All Forum Posts by: Preston Donahue

Some details: It's a duplex with an FHA loan. The owner has already lived in the property for over a year. So I assume that should satisfy the owner occupancy that FHA requires.

My question is, what should I know before getting into this deal? Do you think they would require me to be an owner occupant?

Any advice would be appreciated!

0 Votes

Canton, Ohio

Hey Bret, welcome! I'm based in Canton and invest here too.

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Cleveland, Ohio

Hey Eric, Canton investor and Realtor here. We should grab some coffee some time!

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Canton, Ohio

Hi Beethoven, I'm and investor and Realtor that specializes in Canton, which is just south of Akron. Feel free to reach out to me at anytime!

1 Vote

Akron, Ohio

Quote from @Sarah Kensinger:

@Preston Donahue Is a realtor and investor in the Canton/Akron markets and can help guide you to the good investment areas. I highly recommend you connect with him!

Thanks Sarah!

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Akron, Ohio

Quote from @Sarah Kensinger:

@Preston Donahue May be able to help you.

Not sure what route you're looking to take with a property, but Akron is a great place to have a STR in 2023. We're located about an hour away, so if you purchase a property and interested in STRs we may be able to help you.

Thanks Sarah!

1 Vote

Akron, Ohio

I can help! I'm based out of Canton and I also invest. I prefer working with investors. I'll send you a DM

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Akron, Ohio

If you would like local connections, I'm based in Canton. I sell and invest here!

2 Votes

Akron, Ohio

Quote from @Sheena R Roth:

Quote from @Preston Donahue:

Quote from @Sheena R Roth:

We have 6 duplexes in the Canton area, I stick to 4 school districts: Perry, Plain, North Canton and Jackson. The latter two are definitely out of your price range. You can probably find an up/down duplex in Perry or Plain townships for $150k or less, especially now that the market is softening. My advice would be to stay out of Canton LSD even though it will look extremely affordable, you probably won’t want to live there.

Are you confusing Canton Local schools with Canton City schools? If not, how does Canton South differ from Perry Local?

Yes I should have differentiated between Canton LSD vs Canton city. I never have, but I would at least consider investing in Canton South… whereas I don’t see myself ever investing in Canton City unless there are significant changes in the area.

As for the difference between Perry and Canton South, I consider Perry schools a little higher caliber and I would probably want at least a little bit of a discount for an equal property in Canton South vs. if it were in Perry. Also, I haven’t researched this, but when I started investing, a realtor told me that Canton South has open enrollment, where as Perry Plain North Canton and Jackson require students to live in the district so it keeps both home values and rent a little higher since those are all desirable districts.

Do you live or invest in Canton South? I’d love to hear your opinion on this, you have me interested in exploring potential opportunities there.

I have a rental in Canton City, I don't plan on having any others there though. I actually currently live in Canton South now. With the intention of renting out my house when I move. I don't know if CS still has open enrollment, they do have a brand new high school and middle school. So It wouldn't surprise me if they did to boost enrollment in an otherwise smaller community. If I could, I would focus solely on investing in Canton South because of the new schools and the community has the "home town" feel that makes people stay longer. And rents seem to be great for investors. For example, my 2 bed, 1 bath home should rent for nearly $1200 a month, based on the last time I checked.

1 Vote

All Forum Posts by: Preston Donahue

Preston Donahue has started 9 posts and replied 42 times.

Post: House Hacking in Northeast Ohio

Post: Assuming an FHA mortgage on a duplex

Post: New member from NE ohio.

Post: Looking to Connect with some investors in Canton OH

Post: Youngstown & Akron market

Post: Youngstown & Akron market

Post: Can Anyone Recommend A Real Estate Agent in Akron OH?

Post: Can Anyone Recommend A Real Estate Agent in Akron OH?

Post: New member looking to network.

Post: House Hacking a Duplex or Triplex ?