New to rental properties. Looking in Dayton, Ohio

Dayton, Ohio
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New to rental properties. Looking in Dayton, Ohio

Mason De Vries
New to Real Estate · Tricities Washington · Member since 2021 · 12 posts · 11 votes

Hey all, Im new to real estate investing and I'm interesting in single family homes up to 4 plexes right now. I live in Washington State where prices are pretty high so I'm looking at out of state investing and Dayton, OH has caught my eye. I bought one single family home in Dayton, OH in March. I'm interested in knowing if anyone knows good neighborhoods to buy rentals in. The house I bought is in Fairview neighborhood. Any thoughts?  Anybody else doing the long distance thing that could give me some pointers? Thank you.

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Min ZhangBusiness Member
Real Estate Agent · Member since 2022 · 1k+ posts · 1k+ votes
2y

Hi Mason, I have a neighborhood grade guide my team has been working on in Ohio. We regularly update it. A lot of investors prefer to stay in the C neighborhoods because that is where you get the best cash flow. Let me know how I can help!

[email protected]614-412-2912
Reafco.512 Reviews
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  • Min ZhangBusiness Member
    Real Estate Agent · Member since 2022 · 1k+ posts · 1k+ votes
    2y

    Hi Mason, I have a neighborhood grade guide my team has been working on in Ohio. We regularly update it. A lot of investors prefer to stay in the C neighborhoods because that is where you get the best cash flow. Let me know how I can help!

    [email protected]614-412-2912
    Reafco.512 Reviews
    View Page
    3Reply
  • Mason De Vries
    OP
    New to Real Estate · Tricities Washington · Member since 2021 · 12 posts · 11 votes
    2y
    Quote from @Min Zhang:

    Hi Mason, I have a neighborhood grade guide my team has been working on in Ohio. We regularly update it. A lot of investors prefer to stay in the C neighborhoods because that is where you get the best cash flow. Let me know how I can help!

    Do you have a neighborhood grade guide for Dayton? If so, how do I see it? Would be great to see where my current property is located in it as well for future purchases. Thanks Min.
    1Reply
  • Samuel DioufBusiness Member
    Real Estate Agent · Columbus & Cleveland, OH · Member since 2023 · 1k+ posts · 1k+ votes
    2y

    Fairview is a solid location to invest in. The price to rent ratio is great and the neighborhood is next to the Miami Valley Golf Club.

    Are you looking to purchase another SFH or move into MFHs?

    [email protected]614-662-1652
    Reafco - Samuel Diouf528 Reviews
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  • Remington LymanBusiness Member
    Real Estate Agent · Columbus, OH · Member since 2017 · 6k+ posts · 7k+ votes
    2y
    Quote from @Mason De Vries:

    Hey all, Im new to real estate investing and I'm interesting in single family homes up to 4 plexes right now. I live in Washington State where prices are pretty high so I'm looking at out of state investing and Dayton, OH has caught my eye. I bought one single family home in Dayton, OH in March. I'm interested in knowing if anyone knows good neighborhoods to buy rentals in. The house I bought is in Fairview neighborhood. Any thoughts?  Anybody else doing the long distance thing that could give me some pointers? Thank you.


     Welcome to Ohio! That area is solid for rentals. Cheaper. I like south of the city. Some really great neighborhoods there

    [email protected]614-541-8475Podcast Guest on Show My Job Laid Me Off, So I Replaced My Salary with Rentals
    Reafco512 Reviews
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  • Mason De Vries
    OP
    New to Real Estate · Tricities Washington · Member since 2021 · 12 posts · 11 votes
    2y
    Quote from @Samuel Diouf:

    Fairview is a solid location to invest in. The price to rent ratio is great and the neighborhood is next to the Miami Valley Golf Club.

    Are you looking to purchase another SFH or move into MFHs?


     Hey, that's good to hear thanks for the info. I'm looking at either sfh or mfh. Just trying to save up some cash before the next purchase and build up the emergency fund for this current property first before the next purchase. Whatever cashflows best is what I'm looking for. I would like to get into mfh here in the future. The house I bought at 2421 Elsmere ave Dayton, OH only cashflowed after I put 25% down on the house so I had to put a big down payment down. I need to be better at running the numbers on the my next house to better cash flow without putting my so much down. 

    1Reply
  • Travis Biziorek
    Investor · Arroyo Grande, CA · Member since 2014 · 1k+ posts · 1k+ votes
    2y

    deleted (wrong thread.

    0Reply
  • Jason WalshPro Member
    Investor · Member since 2021 · 21 posts · 7 votes
    2y

    I live in Dayton and have for close to 50 years. Let me know if I can help. I feel like I know the city pretty well. 

    1Reply
  • Jimmy LieuBusiness Member
    Real Estate Agent · Columbus, OH · Member since 2019 · 3k+ posts · 2k+ votes
    2y
    Quote from @Mason De Vries:

    Hey all, Im new to real estate investing and I'm interesting in single family homes up to 4 plexes right now. I live in Washington State where prices are pretty high so I'm looking at out of state investing and Dayton, OH has caught my eye. I bought one single family home in Dayton, OH in March. I'm interested in knowing if anyone knows good neighborhoods to buy rentals in. The house I bought is in Fairview neighborhood. Any thoughts?  Anybody else doing the long distance thing that could give me some pointers? Thank you.


    Hi Mason, welcome to the BiggerPockets community! I've heard that Dayton OH and Cleveland OH have great deals. When you're ready to explore other markets, I personally recommend Columbus OH if you're looking for cashflow. My out of state clients still find deals here that are cash flowing, hitting the 1% rule, and has tons of appreciation because of the great macroeconomics here.  Happy to connect and answer any questions you may have.

    [email protected]614-300-7535
    Jimmy Lieu, Red 1 Realty4.9124 Reviews
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  • Joseph Bui
    Lender · Nationwide · Member since 2023 · 362 posts · 237 votes
    2y

    Hi Mason, I'm also based out of Washington State so I feel your pain when it comes to prices in the area. I've also invested out of state with 9 doors across Memphis and Detroit. Would be happy to connect and knowledge share if you are interested in these markets.

    2Reply
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