All Forum Posts by: Kyle Bale

Hey Erika, welcome! I definitely understand your sentiment on not wanting to invest in already-developed areas so as to avoid overpaying for a given rental property as a young investor with limited capital.

As far as Avondale goes, like Paul said, Cincinnati can really vary street-to-street which is not a great answer for an out-of-town investor like yourself. What I can say, though, is that there are definitely parts of Avondale I would not feel comfortable walking around at night. However, that area is great for student rentals as University of Cincinnati Med Campus (and main campus to a lesser extent) are very close. Though student rentals have their pros and cons, eviction is hardly one of them as no student wants to be left homeless during the school year, even less so if you make parents co-sign the lease agreements.

Outside of student rentals, there are also plenty of medical Interns, Residents, and Attendings working at UC Health/Cincinnati Children's that that are looking for safe housing around work in the Corryville/Avondale area. These areas represent a great opportunity on both fronts if you're willing to get to know the streets that are safe to buy into.

If you're interested in learning more about student rentals in that area, @Jake Walroth is a great resource and has partnered with out-of-town investors in the past.

Welcome John! I am a new investor myself a year out of college. Last month I closed on a duplex that I am house hacking as well. Feel free to reach out with any questions you have along the way/let me know how your journey goes!

This is great stuff, Gary. I just recently purchased in Norwood for my first deal, but was looking at Oakley and Hyde Park during my search as well since that's where I currently live. Though it is hard to FIND a good deal in hot areas like Oakley, as you've shown in the video, there are still plenty of deals to be MADE if you can stomach a trashed house and turn it around as a flip!

I'm mostly sticking with buy-and-hold for the mean time, but watching videos like this one and generally seeing the possibilities with a dilapidated house really gets me excited at the prospect of flipping.

Makes sense -- thanks for the additional context! Property taxes are getting pretty steep in the more developed areas of Cincinnati as well, but probably nothing in comparison to Chicago.

There are definitely some good places in Cincinnati within 10-15 minutes of downtown you could house hack if you wanted to get a non-hotel place to stay nearer your employer. I'll PM you one that I was looking at a few weeks back before I found the one I'm currently closing on.

To your first question about section 8 in the $100,000-$200,000 range, I don't think you should have any trouble. Evanston is a pretty good area, C+ to B- properties if I had to paint a broad stroke. If you're looking for places that don't need much work at that range, you might also want to consider Norwood (but far enough away from Bond Hill and North Avondale, south or around St Rt 562).

As far as what else you need to know, I think it just comes down to getting more of your team together and asking more questions on BP! It's great you've found a good lender, now you need to connect with a good realtor and property manager since you'll be needing boots on the ground.

Is there a reason you are looking to Cincinnati instead of areas around you? There are definitely still some good deals to be found in the Chicago 'burbs if you wanted to stay local. Could always get your feet wet with a property near you that you can self-manage.

I would also echo what Joe said about financing multi-units with conventional loans. Anything above 4 units and you'll be needing a commercial loan.

Thanks for the welcome everyone! Larger post on the first deal to come, but it was a duplex that I plan to house hack.

I am capitalized now mostly due to living below my means and having had a few good stock picks over the last year or so. Scholarship from school also helped to free up monthly expenses.

Hey fellow BP-ers! I figured I would make my obligatory new member introduction before posting about the intricacies of working through my first deal over the coming weeks.

A little bit about me -- I am originally from Lebanon, Ohio, but currently live in Hyde Park with my girlfriend. Last year, I graduated from Northern Kentucky University right across the river and have since been working downtown Cincinnati as a Data Analyst for about 11 months now.

Like many of the BP Podcast guests, I started my real estate journey after reading the book "Rich Dad Poor Dad" when I was about 15 and have been interested ever since. Now that I'm out of college and have some capital to work with, I have been looking for opportunities to invest and get my feet wet in REI. Currently, I am focused on buy-and-hold, small multi-family units within 10-15 minutes of downtown and/or the local college campuses. In my free time, I enjoy reading, running, and spending time with friends and family.

I am a lifelong learner and am always seeking to better understand the world around me. If you ever want to reach out, grab lunch, or just generally talk shop, I am always available. Looking forward to networking with everyone local and abroad as I continue to build out my portfolio!

Kyle