All Forum Posts by: Mike Schena

@Engelo Rumora, I'm not familiar with the term B area, so I might be classifying these wrong. That said if the scale goes from A to C. I like Kettering, Beavercreek, Fairborn, and in Dayton itself, Oregon District, Patterson Park, South Park, Fairgrounds, and St. Anne's Hill. The latter 3 are more B- so take care in those areas, but you can still get good tennants and good properties. Dayton is pretty big land wise, and I know there are a couple other nice enclaves that escape my mind.

Let me know if you have any questions in particular, because like every neighborhood, reality on the ground can be very different a block or over.

Yep, I live in the Kettering/Centerville area. My 4 unit is in a nice part of Kettering. Seems like this area just has a lot going for it in terms of being a great cash flow market.

Hi,

New member from the Dayton OH area here. I'm relatively new to real estate investing, but so far it has been going great. About a year and a half ago I realized I had a great skillset for being a landlord. I am a cost estimator by trade and some of my hobbies are renovating houses, woodworking and even building small structures. So I bought a couple books read them through and started looking for a property. Last October I closed on a duplex in the popular part of downtown. I projected a 21 % leveraged cash on cash return but in reality it has been performing much higher. I just signed up to re-invest some of that into a local program where the utility company subsidizes insulation, and air sealing. My tenants have been great, so I wanted to do something that would benefit both myself and them.

Just last week, I closed on a 4 unit apartment building in the suburb where I live. I'm also projecting about a 22% leveraged cash on cash return for this property. I'm hoping all the tenants are as great as my other property. I still have yet to cut my teeth on filling a vacancy, but hey that is a good thing, I think it means I picked a good property.

Looking forward to learning from you all,

Mike