Newbie from Cincinnati

[Tim G.]

Hello all! Been lurking on here for a few weeks and decided to join and post up. I'm from the Cincinnati area and close on my first rehab house on 2/28. As the date gets closer and closer, my stress/nervousness level is skyrocketing!! I have a friend who is investing to help with the purchase of the house and I am doing the rehab. We will then sell and use the profits to start building our rental property empire!

I'm going to make another thread that goes through the trials and tribulations of a first time rehabber!

Thanks for having me and I look forward to all the great advice I'll find here.

Tim

[Brian L.]

Welcome @Tim G.

[Brandon Turner]

Hey @Tim G. Welcome! You've definitely come to the right place to learn more about investing. If you haven't yet, be sure to check out the The Ultimate Beginner's Guide to Real Estate Investing and The BiggerPockets Podcast. They are both great at learning the fundamentals.

Also - be sure to check out the post "House Flipping: The Best of BiggerPockets." It's a collection of the best flipping info from the site.

Oh - and don't forget to set up your Keyword Alerts!

See you around the site!

[Ali Boone]

Stress and nerves are what makes it fun! :) It's great to challenge yourself.

Best of luck.

[Joe Fairless]

@Tim G. - welcome to BP and glad you introduced yourself! I invest in Cincinnati and it's a great market to be in. Looking forward to reading your post on your 1st deal.

[Tim G.]

Thanks @Joe Fairless

Where are your rental properties at in Cincinnati? I'm thinking about buying in Clifton, which is student rentals for Univ. of Cincinnati. I know there's a lot of hassle with those types of properties, but there's a lot of $$ to be made too!

[Joe Fairless]

@Tim G. - I like southeast Cincinnati near Anderson/Amelia areas. Good luck with student area - that's something I stay aware from but, yep, people can make money from it.

[Dmitriy Fomichenko]

@Tim G. welcome to the BP community!

[Ben Skove]

@Tim G. Welcome to BP, Tim. I live in Clifton, and while I don't do student rentals, I know folks who do. Be sure to really familiarize yourself with the area, as it changes greatly block by block.

I'm also curious as to whether the student housing market here is tightening, as a number of brand new student apartments have gone up, equipped with lots of amenities.

[Tim G.]

great info @Ben Skove

[Mehran K.]

Welcome to the site @Tim G.! Grats on honing in on your first deal. Can't wait to read about it in your new thread. Sweet :)

[Dustan Marshall]

always nice to hear from fellow buckeyes. I just did my first rental at the end of 2013. So I have fresh memories of the emotional rollercoaster you are going through. Good luck.

P.S. I would love to have a Ohio specific thread where we can talk about recent laws, market shifts or happenings that would affect us... just an idea

[Tim G.]

hey @Dustan Marshall I see you're from Hamilton....I'm over in West Chester. I have a good friend who lives in Hamilton and owns 1 of those buy here, pay here car lots on RT4.

Did you mean to say rehab?? Where was it at? I've been looking at 4 -6 family apt complexes to buy after this rehab and see Hamilton has a lot. But I know there are a lot of low income sketchy areas there.....

[Ramon Jenkins]

Midwest to Cincy welcome to biggerpockets

[J. Martin]

Hi Tim G., and welcome to BP! I’m a ‘fix and hold’ investor from the Bay Area in CA, and loving it! But you’ll find a variety of every type of investor on the site, and everyone is amazingly helpful. Some pointers for you: The "Learn" link across the top navigation bar has lots of great info, and so do BP members! You can click on the ‘vote’ button if you like someone's post or is helpful, and there are ‘awards’ to earn on your profile. And you can tag people by typing @ before you type their name, then clicking their name at the bottom of the message box. Welcome to the site, and good luck in everything!

[Dustan Marshall]

@ Tim G. The property I did was is a sfh in lindenwald. You can read about it on my page I write few threads about it. I did not have to much rehab and it was a buy and hold (rental). I have lived in Hamilton all my life and it is certainly pocketed. So you will need go have good knowledge of which way a certain area is going if you are planning to invest here.

I really like trying to stay in entry level areas that are "C" or better. I usually try to do houses between 30-40k with less than 10k rehab.