All Forum Posts by: Mitchell Truong

Hello and thank you in advance for any advice! I'm really new to investing out of state. I'm looking into purchasing a rental property in the Belmont area of Dayton, OH and wanted to get any insight for this market as it seems concerning that the average rent is higher compared to the actual costs of houses in the area. Wondering if the vacancy rate is higher in the area as it seems more advantageous to just buy a house and pay mortgages rather than renting. Thank you again for all your time!

Hi Mitchell! While prices are low (under $200k), there's absolutely a rental demand - especially for working class and professional tenants who aren't ready to buy. That $1400 rent actually makes sense given the low purchase prices. In most Ohio markets, investors can achieve solid cashflow with much lower initial capital investment. Try to look for well-located properties near employment centers. And if you're open to checking out another market with strong rents, positive cashflow, and 1% deals - I recommend Columbus OH. Columbus is an absolute goldmine right now - it's got robust job growth, a booming tech and university scene, and consistent strong rental demand. Happy to send over some resources regarding the Columbus Ohio market and why it's a great market to invest into!

Thank you so much for your insight! definitely will be checking out the Columbus, OH area early next year!

1 Vote

Dayton, Ohio

Good to know. Thank you all for your help!

1 Vote

Dayton, Ohio

With the lower cost to purchase a home in the Dayton area especially with many under $200k, is there still a significant need for rentals with some rents up around $1,400? I have a rental property in Idaho and a decent home is upwards of $400k, but rent is maybe around $2,000. Appreciate your insight!

2 Votes

Dayton, Ohio

5 Votes

Dayton, Ohio

Hello! could I also get those recommendations on property managers in Dayton, OH? Thank you!

0 Votes

Dayton, Ohio

All Forum Posts by: Mitchell Truong

Mitchell Truong has started 1 posts and replied 5 times.

Post: Looking into purchasing a rental property Dayton, Ohio out of state

Post: Looking into purchasing a rental property Dayton, Ohio out of state

Post: Looking into purchasing a rental property Dayton, Ohio out of state

Post: Looking into purchasing a rental property Dayton, Ohio out of state

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