All Forum Posts by: Yuk Wai Dominic Ng

Thank you very much for your insight, Lori!

Hi Bigger Pocket Fam,

I am an out of state investor and have been looking around Cincinnati for cash flow opportunities. Recently I discovered this little town across the Ohio River, Ludlow, KY. I would greatly appreciate it if any property managers, investors or RE pros who run rental properties in Ludlow could give me some pointers. 

1. I am very interested to get rent comparison data. How sought after is rental property in this town? What can a 3 bed room / 2 bath townhouse rent for in Ludlow? I would love to connect and get whatever info and connections you have to get started. 

2. Any insight into the rental market of Cincinnati vs. the south shore of the Ohio river? I am surprised to see the crime rate on the Northern Kentucky side being so low compared to Cincinnati and the school rating are also better in general. I would love to hear your thoughts about Cincinnati vs. Northern Kentucky as buy and hold investor.

3. Any thoughts about the difference between Bellevue, Covington, Dayton and Ludlow? I would love to connect with you if you have experience in any of these places.

Thanks,

Dominic

I am looking for a responsive real estate CPA who I can go to from time to time to strategize my business plan (Not just to file tax returns). I recently relocated to Indianapolis, IN and have a rental property in Ohio. My plan is to acquire more properties but I want to add an experienced accountant to my team to make sure I am getting the biggest bang for my bucks. 

What are your thoughts on having a out-of-state accountant for your real estate business? What are the advantages of having an accountant who are within the same state?

And how much do you typically pay for a real estate accountant who actually strategize with you? $500, $1000, $2000 a year? A ball park figure to help me started would be great to have! Thanks, BP community!