feedback from all of you Dayton and Cincinnati investors. Even folks looking to invest those markets.

What are you buying?

Where?

Why?

Lets get a conversation going.

Any wholesalers, feel free to bring deals. I have the cheese (cash) and close quicker than you have ever experienced.

Thanks and I'm looking forward to hearing from you

[Tyler Weaver]

I think to project Price Hill as the next OTR we would need to discuss why OTR rose the way it did.  In the early 2000's the image of Cincinnati as a desirable place to live was laughable.  Cincinnati was in a few top 10 worst places articles.. This poses a problem for soap manufacturers trying to recruit top talent from outside the region.  Just a few blocks away from said manufacturer's corporate headquarters would have been a better place to buy drugs get shot than hang out. When recruiting and they show the candidate how much more house they can afford in Cinci than say NYC it would be more of a "so what" reaction. To fix this they backed developers, accelerators, and businesses.  The retail that was built on Vine was heavily supported by these accelerators etc. 

Price Hill is close to downtown, but also far away from any sort of infrastructure. It is close to downtown but very loosely connected to downtown. While OTR is pretty much fused to the downtown area, and sandwiched between both major highways.  The architecture and planning of the neighborhood is much more significant.  The existing buildings are fairly good palettes to develop into condos, retail, and mixed use developments that are currently popular. 

Cranley is from Price Hill.. That is about the extent of government interest in it. 

Much like @DL Martin's Opinion. I think it is still a great area for a high cashflow investment strategy, but banking on the whole region growing massively in a predictable period is a long shot.