General Real Estate Investing

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Bret Halsey
  • Investor
  • Cincinnati, OH
17
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28
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Columbus, Cincinnati, Louisville, Indianapolis Triangle

Bret Halsey
  • Investor
  • Cincinnati, OH
Posted Nov 19 2022, 07:26

Hello all, I just moved to Ohio from Utah and was surprised at how many great real estate markets there are nearby! I've walked a couple properties right near me, but I'm curious if other investors in this region have a preference for one of these markets even if it's not the closest to them and why. I'm planning on getting into a couple flips and BRRR opportunities over the next year and am considering days on market, median sale price, rent potential, and landlord friendliness. Would love to hear the different reasons people have for investing where they do and their experiences.

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Rob Bergeron
  • Real Estate Agent
  • Louisville, KY
863
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1,162
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Rob Bergeron
  • Real Estate Agent
  • Louisville, KY
Replied Nov 20 2022, 06:54

We invest in Louisville and areas near lakes. We are looking to get a STR in Northern Kentucky or Over The Rhine. My sister lives in Columbus, all great markets! Can't go wrong! Happy to show you around if you visit Louisville.

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Jordan Fiore
  • Real Estate Agent
  • Cincinnati, OH
103
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94
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Jordan Fiore
  • Real Estate Agent
  • Cincinnati, OH
Replied Nov 20 2022, 07:22

I am a little biased but these areas are hidden gems. A lot of growth and developments happening here in Cincinnati. I work with multiple out of state investors that are looking to get started here. I think a lot more people are seeing the potential of branching out from the major cities(New York, LA, etc.) 

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Tyler Lingle
  • Real Estate Agent
  • Indianapolis, IN
149
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281
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Tyler Lingle
  • Real Estate Agent
  • Indianapolis, IN
Replied Nov 20 2022, 11:08

The (growing) Midwest cities are no joke! Solid cash flow, appreciation not to scoff at, and less risk during economic downturns. I invest primarily in Indianapolis. I have 2 LTR and 1 STR currently. I think one should invest where they know best and have the best connections. It's hard to quantify that factor. I do think Indy is very landlord friendly (tenants almost always pay utilities, no pay no stay, lax STR regulations), which helps. It may be the same in Cinci. I'm not sure.

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Replied Nov 20 2022, 11:35

Jordan Fiore is correct. The greater Cincinnati area is a hidden gem. The NKY and OH River Cities have incredible potential. I work with an investor who was originally investing in Miami, but has bought 7 investment properties in NKY in the past year. 

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Tyler Lingle
  • Real Estate Agent
  • Indianapolis, IN
149
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281
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Tyler Lingle
  • Real Estate Agent
  • Indianapolis, IN
Replied Nov 20 2022, 11:39

@Rachelle Wilson Which neighborhoods of NKY? 

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Replied Nov 20 2022, 11:55
Quote from @Tyler Lingle:

@Rachelle Wilson Which neighborhoods of NKY? 


 The River cities in NKY would be Ludlow, Covington, Newport, Bellevue and Dayton. Check out https://linknky.com/. They cover articles related to new businesses/developments in the NKY River Cities. 

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108
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Becca F.
  • Rental Property Investor
  • San Francisco
53
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108
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Becca F.
  • Rental Property Investor
  • San Francisco
Replied Nov 20 2022, 12:13

@Bret Halsey

I'm a California investor but I won't be buying anymore properties in the San Francisco Bay Area for the foreseeable future (I have 2 properties here). The price points are way too high now for me to get a positive cash flow unless I wait years. It doesn't make sense be in a -$800 a month (at best) while paying a huge monthly payment with high property taxes. The tech companies here are laying people off or not hiring (the six figure earners who can afford the $3000 1 bedroom apartment to $6000 rental house payments) so that doesn't sound good to me financially. And I definitely can't afford to buy a multi-unit building here. 


I'm looking in the Midwest, primarily Indianapolis metro area (I have a SFH rental there), maybe Ohio. My property manager charges 10% management fee (range is 8 to 12% Indianapolis area). He screens the tenants and writes up the lease. If you're local you might be able to manage your own properties. I manage one of my California properties (I know the tenants personally so they're unlikely to cause me problems) but an attorney has to review my lease. I also looked briefly at Utah and Colorado - prices are a bit high but still reasonable compared to California. I think the Midwest is a solid rental market. Good luck! 

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Sam McCormack
  • Real Estate Agent
  • Cincinnati, OH
156
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279
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Sam McCormack
  • Real Estate Agent
  • Cincinnati, OH
Replied Nov 21 2022, 05:08

@Tyler Lingle

Yes, Cincy is landlord friendly

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Kerry Noble Jr
  • Investor
  • Indianapolis, IN
662
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1,573
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Kerry Noble Jr
  • Investor
  • Indianapolis, IN
Replied Nov 21 2022, 06:03

Im in Indy....open to connect with anyone interested in the area

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Bryan Blankenship
  • Investor
  • Cincinnati, OH
432
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538
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Bryan Blankenship
  • Investor
  • Cincinnati, OH
Replied Nov 22 2022, 12:04

I have been active in both the Cincinnati and Dayton metropolitans for almost TWENTY years!  We have been a hidden gem for quite some time and the secret is not as well kept as it used to be LOL!  

I work with clients from more developed areas of the country all the time that are looking for better ROI without the same bulk of capital the big markets require just to get started. I just sold 4 units to one of my best out-of-state buyers last week. šŸ™‚

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Casey Christensen
  • Rental Property Investor
  • Lehi, UT
95
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102
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Casey Christensen
  • Rental Property Investor
  • Lehi, UT
Replied Nov 22 2022, 15:20

@Bret Halsey I am from Utah, but I own 3 duplexes in Columbus. It is a great market. If you are looking for a good agent I recommend @Remington Lyman and his team. He has been instrumental in my success there. 

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Chuck B.
  • Investor
  • Louisville, KY
218
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250
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Chuck B.
  • Investor
  • Louisville, KY
Replied Nov 23 2022, 08:44

Louisville KY remains a great cash flow market with slow but steady appreciation.

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Alvin Roehr
  • Real Estate Agent
  • Cincinnati
16
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12
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Alvin Roehr
  • Real Estate Agent
  • Cincinnati
Replied Nov 27 2022, 08:41
Quote from @Jordan Fiore:

I am a little biased but these areas are hidden gems. A lot of growth and developments happening here in Cincinnati. I work with multiple out of state investors that are looking to get started here. I think a lot more people are seeing the potential of branching out from the major cities(New York, LA, etc.) 

Iā€™d have to agree with Jordan, the Cincinnati market has been booming the past few years, great prices for investors, and tons of great locations all over the city! Lots of great multi units also!

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Sam McCormack
  • Real Estate Agent
  • Cincinnati, OH
156
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279
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Sam McCormack
  • Real Estate Agent
  • Cincinnati, OH
Replied Nov 28 2022, 05:04

Haha, I just looked at the subject and it names 4 cities and says "triangle"