All Forum Posts by: Gordon Starr

That's a great spot. You pay more if the place has been revamped and managed. Most low dollar listings in the area have not been rehabbed.

In our area there are like five different auctions: Sherrif's sale, treasurers sale, Hud, Frannie Mae, Freddie MAC sealed bid auctions, auction.com, Marshalls. I would first read as much as the agency provides for the auction, then try and talk with the auctioneer. They could be a great contact for you. Good luck..

I am ways wishing to buy before the area improves alot or even "gentrifies". Looking for areas built up in the 1920s, 1950s, and 1960s. Don't care about crime so much, just looking for buildings that will be beautiful when rehabbed, times are changing and near downtown city life appeals to a lot of people that can afford the rent if you have something outstanding, you can just hold on till things get better.

I'd offer to accept the payment and the late fee, but also charge her the court filing fee and in return, void the eviction. In the future serve her a quit or pay notice and assess a late fee at the earliest possible date. My guess is she will pay up before the court filing, considering the costs come to her. If she doesn't pay, the eviction will destroy her credit and it may be worth pointing that out to her now, she may not know this. This behavior is aggravating and I myself show up at the doorstep to discuss it directly and pointedly with the tenant if they are pulling this. 

Those #$@% tornadoes tried to suck up all my houses including where I live... but failed! Only a few knocked down trees and limbs - no damage to the structures. Speaking for the trotwood and harrison township areas, things would have been a lot worse had the place not been so well built to begin with. It tore through the north dixie corridor with a vengeance. That area probably could have used rebuilding anyway, though.  The only place I know that is completely gone was a strip club. A  lot of people are saying God had a hand in that. Contractors and rehabbers may be tied up fixing the damage and I see this driving up rents and prices throughout the dayton area. Fortunately, there was a small army of people working on Dayton already. So, it should not take too long. 

I would not pass that by just because it is C class if it is a good deal on a solidly built rental. The area has proximity to many big employers and downtown. Rents and property values are increasing. 

in my experience, I see a different side to this. In 2012, I started buying houses for all I was worth in a somewhat blighted area if Dayton, ohio. I knew the north riverdale area had great built smaller houses, but high vacancy. Maybe 20 percent vacancy with 10 percent needing complete demo. I moved into the best of these and set to work rehabbing some of the most distressed homes right near my home. I'd put in 15k or so plus six months of sweat, blood, whatever it took to restore some rock solid mid century beauty. I'd start at the curb and by the time I was done, the neighbors were my friends and they were improving their places too! Today I've completed ten of these, and the city has done the majority of the demo. The rents and prices are up a lot, but i am not sure about the displacement. I mean, these places were vacant, now someone lives there.

I am always trying to talk my girl into doing things I wouldn't do for any amount of money. No way I would even broach that subject with her. As long as you can afford to, just pay it yourself. That's my advice..

In dayton, ohio right now there is demand for builders and rehabbers. There is a small army working on this town and it is improving rapidly. Work is shifting to tornado damage repair. It will take time. I see this driving up costs, prices, and rents. The investor who can turn distressed or damaged property into nice rentals will be rewarded in my viiew. Small multifamily is very hot. Good luck!

If you come to Dayton and you are in the buy, rehab, and hold game, I'd suggest looking at the emerging areas of Dayton, OH. The city proper is where you can get super solid houses and small multifamily for very low price. There has been a very big influx of new residents to Dayton. I looked all over and bought again and again in North Riverdale and Southern Shiloh areas (mostly emerging C class with some low B class). Zip 45405 has a lot of particularly good buys. The near in suburbs Kettering, Huber heights, Vandalia, and Englewood have some really solid B class properties. You should come visit!