All Forum Posts by: Feras Majeed

I'm a local real estate agent here in Dayton, OH. Sending you a PM now with my information. I'm happy to go over everything with you regarding STRs in the area.

Awesome!

0 Votes

Dayton, Ohio

Quote from @Matthew Masoud:

We have Airbnbs and also manage tons of Airbnbs in the area. There are no specific ordinances limiting short-term rentals in Dayton, not yet anyway.

Awesome! Do you know anything about the Centerville suburb of Dayton?

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Dayton, Ohio

Thank you! I wanted to see if there are others who are actively investing there and if they already went through the process.

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Dayton, Ohio

Hello, I was interested in looking at properties in Dayton but I can't find any reliable information on if they have any ordinances or permitting requirements or even outright restrictions. Does anyone invest there? I appreciate your guidance!

Thanks,

Feras

1 Vote

Dayton, Ohio

Does anyone know of short term rental rules/regulations in Birmingham, Montgomery, Millbrook? My partner and i are ready to purchase and need to be share it is legal to have an STR in these areas and what needs to be done to be legal.

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How? Please connect with me, if you are available. I'd like to discuss this further with you.

Thank You!

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Hello, all,

I joine a mastermind where we focus on learning everything there is about short term rental investing but i'm in a situation where I have 0 capital and bad credit. I'm working on learning how to partner with people for the capital and loan but i keep having doubts about everything because of my lack of funds. What would you do in my situation? Continue to look for partners to work on locking in a profitable STR deal or learn more about propetry managment to raise funds before going into investing? I need to generate income now! and it is hard to figure out what will get me to do that. It won't happen through my job since i use majority of that money to just live.

1 Vote

Quote from @David McCracken:

Hi @Anthony McEvoy, thanks for the reply. No problem to disagree on the valuation. One thing that I love about cap rates is that it removes the financing variable. It becomes difficult to compare deals when some are cash, some are 10% down, 20% down, this interest rate, that interest rate. There are not any short-term rental portfolios that have ever been sold in my area. The cap rate valuation gives me a method to valuate my business based on comparable businesses in the area.

The biggest growth opportunity is one unit is still a long-term rental. It was freshly remodeled along with the others. All it needs is furniture to see a big boost in income. These are all licensed rentals. The remodeling was done with permits by licensed professionals. Everything inside is new. Flooring, cabinets, appliances, bathroom fixtures, etc. Roofs and furnaces are in good shape. AC units are brand new.

Long-term works fantastic in that area. The demand is high and supply is low. I spent a lot of time working on the rentals myself. Every day multiple people would ask us when the properties would be ready for rent.

I'd be happy to shoot the listing your way. Let me know a good email. Otherwise, I'll send it to you here.

Why are you selling this? Sounds like an awesome set up you have there..

0 Votes

Detroit, Michigan

Quote from @John Warren:

@Feras Majeed welcome to the forums! You are in the right spot to meet like minded folks for sure. Here is a list of meetups in the Chicago area that may help.

Chicago Real Estate Investor Meetups (straightupchicagoinvestor.com)

Thank you! I will look through this list. I appreciate it!

0 Votes

Chicago, Illinois

Let's talk. I have a couple of ideas. I

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Akron, Ohio

All Forum Posts by: Feras Majeed

Feras Majeed has started 7 posts and replied 27 times.

Post: Short Term Rental Ordinances In Dayton?

Post: Short Term Rental Ordinances In Dayton?

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