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User Stats

10
Posts
13
Votes
Frankie Perez
13
Votes |
10
Posts

Im a Florida investor interested in the Ohio market.

Frankie Perez
Posted

I’m looking for a new market to buy and hold properties were the rent meets the 1% rule or close to. Any broker or realtor in Cincinnati that can shed some light in this subject? Much appreciated.

User Stats

859
Posts
417
Votes
Brittany Minocchi
Pro Member
  • Lender
  • Massillon, OH
417
Votes |
859
Posts
Brittany Minocchi
Pro Member
  • Lender
  • Massillon, OH
Replied

I can’t speak specifically for Cincinnati, but there are definitely areas in OH where this is attainable. I invest in Canton and am at 2.5%+ on all properties. 

  • Brittany Minocchi
  • [email protected]
  • 330-354-6590
  • User Stats

    771
    Posts
    887
    Votes
    Alfath Ahmed
    Agent
    Pro Member
    • Real Estate Agent
    • Columbus, OH
    887
    Votes |
    771
    Posts
    Alfath Ahmed
    Agent
    Pro Member
    • Real Estate Agent
    • Columbus, OH
    Replied

    Every market in Ohio is different. I have a map that a couple of guys and I within my brokerage put together that shows the different areas in Columbus, Cincinnati, Dayton, Cleveland, and Toledo. It shows areas by rent growth and appreciation.

    Cincinnati is a cash-flow market over appreciation. Columbus is more known for its appreciation. Let me know if you have any questions about the different markets here.

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    User Stats

    3,168
    Posts
    1,564
    Votes
    Robert Ellis
    Agent
    • Developer
    • Columbus, OH
    1,564
    Votes |
    3,168
    Posts
    Robert Ellis
    Agent
    • Developer
    • Columbus, OH
    Replied

    @Alfath Ahmed please send me that map I'd like to review it. how recent was it? 

    User Stats

    1,396
    Posts
    1,903
    Votes
    Patrick Drury
    Agent
    • Real Estate Agent
    • Columbus, OH & Cleveland OH
    1,903
    Votes |
    1,396
    Posts
    Patrick Drury
    Agent
    • Real Estate Agent
    • Columbus, OH & Cleveland OH
    Replied

    @Frankie Perez
    I would recommend looking at Columbus OH. You can get good cash flow and solid appreciation at the same time. Columbus has a lot of job opportunities and population growth. Especially with Intel coming to Columbus as well as Hyperion, which is a company that makes hydrogen fuel cells. That's just to name a few companies coming to Columbus there are a lot more. On top of that Columbus is home to the HQ of Chipotle, Wendys, White Castle, L-Brands, and Hunnington. Columbus is also home to OSU, which constantly develops real estate, employs lots of jobs, and attracts students from the US and internationally to attend. On top of all of that, it boasts one of the best college football teams Ohio State Buckeyes, which is very well known and has a cult following, and attracts a lot of people to the games.

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    User Stats

    4
    Posts
    1
    Votes
    Jeffrey Taylor
    • Real Estate Agent
    • Northern Kentucky
    1
    Votes |
    4
    Posts
    Jeffrey Taylor
    • Real Estate Agent
    • Northern Kentucky
    Replied

    I service all of NKY, which is directly across the river from cincinnati ! I would love to connect !

    User Stats

    1,479
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    1,259
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    Jimmy Lieu
    Agent
    • Real Estate Agent
    • Columbus, OH
    1,259
    Votes |
    1,479
    Posts
    Jimmy Lieu
    Agent
    • Real Estate Agent
    • Columbus, OH
    Replied
    Quote from @Frankie Perez:

    I’m looking for a new market to buy and hold properties were the rent meets the 1% rule or close to. Any broker or realtor in Cincinnati that can shed some light in this subject? Much appreciated.

    Hi Frankie, I personally recommend that you look into Columbus Ohio and as someone who works with a lot of out of state investors - there's so many catalysts for why you should invest here. Specifically, there's job growth (Intel, Honda, Amazon, Nationwide, etc) and the population is growing (unlike Cleveland or Cincy). I really see Columbus Ohio as an extremely safe bet for the next 10-20 years. Plus, there's still so many positive cash flowing and 1% deals here in Columbus Ohio. As a local investor and agent here in Columbus, let me know if you have any questions or want to connect!

    User Stats

    30
    Posts
    23
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    Ben Miller
    Pro Member
    23
    Votes |
    30
    Posts
    Ben Miller
    Pro Member
    Replied

    If cashflow is the goal, and Ohio is the target, I suggest Dayton or Cleveland/Akron over Cincinnati if you are trying to focus on a single city. 1% properties exist in Cincinnati, but not as much compared to the others I recommend.  

  • Ben Miller
  • User Stats

    1,632
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    1,666
    Votes
    Marc Rice
    Agent
    • Real Estate Agent
    • Columbus, OH
    1,666
    Votes |
    1,632
    Posts
    Marc Rice
    Agent
    • Real Estate Agent
    • Columbus, OH
    Replied
    Quote from @Frankie Perez:

    I’m looking for a new market to buy and hold properties were the rent meets the 1% rule or close to. Any broker or realtor in Cincinnati that can shed some light in this subject? Much appreciated.


     Cincinnati, Dayton, and Cleveland should have the most cash flow but you can find some great cash flow and appreciation hybrid properties in Columbus. Be careful on the C/D class "cash flow hamster wheel" where you turn over the units every 6 months due to evictions, and have them sit vacant for a while waiting for good tenants, and have to keep fixing them up to attract decent tenants.

    User Stats

    27,536
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    James Wise#1 Classifieds Contributor
    • Real Estate Broker
    • Cleveland Dayton Cincinnati Toledo Columbus & Akron, OH
    18,676
    Votes |
    27,536
    Posts
    James Wise#1 Classifieds Contributor
    • Real Estate Broker
    • Cleveland Dayton Cincinnati Toledo Columbus & Akron, OH
    Replied
    Quote from @Frankie Perez:

    I’m looking for a new market to buy and hold properties were the rent meets the 1% rule or close to. Any broker or realtor in Cincinnati that can shed some light in this subject? Much appreciated.


     I see a lot of discussion about Cleveland. If you're looking into Cleveland you'll want to give

    The Ultimate Guide to Grading Cleveland Neighborhoods a read.