Seasonality in OH - How much of an impact?

[Account Closed]

Hello friends - 

My partner and I have been looking at properties in the greater Cincinnati area for a few months and have found a couple we're interested in. We live in San Francisco, CA and have been on the backend of real estate investing for over 2 years at a high volume lender and we're ready to put some money in the market. However, SF and the surrounding areas are cost-prohibitive (we have $45,000 for the investment). Several of my borrowers are working in the Cincinnati area and we've been working with a local acquisition agency (Build Realty) to find properties. My concern is with it being August and the cold months right around the corner, how much does the changing of seasons impact the ability to reliably get a project done on time? Us Californians don't have to deal with these things :)

There's a property (not under contract yet) that we could close by EOM, but that would put us at a resale of March. All insights are appreciated!

[Sean Cole]

Seasonality does exist in Cincinnati, but it's not as bad as you'd think.  While there are fewer buyers and sellers, the buyers who are looking in the winter months are more serious buyers.  Statistically, a higher percentage of homes listed in the winter months here sell vs. those listed in the summer months.

Disclosure: I'm a competitor of Build Realty and currently we have lawsuits pending against each other.

Head over to courtclerk.org and do a search for Build Realty, the owner, Greenleaf Funding, etc.