Starting out and looking for building a team in Ohio area

[Guchan Ozbilgin]

Hi BP friends,

We have been fixated on Pittsburgh, PA for quite some time now, but we've come to the realization that our pursuit of cash flow deals in this area has hit a roadblock. Therefore, we have decided to pivot our attention towards the captivating realms of Ohio, with a particular emphasis on the Cleveland and Cincinnati. In order to make this transition we would like to form a team and connections with great broker, a reliable lender, and a proficient property management with contractors connections. Happy to discuss our strategy and what we are looking for in details.

Feel free to contact me.

-Guchan

[Evan Polaski]

@Guchan Ozbilgin, I am curious what roadblocks you are hitting in Pittsburgh that you think will be resolved in Cincinnati or Cleveland?  

While I don't know Cleveland, in Cincinnati, like most any market, and without knowing your return objectives, cash flow tends to come with risk in Cincinnati, and often times that risk comes in the form of more frequent tenant turn over with higher turnover costs, lower appreciation areas, and typically you are buying in older areas with a lot of deferred maintenance that could quickly turn you from cash flowing to spending very quickly.

At a Marco level, Cincinnati and Pittsburgh are very similar cities.  Similar size populations, neither are experiencing any major population growth.  Pittsburgh seems to skew slightly younger, but Cincinnati seems to have a slightly better job market.

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