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Bret Halsey
  • Investor
  • Cincinnati, OH
21
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44
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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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1,375
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998
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Rob Bergeron
  • Real Estate Agent
  • Louisville, KY
998
Votes |
1,375
Posts
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.

User Stats

128
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121
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Jordan Fiore
  • Real Estate Agent
  • Cincinnati, OH
121
Votes |
128
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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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392
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266
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Tyler Lingle
  • Real Estate Broker
  • Indianapolis, IN
266
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392
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Tyler Lingle
  • Real Estate Broker
  • 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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392
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266
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Tyler Lingle
  • Real Estate Broker
  • Indianapolis, IN
266
Votes |
392
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Tyler Lingle
  • Real Estate Broker
  • 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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463
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499
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Becca F.
  • Rental Property Investor
  • San Francisco Bay Area
499
Votes |
463
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Becca F.
  • Rental Property Investor
  • San Francisco Bay Area
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! 

User Stats

830
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487
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Sam McCormack
  • Real Estate Agent
  • Cincinnati, OH
487
Votes |
830
Posts
Sam McCormack
  • Real Estate Agent
  • Cincinnati, OH
Replied Nov 21 2022, 05:08

@Tyler Lingle

Yes, Cincy is landlord friendly

User Stats

2,388
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1,011
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Kerry Noble Jr
Pro Member
  • Investor
  • Indianapolis, IN
1,011
Votes |
2,388
Posts
Kerry Noble Jr
Pro Member
  • Investor
  • Indianapolis, IN
Replied Nov 21 2022, 06:03

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

User Stats

538
Posts
431
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Bryan Blankenship
  • Investor
  • Cincinnati, OH
431
Votes |
538
Posts
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. 🙂

User Stats

105
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96
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Casey Christensen
Pro Member
  • Rental Property Investor
  • Lehi, UT
96
Votes |
105
Posts
Casey Christensen
Pro Member
  • 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. 

User Stats

271
Posts
237
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Chuck B.
  • Investor
  • Louisville, KY
237
Votes |
271
Posts
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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14
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18
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Alvin Roehr
  • Real Estate Agent
  • Cincinnati
18
Votes |
14
Posts
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.) 

I’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!

User Stats

830
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487
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Sam McCormack
  • Real Estate Agent
  • Cincinnati, OH
487
Votes |
830
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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"

User Stats

5
Posts
3
Votes
Hamid Behdad
  • Real Estate Professional
  • Los Angeles, CA
3
Votes |
5
Posts
Hamid Behdad
  • Real Estate Professional
  • Los Angeles, CA
Replied Dec 15 2023, 08:41
Quote from @Bryan Blankenship:

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. 🙂

can I get in touch with you ? im an investor from Cali looking to invest in OH , clombus , cinci or Dayton. Also open to LV ky if there's anyone interested to get on a call to show me some good deals 


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26,409
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17,747
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James Wise#3 All Forums Contributor
  • Real Estate Broker
  • Cleveland Dayton Cincinnati Toledo Columbus & Akron, OH
17,747
Votes |
26,409
Posts
James Wise#3 All Forums Contributor
  • Real Estate Broker
  • Cleveland Dayton Cincinnati Toledo Columbus & Akron, OH
Replied Dec 16 2023, 09:43
Quote from @Bret Halsey:

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.


 Welcome to Ohio playa.

User Stats

830
Posts
487
Votes
Sam McCormack
  • Real Estate Agent
  • Cincinnati, OH
487
Votes |
830
Posts
Sam McCormack
  • Real Estate Agent
  • Cincinnati, OH
Replied Dec 18 2023, 06:36
Quote from @Hamid Behdad:
Quote from @Bryan Blankenship:

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. 🙂

can I get in touch with you ? im an investor from Cali looking to invest in OH , clombus , cinci or Dayton. Also open to LV ky if there's anyone interested to get on a call to show me some good deals 



 Hey Hamid, i shot you a message

User Stats

5
Posts
3
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Hamid Behdad
  • Real Estate Professional
  • Los Angeles, CA
3
Votes |
5
Posts
Hamid Behdad
  • Real Estate Professional
  • Los Angeles, CA
Replied Jan 30 2024, 18:34
Quote from @Rob Bergeron:

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.


 Can I call you to get some help? I want to invest in that area too maybe section 8 them I live in LA CA atm 

User Stats

27
Posts
9
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Jackie Lambert
Pro Member
  • Louisville, KY
9
Votes |
27
Posts
Jackie Lambert
Pro Member
  • Louisville, KY
Replied Jan 30 2024, 18:40

My husband and I have 8 rentals in Louisville, and live here. Love it! It really is a great town with all kinds of opportunity. We love Cincy too!

User Stats

5
Posts
3
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Hamid Behdad
  • Real Estate Professional
  • Los Angeles, CA
3
Votes |
5
Posts
Hamid Behdad
  • Real Estate Professional
  • Los Angeles, CA
Replied Jan 30 2024, 19:37

who is your agent if you can refer any good agents in LV area , would be great 

User Stats

271
Posts
237
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Chuck B.
  • Investor
  • Louisville, KY
237
Votes |
271
Posts
Chuck B.
  • Investor
  • Louisville, KY
Replied Jan 31 2024, 11:19
Quote from @Hamid Behdad:

who is your agent if you can refer any good agents in LV area , would be great 

 @Rob Bergeron is a local investor friendly/savvy agent. 

User Stats

5
Posts
3
Votes
Hamid Behdad
  • Real Estate Professional
  • Los Angeles, CA
3
Votes |
5
Posts
Hamid Behdad
  • Real Estate Professional
  • Los Angeles, CA
Replied Jan 31 2024, 11:45
Quote from @Chuck B.:
Quote from @Hamid Behdad:

who is your agent if you can refer any good agents in LV area , would be great 

 @Rob Bergeron is a local investor friendly/savvy agent. 


 Thank you Chuck, I’ll give him a call. Also If you guys know any savy agents in Cinci or Dayton lmk 

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User Stats

75
Posts
67
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Tyler Everidge
  • Real Estate Agent
67
Votes |
75
Posts
Tyler Everidge
  • Real Estate Agent
Replied Jan 31 2024, 16:54

@Hamid Behdad Hey, just sent you a DM. Happy to connect!

User Stats

1,375
Posts
998
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Rob Bergeron
  • Real Estate Agent
  • Louisville, KY
998
Votes |
1,375
Posts
Rob Bergeron
  • Real Estate Agent
  • Louisville, KY
Replied Jan 31 2024, 17:08
Quote from @Chuck B.:
Quote from @Hamid Behdad:

who is your agent if you can refer any good agents in LV area , would be great 

 @Rob Bergeron is a local investor friendly/savvy agent. 


 Thanks Chuck! Had a nice talk with Hamid! 

User Stats

27
Posts
9
Votes
Jackie Lambert
Pro Member
  • Louisville, KY
9
Votes |
27
Posts
Jackie Lambert
Pro Member
  • Louisville, KY
Replied Feb 3 2024, 17:57

@Hamid Behdad I sent you my realtor’s info. She’s amazing! Definitely reach out to her. Good luck!