Updated over 7 years ago on . Most recent reply
Advice For an Out of State Investor Buying in Ohio
I've been studying real estate opportunities for a little over a year now. I understand the vocabulary, but I'm looking to dive in. Currently looking for a triplex or small apartment building around the Dayton area in Ohio, preferably closer to Wright Patterson AFB. I am however, open to comparable comps. I am a first time investor and I would be an out of state investor. I know this is a rookie post, but any advice or guidance is greatly appreciated.
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@Lane Kawaoka Overall, this is a stable rental market with slow rent increases (lots of supply). I've generally pushed rents up about 5% to 7% from last year, but didn't get much increase for a couple years before that. if I do appearance and energy upgrades I get superior rent for the neighborhood.
The precise location of your building will impact your ability to increase rent.