Cincinnati Multi-Family strategy

[Paul Martynov]

Hi everyone!

Let me describe my situation: I moved to the U.S. from another country and feel ready to purchase my first investment property. My lender is about to prequalify me for $250-350k, and I target the Cincinnati market as I am located in LA, California, so an out-of-state investment. I have a suitable lender that can qualify me in any city or state. It seems that rent/value is favorable and easily meets the 1% rule. My questions: 

1. 2-4 units multi-family property strategy is better than buying 3 SFH in that market? What works the best?

2. Is a BRRR multi-family better than buying a decent condition one and holding it for 2 years + for refinancing?

3. Are there any B and C class safe neighborhoods to recommend? 

4. Any interesting facts about Cincinnati? What are the pros and Cons of this market? 

If you have anybody to recommend: Partners, Agents, Contractors, or PMs, I would be happy to connect! Thanks. 

[Jordan Fiore]

Price range is great and should have a good amount of inventory to choose from. Most likely 2-4 unit will be livable with tenants already in there. Most of the time they just need turned and new tenant in there to get close to market rent, depending on the class of area. I would suggest finding a brick duplex or quad if you are able to. They hold up better over time and if there is any structural issues, it is easily seen within the brick. Let me know if I can be of service.