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All Forum Posts by: Tim G.

Tim G. has started 12 posts and replied 158 times.

Post: WTB: Fix & Flip Properties in the Cincinnati Area

Tim G.Posted
  • Flipper/Rehabber
  • Miamisburg, OH
  • Posts 161
  • Votes 64

@Rashida Adekoya  Possibly. Depends on where they are at.   Can you send me some info on what you have?

Post: WTB: Fix & Flip Properties in the Cincinnati Area

Tim G.Posted
  • Flipper/Rehabber
  • Miamisburg, OH
  • Posts 161
  • Votes 64

Looking for properties to fix and flip in the Cincinnati area.  I'm on the north side of town and would prefer that area, but will branch out if the deal is right.

I have bank financing already in place for up to $200K properties.  Not an issue that properties are distressed.

Please message me on here for any opportunities you have or people you can refer me to.

Thanks!

Post: Struggling to find next property

Tim G.Posted
  • Flipper/Rehabber
  • Miamisburg, OH
  • Posts 161
  • Votes 64

I purchased my first property to flip back in February.  Search for my success story to see how it worked out! (hint: I want to do more!)

For the last 2-1/2 months I've been trying to find my next property to flip. I have a good RE agent that is knowledgeable on investment properties but we are really only searching the MLS. We've bid on probably 10 properties, which all went to multiple offers and we always get outbid. We pull comps, have a good idea of rehab costs and go in with an offer where the numbers give about $20k profit.

For the last week or so, I've been Googling Cincinnati wholesalers and have contacted about 5 or 6 people in the area so far.  Most went to voicemail and I haven't heard back.  The 1 I did get in touch with said he will keep me on his buyers list and will give me a call when he has something.  Another wholesaler I spoke to a few weeks ago is looking for cash only buyers, but I'm not to that point quite yet.

Just looking for suggestions on other avenues I can try or if there are any people here that have contacts.

Thanks!!

Post: Property Manager Fees in Student Housing Market

Tim G.Posted
  • Flipper/Rehabber
  • Miamisburg, OH
  • Posts 161
  • Votes 64

@Joseph Jackson sent you a message on here.

Post: Property Manager Fees in Student Housing Market

Tim G.Posted
  • Flipper/Rehabber
  • Miamisburg, OH
  • Posts 161
  • Votes 64

@Joseph Jackson Welcome from another Cincy native!

Last summer I randomly paired up to play golf with a guy that owns UC rental properties and also does property management for other people.  I think he said he had 4 properties and was managing 6 other properties.  I can pass his info on to you if you're interested in talking with him.

Post: Investing In Cincinnati (Oakley, Mt Lookout, Hyde Park)

Tim G.Posted
  • Flipper/Rehabber
  • Miamisburg, OH
  • Posts 161
  • Votes 64

I don't have a lot more details than what I provided.  His properties are in the $200k range and rents for ~$2500/mo.

Post: Investing In Cincinnati (Oakley, Mt Lookout, Hyde Park)

Tim G.Posted
  • Flipper/Rehabber
  • Miamisburg, OH
  • Posts 161
  • Votes 64

@Sean Mills  my boss owns 3 duplexes in Oakley. They cash flow pretty well.  He likes a 3bd and 2bd duplex setup.  He's not a fan of 1bd because the turnover is too high. 

His renters are 20-somethings with degrees that work downtown, making decent 1st job money and looking for place to stay in an area close to all the Cincy nightlife. 

Post: Newbie from Cincinnati

Tim G.Posted
  • Flipper/Rehabber
  • Miamisburg, OH
  • Posts 161
  • Votes 64

I think Winton Woods is a C neighborhood as well. 

Post: Accountant/CPA Needed in Cincinnati

Tim G.Posted
  • Flipper/Rehabber
  • Miamisburg, OH
  • Posts 161
  • Votes 64

@Eric S.   sent you a message.

Post: Newbie from Cincinnati

Tim G.Posted
  • Flipper/Rehabber
  • Miamisburg, OH
  • Posts 161
  • Votes 64

@Tim C. I think you will have a hard time finding 4-plex buildings in the nicer school district areas.  Nicer school district areas tend to be in the newer developed areas which have either apartment complexes or cookie cutter neighborhoods.  On the north side, I consider Mason, Lakota, Sycamore, Kings and Loveland school districts to be good.  Those are mostly A or B neighborhoods. 

Most of your multi unit buildings will be in the B or C neighborhoods on the North side.  School districts include Princeton, Mt. Healthy, Winton Woods, Hamilton, Monroe Middletown .  There are probably more, but I've never really investigated them.