Brand New Investor
I’m a brand new investor currently in college and I’m looking to invest in my first rental. I’m located in the Cincinnati area. I would love to receive advice from people about what to look for and not when crunching the numbers on a potential property. Any general advice is also welcome. Thanks.
Most Popular Reply
Cincinnati seems to have a cult following among investors. I've seen a lot of pretty high-cash-flow deals, and I think the ones that make the most sense are multifamily with 2- 4 units. It is a pretty good market for high-cash-flow properties, and it may even see some appreciation. I would just stay away from deals valued at less than $130k, as you will have difficulty finding financing, as many lenders have a $100k minimum loan amount. You can buy under that limit if you plan to use all cash, and it seems to work pretty well.