All Forum Posts by: Ozzy Smith

@James Pettinelli I think choosing Dayton is a smart move. I personally invest here and live here only bc of the opportunity (I’m not originally from Ohio). With that being said I have partnered with a few oos investors before and continue to work with them on a few buy and hold rentals. If you want to talk about how we structure our deals and how we handle daily operations send me a pm and we can schedule a time to chat on the phone in more detail

Ozzy

I personally live and invest in Dayton myself but am not from here originally. I’ve been here for 15 years now and only stay bc of the real estate opportunity. 

As far as pm companies the only one I’d trust with my portfolio is Outside The Box Real Estate. They are investors themselves and do it the right way. 

If you ever want to chat specifics feel free to contact me directly 

@Tony Napier

Send me a pm... I'd like to get a few details on what you are looking to do.  I have a little experience with it (not much) but am actively looking to do (I think) what you are trying to do.

sorry to hear about your misfortune... that song has been stuck on repeat for several years just with different people singing about the same outcome with them.

@Jeff Mays I'm going to take the other approach than the majority of the group (that's pretty much what I do all the time actually), and say good for you on taking a chance.  Like the others have said, it is a big risk walking away from the security of a high paying job, but is it any more risky for you with multiple 6 figures or the guy that only makes $10/hr to quit his job?  Either way, in both scenarios, the person is giving up 100% of their income to bet on themselves.... I'm guessing you at least have some savings (unlike the minimum wage guy) and some good business sense if your earning that kind of $ in the first place.  

That being said you do have a tough road ahead of you to replace that much $ with passive income but it is totally doable and not in as long as many of these comments make it seem.  You are definitely on the right track and I'd highly recommend partnering with someone who has the experience to show you the ropes (that's how I got started and have done the same for others starting out) because you don't know what you don't know.

I think you're spot on with looking to the Dayton area to start investing (your $ will go much further) as I believe it is the best place in the world to invest.  If there's anything I can help you with reach out to me anytime.

Finally trust your gut (but be realistic).  No matter what you choose there will always be someone telling you you're wrong, but only you know what's inside and have to live with the choices you make.  This real estate thing is not rocket science and can be learned pretty quickly if you have common sense and a good understanding of business (again you know what's inside you).

So happy investing, look me up if you feel the need, and btw... you can always take a part time job or I know there are lots of real estate investing companies looking to hire if you ever need to make some part time income while you figure it out! #GOFORIT!!

@Amedeo M.

The prices in Dayton for a "typical" rental is not really possible to answer in general. Depending on what part of town you are in and type of property it varies greatly. I personally have some SFR rentals in a C neighborhood in the $30-40K range and Multi's in the $20-30K per door range. If you go 2 miles away you can go up or down in neighborhood grade and change your numbers by 50-60% easily if not more.

I personally invest in that area and have done a few wholesale deals there as well. If you would like to talk particulars drop me a line

I’ve used Dayton capital probably 20+ times now. The rates are as good or better than any other hml out there and @Darrin Carey is great to work with 

@Payton Pearson

You might want to check your comps... if this truly is in oakwood that is a very low rental rate... I get that per unit in a c neighborhood. You might have a better deal than you think 

Thanks for sharing. It goes to show that you can find deals on the MLS. I keep trying to tell people that and they don't believe me… Well done!