Cincinnati VS. Northern Kentucky for Rental Units???

[Trevor Denningham]

Hello BP! I'm looking at building a rental portfolio of 10-50 SFR units in the next few years, with an emphasis on section 8 tenants (I think...??). I have been considering a number of markets in the Midwest but ultimately like what i'm seeing out of this area and the cash flow that is possible. I was wondering if anyone on here has a preference or recommendation as to which of these would be preferable or any one elses take on my whole idea. Thanks for the Help!

[Coleman Nelson]

@Trevor Denningham I live in Northern Kentucky and manage several properties in north Cincinnati.  Overall I would say it is the same market...not much difference between the  two.  My home is just a couple miles from downtown while a home "in Cincinnati" could be in downtown or it could be 15 miles north.  It all depends on the neighborhoods you want to invest in here.  If you are looking for section 8 properties, then the towns with the highest % of rentals in NKY is Covington, Newport, Dayton, and Bellevue.  These are the towns on the river right across from Cincy.  Overall violent crime isn't a big factor here, but there are pockets where there are a lot of drug users.

Overall, like any investment, I would make sure you are familiar with the area you are buying in before you invest.  One street may be be nice owner occupied homes, and the next street could be run down rentals.  Best of luck to you and let me know if there's anything I can do to help.