Cincinnati Market: What should I know before buying?

[Jake Flosi]

I am interested in going outside of my local DFW market to Cincinnati; where my in-laws live. The real estate market there is definitely appealing that the homes are more affordable with lower property taxes, but what are somethings I should be aware of?

[Zachary Elliott]

Jake, 

Greater Cincinnati is a great market. One thing that comes to mind within the City of Cincinnati (from a landlording perspective) is that the city has instituted some new rules on offering alternatives to a security deposit. At this point, I do believe this only applies with people that own at least 25 units or more, but is still something to be aware of.

I personally have investments in Northern Kentucky, which is a suburb of Cincinnati. I've found Kentucky to be very landlord friendly with decent appreciation and I've had no issues finding renters for my units. The Cincinnati area has a large renter base. Northern Kentucky is also seeing a lot of growth due to some larger improvements in the area. Specifically, Amazon is building a warehouse at the airport (which is located in Northern Kentucky), which will be one of the largest free standing buildings in the world when it is completed. I think greater Cincinnati is primed for a lot of growth in the coming years.

If you want to talk about RE, feel free to DM me and we can find a time to speak. Good luck with your investing!