All Forum Posts by: Jason Lusher

Congrats Lauren. I'm also from Cincinnati and have lived here most of my life. I'm just starting to look for my first property. I've actually been looking quite a bit at the Madisonville area. 

Good luck!

Thanks Bryan. I'm looking for a SFH no higher than $60,000. It doesn't necessarily have to be a turnkey property, but something that doesn't need a lot of work. I would say under $5,000 for any fixes to get the property rental ready. My goal is to try and purchase at least one to two properties per year over the next ten years. I'd like to supplement my income with monthly cash flow from the properties at the same time building equity in all of the homes that I own.

In regards to acquiring properties, I'll be financing the first property through a conventional 30 year fixed loan with a 4% interest rate. I've shopped around for different lenders in the area and this one had the lowest interest rate and closing costs. They do however, require 25% for the down payment, but I shouldn't have a problem with that on a property lower than $60,000. 

Hopefully the criteria above will help identify specific areas in the greater Cincinnati area where rentals are prevalent and where there's a good market for rental homes.

Any advice from anyone on this?

Hello Cincy Investors,

I wanted to see if anyone from the Cincinnati area has any recommendations on good areas to own a SFR. I have my financing squared away and am starting to scope the areas. I've lived in Cincinnati for the majority of my life but always a little North of the city. I'd like to get some opinions which areas to target for SFR. I'm looking for properties between 30-60K that won't require a lot of money to fix up and get ready for tenants. The properties don't have to be turn key but would be ideal if they mainly just require cosmetic work.

Thanks,

Thanks everyone!

Hello everyone, I'm new to BP as well as to real estate investing. I live in the greater Cincinnati area and have been reading many books, researching online,  listening to podcasts, and trying to learn as much as possible with regards to real estate investing.

I was born and raised in Cincinnati and was in the U.S. Marine Corps from 2004-2008 where I served two tours to Iraq. From there, I went to the University of Cincinnati and obtained my bachelors  degree in Business Administration, Information Systems. I currently work as an IT Analyst at a local hospital here in Cincinnati.

My goal is to start my real estate endeavor with single family rentals and get into the landlording side of the industry. I plan on working full-time and hope to achieve some cash flow from my property(s) as well as set myself up for financial success in the future. I'm 29 years old so now would be a good time to get started.