All Forum Posts by: Jordan Fiore

A fun and exciting journey ahead for you! There is a lot to learn regarding this Cincinnati market. You are at the right place to surround yourself with knowledgeable people to help guide you. Don't hesitate to reach out!

Getting in touch with an investor friendly realtor would be the first step. They will usually have multiple other contacts for you to connect with as well. Asking questions about their experience in this market over the past 4-5 years will give you an idea on what route you want to take. Reach out if you have any questions and best of luck with everything!

Welcome! Cincinnati is a great market to start, in my unbiased opinion:) A lot of opportunity and different avenues with LTR/MTR/STR approaches. Reach out if you have any questions!

When you say HVAC, do you mean just the furnace or is there central air for the units? Big difference in cost if its just the furnace.  Also, the biggest ticket item will most likely be the main sewer line disconnected, What was the quote for the repair? How far were they able to go on the main sewer line before having to stop? 

A lot of these issues could cost way less or WAY MORE depending on the details of the problems.

Don't always go the cheapest. Especially when it comes to bathrooms and kitchen. Buyers can tell the difference between good and bad workmanship. It is the difference of your house selling or not.

I think all these worries are very valid. This is a big purchase. Having a trusted real estate investor friendly agent would cure a lot of these worries. They usually have a team of trusted contractors for you to choose from, obtain quotes during the due diligence period on any issues, for you to make the right choice. There is a big difference in quality from the older late 1800's to early 1900's wood/vinyl side buildings compared to the 1930's and earlier brick built properties. The knowledge of the specifics of these buildings just comes with experience. I would say to start simpler on your first property, 1940's build or newer, brick build, 2-4 unit(that was actually built as a multifamily to begin with), C+ or better area, etc.

I would personally hold off. Posting too soon will just add more days to it being on market and when renovations are finished it won't be the "hot new" listing. You can post once contractors have demoed and already working on the renovations?

Cincinnati is THE spot! Reach out if you have any questions regarding certain areas and property types. A few different routes you can go for here in Cincy.

If you are in a good area within 15 minutes of the hospitals then I think the market is good here. I have a client that is having a great experience with her mid term rentals so far. The 1 bedrooms get significantly more per month on MTR than LTR. The difference of $900 to $1,500+ per month.

A lot of great points already mentioned. House hacking is the way to go if you have that flexibility. I would suggest a safer location and that would give you less headache. The cash flow won't be amazing but if you can add value over the first couple years and get rents up. that would be ideal. Sticking to a brick build that was built as a multifamily would be smart as well.