All Forum Posts by: Valden J Ellis

Thanks for the tip on the BAH tables. I looked at the bases website.  They have plenty of money for a nice place, even the E1 with no dependents.  Ok I guess I need to call you sometime, I’m 2 hours different time zone so I don’t want to bug you tonight, but your going to have to educate me about “rental loans” 

Hi Remington, ya actually I’m really interested in Columbus too, it does look like an interesting possibility.  The up side is I could visit Columbus and Dayton on the same trip only 70 minutes away from each other. 

Ps Darrin I know you do hard money loans and I definitely have you in mind for when I hit the skids on bank loans.  

My cousin was an engineer at the base many years ago and he makes bank.  He now is at Hill air force in Utah.  so I know many guys do well.  What % of all people at the base are new recruits?  And what rent could they afford? 

Wow a 3 month wait, that’s about like south east Idaho! There just aren’t enough quality guys going into construction.  I’ve considered a ARBNB cabin in island park (by yellowstone) but my really good friend won’t be able to get to it til next spring if I pull the trigger.  

Thanks Tabitha, that could be cool!  I’ll probably be coming out as soon as I get title to the 2 homes I bought, might not be until,November as I bought them on auction.  We may be able to help each other for sure.  I’m kind of new to the forums and how this works but maybe we could IM on here and exchange phone numbers. 

Thanks Darrin good advice.  Do you find most Air Force guys can afford the rents on the $70-120 k homes?  I guess a better question is what rent range do these guys usually look for?  

Also I know Kettering and much of Huber Heights is quite nice neighborhoods, I don’t know about Fairborn, how would you describe Fairborn? 

As for my goals, I want 30 doors single family or small multi-family.  I can pay cash for now, but hope to brrrr if possible, to get my seed money back, but finding guys in Dayton to do the rehab might be hard.  I might have to send a friend from Idaho to do rehab.  Eventually I’ll run out of refinance with Freddie Mac capping at 8-10 properties and I’ll have to be more creative. 

I’m a newbie from south east Idaho.  My area is definitely appreciating, but rents are too low for the price of property.  Bought 2 single family homes in Dayton Ohio last month still in process of getting title/rehab and renters in them.  Now I am looking for a second market for diversification.  I want a great future appreciation market in an area that can at least break even if not cash flow.  Looking at Austin Texas, Charlotte North Carolina but still researching.  Would LOVE any advice from the extensive wisdom and expertise of the bigger pockets community.  Where should I look? 

I’m from Idaho Looking for buy and hold rental properties in Dayton.  Just bought my first investment properties ever a 3 bed 2 bath home in new Lebanon west of Dayton and a 3 bed 1 bath in the Shiloh area.  Just waiting to get title and rehab and find renters. Now looking for my next deal. I would love to find Dayton’s “sweet spot” for best cash flow, appreciation potential, in quality neighborhoods where tenants take good care of the property and wondered if renting to Air Force personnel might be a good strategy.  Do any of you guys with Dayton experience have any advice on this strategy?  And what sub markets would be best to focus on or steer clear of?  For instance, is Huber Heights close enough to attract air force personnel?   And are there sub markets within Fairborn that would be best, or to stay away from?   Thanks for any advice I’m a sponge for knowledge. 

Hi Monika, I’ve lived here most of my life, Blackfoot is growing and should have no trouble keeping it rented, plus property values keep going up.  If you can find a property that cash flows or even just breaks even in Blackfoot, you should buy it.  This is probably a bit late now.  Hope you bought it.  If so tell me about how it’s going, I haven’t found anything that cash flows yet and am a new investor so am now looking out of state.  

Val 

hi Keith a couple years ago you were on bigger pockets  looking for a good property management company in Dayton, did you end up finding one?  And if so would you be so kind as to share?   Thanks 

Val Ellis