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All Forum Posts by: Account Closed

Account Closed has started 9 posts and replied 122 times.

Post: BRRRR ("fix and rent") in Cincinnati area

Account ClosedPosted
  • New to Real Estate
  • OH/TN/FL
  • Posts 135
  • Votes 35

Hi @Sean Cole. Your name was mentioned on another thread I was following. I'd like to ask you 1) Can you give a few examples of C neighborhoods you'd recommend? and 2) Are there any contractors you'd feel comfortable recommending or do you personally do the rehab? 

Post: OTR, Downtown Cincy, & MFs

Account ClosedPosted
  • New to Real Estate
  • OH/TN/FL
  • Posts 135
  • Votes 35

Hi @Eric Sztanyo, thanks! I'm excited to relocate from FL and experience new scenery. 

Thank you so much for offering examples of neighborhoods that may be better suited to house hacking! I also had not really considered Kentucky, so I will definitely keep the other side of the river in mind too. I remember visiting Newport and Covington while in town and liked the areas.

Post: OTR, Downtown Cincy, & MFs

Account ClosedPosted
  • New to Real Estate
  • OH/TN/FL
  • Posts 135
  • Votes 35

Hi @Ben W., thanks! I'll certainly start looking out for 4 plexs and dig into the past posts a bit more. Oh, thank you for your perspective on OTR too btw. I'll keep that in mind!

Post: Opportunity Cost: Turnkey vs BRRRR?

Account ClosedPosted
  • New to Real Estate
  • OH/TN/FL
  • Posts 135
  • Votes 35

Wow, thanks for sharing @Lee S.! Your breakdown definitely shows a compelling case for investing in good deals and doing great rehab before successfully refinancing. I really appreciate all the detail you provided too! I am working hard to learn enough to sidestep making any obvious newbie mistakes and then jumping right in to my first investment property! Thanks for contributing!

Post: Opportunity Cost: Turnkey vs BRRRR?

Account ClosedPosted
  • New to Real Estate
  • OH/TN/FL
  • Posts 135
  • Votes 35

Wow @Steven Anderson - This was an exceptional example! I have not come across the advice to be sure to have the property rented before refi so I am really excited that you brought this up! Also, thank you for offering such an in detail look at the best ways to get a great appraisal! I'm learning so much. Not to mention congrats on a highly successful BRRRR! Definitely helpful post

Post: Opportunity Cost: Turnkey vs BRRRR?

Account ClosedPosted
  • New to Real Estate
  • OH/TN/FL
  • Posts 135
  • Votes 35

Thanks @Nick Dumas! Quick follow up question: how exactly would I ensure I can refinance beforehand? Any suggestions or tips??

Post: Opportunity Cost: Turnkey vs BRRRR?

Account ClosedPosted
  • New to Real Estate
  • OH/TN/FL
  • Posts 135
  • Votes 35

Hi @Andrey Y.. I'm curious to know: in your opinion, what is a good balance of investing time versus investing money (especially considering a newbie investor may not have much experience)? I think this question gets to the crux of what Brian's comment was referencing. Thanks for dropping into the discussion!

Post: OTR, Downtown Cincy, & MFs

Account ClosedPosted
  • New to Real Estate
  • OH/TN/FL
  • Posts 135
  • Votes 35

Hi Cincinnati BP community! I'll be relocating to Cincinnati in January for a new position. I'm interested in potentially house hacking while I'm there. I'm also open to investing in MFs in OTR or Downtown Cincinnati.

With that in mind, what areas would you all recommend for house hacking (with special attention to proximity to downtown since I'll need to get to work reasonably quickly)? Likewise, is the MF market strong in Cincy? I know that not every place favors multiple units that aren't large apartment properties. Finally, how are the residential areas near/around downtown? I'm aware that some places may be on a street by street basis, but generalizations are welcome too!

Oh, and if anyone can recommend local REI groups/meetups/networking opportunities, I'd appreciate it!

Post: BRRRR ("fix and rent") in Cincinnati area

Account ClosedPosted
  • New to Real Estate
  • OH/TN/FL
  • Posts 135
  • Votes 35

Great question Eric! I am relocating to Cincinnati, OH in January as I start my new position. However, I'm interested in BRRRR in the Cincinnati metro area as well! I'm curious to see what other posters have to say.

Post: Opportunity Cost: Turnkey vs BRRRR?

Account ClosedPosted
  • New to Real Estate
  • OH/TN/FL
  • Posts 135
  • Votes 35

Of course! Thank you @Brent Coombs. I'm not sure why I didn't think of that...referrals! Yes, my very next to-do item is start attending REI meetings and making offline connections. "Trust, but verify!" Great advice, thank you!