All Forum Posts by: Luther Kyrin Creecy

Quote from @Scott Allen:

@Luther Kyrin Creecy

If it's not zoned as a duplex, they should not be listing it as a duplex. You can find 'true" duplexes, triplexes, and fourplexes in Columbus, OH and surrounding tertiary markets of central Ohio. 

Yes, I agree with Scott Allen. Do your due diligence beforehand. Ensure the property is multifamily and which classification (duplex, triplex, or quadplex) it is. At times, sellers will advertise a "duplex," but legally it's a single-family residence. As a result, you cannot legally rent a duplex.

You can do your due diligence through two methods: (1) Look up the city, town, and county tax bills. It will state their specific classification. (2) Talk with your realtor and attorney.

Cleveland and Columbus are the two cities where there's a ton of Duplexes that are zoned correctly. Cleveland is your Cash flow market while Columbus is your appreciation market. You can practically throw a dart at a Columbus map and it would hit somewhere that'll make a good investment.

Quote from @Luther Kyrin Creecy:

Afternoon all,

Would anyone have any advice on where to find a true duplex? I'm looking for a duplex and don't mind leaving Tampa, FL to get one but I'm having a hard time with this search. I'm running into a lot of houses that aren't actual duplexes but the agents have them listed as a duplex. 

Any advice is appreciated. 

Hi Luther, I personally love Columbus Ohio and as someone who works with a lot of out of state investors - there's so many catalysts for why you should invest here. Specifically, there's job growth (Intel, Honda, Amazon, Nationwide, etc) and the population is growing (unlike Cleveland or Cincy). I really see Columbus Ohio as an extremely safe bet for the next 10-20 years. Plus, there's still so many positive cash flowing and 1% deals here in Columbus Ohio. Just this month, I’ve gotten under contract for my clients for multiple 20%+ cash on cash rental properties so there’s definitely tons of opportunity here. As a local investor and agent here in Columbus, let me know if you have any questions or want to connect!

@Luther Kyrin Creecy

If it's not zoned as a duplex, they should not be listing it as a duplex. You can find 'true" duplexes, triplexes, and fourplexes in Columbus, OH and surrounding tertiary markets of central Ohio. 

@Luther Kyrin Creecy
The Columbus and Cleveland OH markets have a ton of duplexes. 

@Luther Kyrin Creecy

Hi Luther, Cincinnati could be the city! Lots of SMF to choose from in a growing city! Opportunities for cash flowing and appreciation friendly properties! Let me know what you think

Hi Luther,  Indianapolis has a lot of duplexes on the market at most times.  And yes, they are truly duplexes.  Send a DM if I can help answer any questions.

Quote from @Luther Kyrin Creecy:

Afternoon all,

Would anyone have any advice on where to find a true duplex? I'm looking for a duplex and don't mind leaving Tampa, FL to get one but I'm having a hard time with this search. I'm running into a lot of houses that aren't actual duplexes but the agents have them listed as a duplex. 

Any advice is appreciated. 

Work with an agent who not only can send you on market properties but off market as well. Columbus, Toledo, & Cleveland, OH are great places to find affordable duplexes 

Hi @Luther Kyrin Creecy,

I would recommend investing in Mid-West where investors are not priced out. Some cities include Columbus, Indianapolis or Kansas City. You do not have to move where your investments are located. If you're comfortable living in Tampa, then I recommend you read Long-Distance Real Estate Investing by David Greene. 

One of the main points of the book is relying on a team which includes a rock-star team: realtor, lender, contractor & property manager. Each individual should be "boots on the ground" and someone who you can highly trust. I hope this helps!

What's your budget?  Are you liquid for a 20-25% down-payment for a Duplex?