Cincinnati Suburbs: Multi-family investing?

[Nicholas Patrick]

Hi,

Looking for advice from more experienced investors to the area and in general. Also, wouldn't mind making a few connections.

I am relatively new to the Cincinnati market and am still looking for my first property. The idea is to househack.

I have kept my eye on the market and not much has come up. So my question is, is small multi-family properties just not that common in the Cincinnati SUBURBS specifically? Am I waiting around for something that doesn't really exist?

I am looking into the east side suburbs like Kenwood area, Milford area, Loveland area, Eastgate area, Batavia area, and so on. Problem is, I've hardly seen a multi family come on the market in any of those areas in the time I have been looking since August let alone one that is a deal.

Any expertise is most welcomed. Any tips?

[Joseph Cornwell]

@Nicholas Patrick Your timing in this market is difficult in the sense there is limited inventory for multifamily and a ton of competition in that space, it has steadily become more competitive the past 5 years. Wyoming is a very expensive market since it has the top public schools in the state of Ohio. Most rentals wont cash flow there, as for the others you mentioned those are great markets to look at, I would buy there as well. You are correct though, using FHA financing on direct mail is nearly impossible, so you may have to kind of take what the market gives you, its better to start to learn than wait for an incredible deal. Or use hard money to buy it and fix it up, then move in and refinance it after 6 months.