Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
Pick markets, find deals, analyze and manage properties. Try BiggerPockets PRO.
x
All Forum Categories
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

All Forum Posts by: John Wright

John Wright has started 3 posts and replied 50 times.

Post: Getting Your Spouse On Board

John WrightPosted
  • Real Estate Agent
  • Cincinnati, OH
  • Posts 51
  • Votes 63

@Simon Delony

Hey Simon I was in the same boat as you a few years back. My journey was first through financial literacy podcasts and then eventually to investing podcasts, audiobooks, and YouTube shows. I use to listen on my commute, lunch break, or at the gym and really got into BP and would subsequently try to play matchmaker with my wife and the many different podcasts that I felt would fit her interests. The advice I am going to give you I actually got from a fatherhood group but it is universally applicable and I apply it to our investing philosophy and now our family management philosophy. That advice is to actually not push or pull but to figure out how she really wants support and try to meet her exactly where she currently is. Our inclination as husbands is to find ways to provide for and lead our families. Great leaders get the most out of other people not by pushing or pulling but through modeling and personalized support.

First I had to remove any expectation and be ok with the fact that my wife may never be into investing at all. I could still pursue REI in alignment with our goals as a family. Instead of putting energy into trying to make her see things my way, I instead focused on communication around what I was doing and how it was going to help our family reach our big goals.

Fast Forward to today, my wife is now very interested in one of our longer term REI goals which is to own and operate a family lake-house. She is less into the day to day, flips, rentals, sales and partnerships but because we are in alignment with the big goal I now find her pursuing me for info on the REI deals we have going and what's next.

I hope this helps!

John Wright

Post: Seeking Advice on Potential Short-Term Rental Investment in Cincinnati, OH

John WrightPosted
  • Real Estate Agent
  • Cincinnati, OH
  • Posts 51
  • Votes 63

@Dina Schmid if you are downtown and have a larger property you can do 125k plus a year. There is a property in OTR doing 250k and several others at 200k. Downtown is a good landing spot for wedding parties, corporate groups, families during the holidays, events, etc.

Post: Creative Financing Deal in Austin

John WrightPosted
  • Real Estate Agent
  • Cincinnati, OH
  • Posts 51
  • Votes 63

Looking for advice on a creative finance deal in Round Rock. Single family 4bd house in Round Rock that needs foundation work. I am told that foundation problems are common in this part of Austin. Seller would be open to creative financing since house needs foundation work.

Asking 300k

Foundation Repairs- $40k ( could be way less)

ARV- $385 to 400k

Post: Looking for a realtor to help me with Airbnb/VRBO arbitrage

John WrightPosted
  • Real Estate Agent
  • Cincinnati, OH
  • Posts 51
  • Votes 63

@Raza Rizvi I have experimented here in Cincinnati with arbitrage.

Post: Don't be cringe...

John WrightPosted
  • Real Estate Agent
  • Cincinnati, OH
  • Posts 51
  • Votes 63

Hey Emily,

Are you saying that buyers in Austin are using earnest money of 1%? An agent in Austin just told me that earnest money is not really used anymore.  

Post: Looking for handyman & contractors in Cincinnati

John WrightPosted
  • Real Estate Agent
  • Cincinnati, OH
  • Posts 51
  • Votes 63

Hey Agnes,

I have a good handyman who might work for you. I will send you a dm.

I have a corporate lease that you can look at. I am usually the one on the other side of the table but I think it works much better than any residential lease I have seen.

Post: Property Management in Cincinnati

John WrightPosted
  • Real Estate Agent
  • Cincinnati, OH
  • Posts 51
  • Votes 63

Paradigm Property Management.  

Post: Where to/not to Invest in Columbus OH

John WrightPosted
  • Real Estate Agent
  • Cincinnati, OH
  • Posts 51
  • Votes 63
Quote from @Douglas Patterson:

As an Investor/PM I would suggest a few areas like Whitehall, Reynoldsburg, or Gahanna to invest in. The investor side of me sees a lot of opportunity to BRRR with some of the older builds in this area and appreciation potential. The PM side of me sees areas like Franklinton, Southern Orchards, and Hilltop as nightmare areas to try to find a good tenant in. Worthless to buy an appreciating property that you cant keep a well qualified tenant in for more than 1-2 years.

Bests of luck!


 I just sold a Southern Orchards duplex I bought in 2019. Househacked it, rented it both as long-term and as a short-term rental (Furnished Finder). 

Bought it for 180k, put 30k into it and just sold it for $425K!!  LFG!

I learned that you can still buy at this price point today although construction costs and complexity have both increased. Getting good long-term tenants was not as easy as I thought it would be. Actual rents were lower then projected.

I grew up in Whitehall so it coming around in the cycle totally makes sense to me. 

Post: Looking to Learn About the Cincinnati Market

John WrightPosted
  • Real Estate Agent
  • Cincinnati, OH
  • Posts 51
  • Votes 63

Expect the housing inventory to be much older then in Columbus. Most of the investors new to the market are surprised when they see properties that were built in 1890's. 

Traditionally it's been Eastside for appreciation and Westside (West of 75) for cashflow. 

C-class neighborhoods can be very street by street which makes it more difficult for investors. 

These would be my top strategies ranked for the market: 

1. Healthcare focused- Major healthcare operations and healthcare developments  

2. Student rentals- Two major universities within 5 miles of each other

3. Value Add- Plenty of older housing inventory to fix-up

4. BRRRR- Combination of smaller properties with plenty of rental demand

5. Fixed Income- Just like the rest of Ohio, plenty of fixed income residents who need proximity to healthcare, public transportation, and other urban amenities. 

Honorable Mention:

Short Term Rentals- Would be limited to downtown or NKY but all year round demand and limited hotel room inventory

Let me know if you want me to send you a market presentation I recently did for an out of state investment group.