Moving to Dayton Ohio to BRRRR

[Leonardo Rodriguez]

Hi everyone, 
I'm from AZ and moving to Dayton Ohio in a few months to start purchasing rentals. I have been in real estate for 2 years and AZ is just overpopulated now and has gotten expensive to invest especially when you are trying to BRRRR I know climate change is going to suck but It's going to be worth it. I'm looking to connect with realtors, all types of lenders, Wholesalers, and GC's. I have been studying the area a lot lately. I'm also trying to narrow down my Buy Box. The main issue I'm having with the buy box is the year build. Just trying to see what year builds I should avoid in Dayton as well as what type of build will i find in Dayton such as Brick, Stucco, Concrete, Wood etc... Any type of advice helps. Thanks.

[Gordon Starr]

I suggest you should explore Dayton cash flow neighborhoods. Most of the city proper will cash flow. Areas that were built up with supersolid construction and smaller residences are particularly good investments. The boom years of manufacturing were when big parts of Dayton got built up and it was done by highly paid workers to very high (possibly unmatched) architectural standards. Now you can do Brrrr in the city proper but until just recently you could not. The price was too low on single family to warrant a mortgage. The credit market was locked up for a decade and the landowners are de-leveraged as a result. Brick and hardwood is very common and fantastic, but alot of the frame construction is also supersolid. The carpenters guild of the 1950s and 1960s is kind of legendary. The 1920s had cooler architecture and is plenty solid too.  A lot of us investors, myself included, favor the north riverdale, southern shiloh areas (zip 45405) for these reasons. A solid play is to fix up places really nice, then be patient with tenant selection. So many of us are doing it, that the area is rebounding fantastic!