Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Toledo Real Estate Forum
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 7 years ago,

User Stats

61
Posts
17
Votes
Bud Dwyer
  • Phoenix, AZ
17
Votes |
61
Posts

A couple questions on Multi-family

Bud Dwyer
  • Phoenix, AZ
Posted

I've been looking in Ohio to invest since Phoenix seems to be priced beyond getting any Cash Flow at this point.  

I guess my first question is why is Multifamily so cheap out here, but the rents are comparable to Phoenix?  I see buildings for less than $100k, some even cheaper than $50k while the rents are around $500-600/month.  These prices are on 3-4 units buildings as well.  It seems you can get a fixer upper fourplex here for $15k if you really wanted to.

What are the average water/sewer/trash bills for 3-4 unit buildings out here?  I pay around $275/month for my fourplexes in Phoenix.  If it "Depends," can someone at least give me a range to work with.

I know about the lead based paint rule set to go into effect in a few months, and will be scrutinizing any properties for it.

Thank you

Loading replies...