Multi-Family Properties

[Chris Patzelt]

Hi investors, 

I am strongly considering investing in multi-family properties in the Cincinnati and NKY area. I recently moved to the area so I am seeking advice on the hot and cold neighborhoods for multi-family homes. On another note, has anybody had any experience investing in Clifton or around UC's campus? Any information, experiences, or advice would be much appreciated! Thanks. 

[Jered Sturm]

@Chris Patzelt I recently moved away from Cincy where I was born and raised. Our company built a sizable portfolio in Cincinnati including a 42 unit building. My partner still is heading up cincinnati while we also now are pursuing NW Georgia markets. 

We don't own in Clifton but I know it well. I think it would be a very difficult location to own your first apartment. The buildings are very old and difficult to maintain, tenant turn over is almost 100% annually due to the school year. I would avoid clifton for your first one. If you want to talk other areas in Cincinnati, feel free to reach out to me directly. 

Best of luck!