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All Forum Posts by: Keeton Byerly

Keeton Byerly has started 4 posts and replied 6 times.

Post: Getting Started in Dayton Market using Property Management

Keeton ByerlyPosted
  • Rental Property Investor
  • Springfield, OH
  • Posts 6
  • Votes 5

Hi all, 

I wanted to reach out to you all here on the forum. 

I've managed several properties in Springfield for a few years by myself. Recently, I decided to move in the direction of professional property management for a property in Columbus. I've been very happy with my experiences from the latter avenue. I'd like to utilize this method moving forward. Springfield does not have many options for property management; Dayton seems like a good combination of greater property manager options like Columbus, but a property price similar to Springfield.

While I'm still at least 6 months out from a purchase, I wanted to see what your experience has been like, particularly if you're using property management with your own rentals. I would likely be using financing to purchase a property. While a 3-4 unit property would be ideal, I feel like the potential for turn over would eat into cash flow. Alternatively I have considered a nicer duplex instead. Any thoughts? Thanks in advance! 

Post: Out of State Investments - Dayton, Ohio?

Keeton ByerlyPosted
  • Rental Property Investor
  • Springfield, OH
  • Posts 6
  • Votes 5

Sadly I don't know too much about Dayton. I'm just about 20 minutes from there in Springfield. Similar market, Dayton is a bit bigger. Houses here are cheap and there will always be a market for low cost rentals. However, out of state, the costs with managing would eat into any profit margin.

Post: Just Bought a Duplex - Need Advice! =)

Keeton ByerlyPosted
  • Rental Property Investor
  • Springfield, OH
  • Posts 6
  • Votes 5
Originally posted by @Hai Loc:

So hard to find a deal in Columbus.. Only deal I ever got was buying a few tenant home mobile homes for $1200 a piece and rented them out for $600 after about $500 of work on each one.. Generating about $800 a month net after paying $2200 for them..

 
I about a duplex in 43211 for 30k about 2 years ago. Rents 1,200 a month.

Post: Requesting Investment Strategy Thoughts in Columbus, OH

Keeton ByerlyPosted
  • Rental Property Investor
  • Springfield, OH
  • Posts 6
  • Votes 5

Thanks for reading my post. I'm looking to connect with investors in Columbus to share investment strategies. I'm looking to move to Columbus. I've been looking at both single family houses and multi-family properties. Though based off of what I have seen in multi-family from what's on the market, I think I would tend to lean with a SFH. Ideally I'm looking to live in a property for 2-5 years, and then rent it out and move up. I have a budget of $130-150k. Likely using FHA or conventional financing. What areas would you recommend? Looking largely for modest ranch style homes and a relatively safe, comfortable area.

Post: COLUMBUS OH - SFH Value Areas

Keeton ByerlyPosted
  • Rental Property Investor
  • Springfield, OH
  • Posts 6
  • Votes 5

Hi all, 

I'm working with a budget range of $80k-120k to finance a primary residence in or around Columbus, Ohio. I'm looking for a ranch style single family house in solid rental areas. The end goal is to develop a respectable portfolio of this property stock. 

Given that I'm originally from Springfield, I'm not particularly familiar with the different areas of Columbus. From my research, two areas that stand out are Whitehall and the 43207 zip. Any insight is greatly appreciated! 

Post: Ohio Lead Based Paint Procedures

Keeton ByerlyPosted
  • Rental Property Investor
  • Springfield, OH
  • Posts 6
  • Votes 5

In Ohio, looking for some help. I've seen a couple of properties in Springfield especially with a sign from the county, something along the lines of "this property is an environmental hazard due to lead, unsafe for human occupancy, especially for children under the age of 6 and pregnant women..."

My question is, what exactly causes these houses to get this sign? What recourse is available for these stigmatized properties?