I am a new investor and have been interested in Ohio for my first rental property( Single Family Homes). I am currently looking into Dayton and Columbus, mainly Dayton. Im looking to learn about your experiences investing in both areas and also if anyone has any recommendations on Real Estate agents in those areas.
Look for forward to connecting with everyone!
@Michael Roloff that’s awesome man! Congrats on taking the first steps into real estate investing!
I’ve helped plenty of investors both in state and out of state. I’d be more than happy to have a conversation with you about the Dayton real estate market with you... PM on its way.
@Michael Roloff congrats! I'm here in wonderful columbus, shoot any questions you may have.
Welcome to Bigger Pockets. This is a great place to make connections.
I moved to Ohio 14 years ago and only stay because of the RE. I now live in Dayton and invest here as well. I think you made a GREAT choice. If you want to talk shop let me know
Welcome! you are in such a great market! let me know if you have any questions.
Welcome to Bigger Pockets Michael. I'm from of Columbus Ohio and I lived in Los Angeles for five years while working on Montana Avenue in Santa Monica. I have invested in properties in California, Chicago, New York City and Columbus Ohio. Building a local team is important, always happy to assist.
Welcome @Michael Roloff we really don't work much in the SFR market, but always game to talk shop...Dayton is a great spot...it's just one of those cities that has been through the ringer and now looks to be coming about...fun to watch. And Columbus is an awesome place to be...it's hard to comprehend what's happening here...
If you want some free data on the Columbus market visit Columbus 2020...fantastic resource
@Michael Roloff Find the best property manager 1st and buy in their coverage area. Since the property manager will be top notch they should hold your hand (in addition to your agent you might work with) thru the purchase and inspection process even if just from an adversarial standpoint. A quality PM will not want you to make buying mistakes that will become their issue later so they will spend extra time up front going for a win/win. Not to mention a good property manager knows the territory well.
Hi Michael, I really agree with Mark. I am a property manager in the Dayton OH area. I have walked through properties that out of state investors were interested in. Of course it was "a great deal" by the seller. After my walk through I would send the photos to the investor to look over. Then we talked about it. What is the estimate of the repairs, is it in a good rental area? What should the rents be? Did the investor put the right numbers on his work sheet? For instance, most management companies charge 10% management fee in the Dayton area, unless other wise negotiated. Tomorrow I am going to a multi unit to meet the property inspector for the owner. If you have any questions just let me know.
I’m also looking into Dayton, Ohio and I’m in need of someone who has their foot on the ground in the area. Would someone be willing to connect with me and share some thoughts and experiences.