Our first DEEP value add multifamily project here in Radford, VA just stabilized and refinanced out of the 12 month construction loan. 6 unit apartment building all 2x1 near Radford Campus.

Location in Cincinnati: Since you're relatively new to Cincinnati, it might be helpful to consult with a local real estate agent who has a deep understanding of the area.

You can make markets and put bids that get hit and 12-15 years from now those are the deep value buys. 

Here in VA there are a lot of very deep value or abandoned multifamily buildings.

We will remove Q3 2019 because for some reason the data on our MLS is missing some quarters of mobile home data from that year but $42,000 was the median sales price of Mobile homes sold, we hit a peak of $89,000 in Q3 2021 but have stabilized with higher rates and a real estate slow down to between 79,000-85,000 this most recent quarter.That is a 49% increase from Q4 2019 to Q3 2023, averaging it is almost 10% per year!

Eventually the markets around the country will balance out and the flow will slow.

As we all know, real estate is slow to react, so, even if interest rates drop and the presidency goes in favor of a real estate centric President it will still take some time for the market to reverse its trend.

They are slow to makes funds available for new accounts, but are very transparent about the timing.

I don't do much "creative" financing cause time is wasted dealing through gatekeepers/agents, I do my creativity usually by buying deep or making a market for someone needy.

Additionally youll want a deep bench of backups in case your regular service providers fall through.