Cincinnati, Ohio

[Deron Barnes]

Hello BP,

I am considering investing in Cincinnati, Ohio. I am from New Jersey, so I am not familiar with the area. I see some really cheap multifamily properties for sale in Cincinnati with pretty good return. Can someone who is familiar with the area shed some light on streets below:

Queen City Ave, Cincinnati, OH 45238

W 8th Cincinnati, OH 45205

Are these good areas to invest in? What are the pros and cons of investing in these areas? 

Thanks BP!

[Melissa N.]

Cincinnati has an average of 2% growth over the past few years. Diverse job sectors and cash flowing properties. That's why I like it but everyone has there own goals and opinions. Lots of ways to make money in real estate. 

I am buying a 12unit on the east side. I'd say start by analyzing every deal you can find. Look at the building, check the crime site, neighborhood scout, city data (population, income, vacancy - can all be found sometime even block by block). This will help you spot a deal when you see it. Run the deals through the BP calc and make offers (even if you think they won't accept).

Where you invest and why is really a personal choice. Define your goals and analyze areas then deals.