All Forum Posts by: Edward Barrett

As far as good/bad neighborhoods I would connect with someone in the area who knows it better than I. Plus looks like @Samuel Diouf may have already answered your question. 

Hi @Rehaan Khan

We just purchased a primary residence as first time home buyers in Dayton and one thing I would be wary of is foundation issues. Settling, waterproofing etc. 

There is a ton of history in OH. Lots of older buildings with good bones. Ive heard that the Underground Railroad had safe houses all through these parts so some houses have hidden rooms if the rumors are to be believed.

I'm still learning the market myself but Dayton is ripe for potential fix/flip strategies. Fairborn, which is maybe a B or a C class neighborhood, is home to Wright Patterson Air Force Base so lots of potential for military families and single Airmen/Guardians moving off base.

Good luck in your search!

First, I thought about renting it out to a church, but looking at tax code I think it would be better to flip to a church. You don't get the tax benefits unless you own and operate the church. Just a wild guess but I'm betting you don't want to operate a church.

https://codes.ohio.gov/ohio-revised-code/section-5709.07
(A) The following property shall be exempt from taxation:

(3) Real property owned and operated by a church that is used
primarily for church retreats or church camping, and that is not used as
a permanent residence. Real property exempted under division (A)(3) of
this section may be made available by the church on a limited basis to
charitable and educational institutions if the property is not leased or
otherwise made available with a view to profit.