Cincinnati Real Estate Market

[Pete Tam]

Hello,

I'm new to BP and also new in Real Estate investment. I live in San Francisco, CA but would like to know more about properties market of Cincinnati.

Does anyone know any good site to find properties!

Thanks,

[Ben Leybovich]

Pete Tam - a couple of thoughts for you:

1. My good friend Brandon Turner is an expert - I am just a dumb landlord :)
2. Do not rely on opinions of experts - you will loose. Do not ask Realtors either - they are not investors by and large. Go there and drive the streets; call the for rent numbers; talk to commercial lenders - ask them information relative to CAPs and vacancy factors - are you getting my drift. It's on you man
3. Nothing wring with Cinci. I've got friends and students making money in RE in Cinci. There is a range of neighborhoods and properties, just like anywhere. Caps range from a terrible 5% to 10% on a 4-plex with 2k gross. 4-plex in Cinci. in a transitional area is going to set you back $120,000 plus or minus - you can cash flow it all day long. In Hyde Park it's cost 300k and you can't touch it in terms of trying to cash flow.

Bottom line - you can flip and you can land lord in Cinci - but you need to know how an where. You need to study that market yourself before making any judgments. Hope this helps Pete