All Forum Posts by: Wilson Auyeung

 Hi Wilson, I am also looking to build my portfolio in the Dayton Area.  Looking at both Multi and single fam units.  Do you have any solid resources in the area that you are ok to share?  Contractors, investment friendly agents, funding leads, etc are all welcome.

Thanks

Armand

Hi everybody, I am a UD graduate and am looking to expand my portfolio in Dayton Ohio. I am looking to network with individuals and find deals with creative finance. If you would like to learn too. I would be happy to talk to anybody as well in the area!

A quick zillow search shows you can get into a lot in Dayton for $150k or less.  Go to zillow, or your favorite search platform, and look at the properties there.  Track the prices of the properties that match what you are looking for.  If you are house hacking, budget 3-5% down; if you are purchasing as an investment property, budget 15-20% down.  Talk to a local lender about average closing costs and build that in.  Talk to a local insurance broker/agent about how to estimate insurance costs and build that in.

Wilson, every project is different and comes with it own unique set of circumstances, your budget is whatever you choose to make it. However, you need to be clear on what your real estate goals are; SFH and MFH are very different projects with very different expenses which require adequate budgets to have a decent ROI.

Regarding outdated units to cashflow, just don't expect top dollars for it or expect to have ideal tenants.

Hey everyone! Brand New investor here in Washington Court House, OH. I am 24, Photographer for PACSUN, and freelance Commercial Photographer on the side. I am in the final 2 weeks of closing on my very first investment property – turnkey duplex I will be house-hacking, as well as transitioning from LTRs to MTRs! – thank you Zeona McIntyre and Sarah Weaver for this inspo.

Looking forward to connecting with more people in the industry!