I am interested in wholesaling outside of my area and have family in Dayton, OH. Is this a good area to invest in?
It can be, but you've got to be careful. I just saw a statistic that both Dayton and nearby Cincinnati are in the top 10 in the USA in regards to drug abuse. What that translates to to you is a bunch of distressed neighborhoods with a very difficult tenant base.
I've made millions investing in distressed housing, but I also see investors lose their shirt doing the same day in and day out. You've got to prepare yourself for what you're about to get into.
I am interested in wholesaling outside of my area and have family in Dayton, OH. Is this a good area to invest in?
It can be, but you've got to be careful. I just saw a statistic that both Dayton and nearby Cincinnati are in the top 10 in the USA in regards to drug abuse. What that translates to to you is a bunch of distressed neighborhoods with a very difficult tenant base.
I've made millions investing in distressed housing, but I also see investors lose their shirt doing the same day in and day out. You've got to prepare yourself for what you're about to get into.
That is great advice, thanks. It doesn't seem all that different from New Orleans, where I am. Do you know which areas within Dayton/Cinncinnati would be good places to start looking and which to avoid?
I am interested in wholesaling outside of my area and have family in Dayton, OH. Is this a good area to invest in?
It can be, but you've got to be careful. I just saw a statistic that both Dayton and nearby Cincinnati are in the top 10 in the USA in regards to drug abuse. What that translates to to you is a bunch of distressed neighborhoods with a very difficult tenant base.
I've made millions investing in distressed housing, but I also see investors lose their shirt doing the same day in and day out. You've got to prepare yourself for what you're about to get into.
That is great advice, thanks. It doesn't seem all that different from New Orleans, where I am. Do you know which areas within Dayton/Cinncinnati would be good places to start looking and which to avoid?
For long term buy & holds I'd say you want to target C-ish type neighborhoods using Section 8.
For wholesaling I suppose it doesn't really matter so long as you are properly understanding your comps. Where a lot of people get jammed up is when they comp out a deal and are way off on their valuation because they don't understand their comps.