Looking to invest in Ohio after Military Service

Looking to invest in Ohio after Military Service

Member since 2019 · 6 posts · 6 votes

Hello! My name is Rachel and my husband and I have been listening to bigger pockets for the past year or so. My husband is in the Army, and the area we are living in now is NOT a good place to invest in real estate. He has one more year until he has fulfilled his contract and then he plans to move into a civilian job. We know that we do not want to be in our current location long-term and we know that we would like to move closer to our home state of Ohio. Preferably, we would like to house hack once we move back to in Ohio in a year.

The steps we are taking now: saving for the closing cost and/or down payment (if we decide not to take advantage of the VA loan) and we are researching areas to move.

Is there anyone here who has made the transition from military life to civilian life while investing in real estate? 

Where is a good place to invest in Ohio? 

Is there anyone here who has house-hacked in Ohio and has any advice?

Thank you in advance!

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Rental Property Investor · Brooke Park Drive · Member since 2018 · 1k+ posts · 2k+ votes
6y

Real estate in Ohio now is like the gold rush in the old days so much money to be made

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  • Rental Property Investor · Greenwich, CT · Member since 2015 · 4k+ posts · 2k+ votes
    6y

    @Rachel Nocella probably worth looking in military investing and local Ohio forums.

  • Remington LymanBusiness Member
    Real Estate Agent · Columbus, OH · Member since 2017 · 6k+ posts · 7k+ votes
    6y

    @Rachel Nocella Which part of Ohio?

  • Rental Property Investor · Springfield, MO · Member since 2016 · 1k+ posts · 890 votes
    6y
    You should connect with my buddy @Matt Deboth, he invests in Ohio and is a former Marine!
  • Member since 2019 · 6 posts · 6 votes
    6y

    @Remington Lyman We are open to any part of Ohio. We grew up near Cleveland, went to school near Dayton, and have friends/family in Columbus. Any suburbs of those cities would be preferred, but we just want to be back in the state.

  • Zeke ListonBusiness Member
    Real Estate Agent · Columbus, OH · Member since 2018 · 1k+ posts · 1k+ votes
    6y

    Columbus is a great place in Ohio to invest @Rachel Nocella!

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  • Real Estate Agent · Cleveland, OH · Member since 2020 · 8 posts · 5 votes
    6y

    Cleveland (and its surroundings) are really fruitful right now. We are currently working on projects all around Cleveland and if you choose wisely, you can be successful. The key is your boots on the ground if you're not going to physically be here at all. There are plenty of people that will simply just sell you a property which isn't what you're looking for presumably. 

  • Real Estate Broker · Cleveland Dayton Cincinnati Toledo Columbus & Akron, OH · Member since 2013 · 30k+ posts · 20k+ votes
    6y
    Originally posted by @Rachel Nocella:

    Hello! My name is Rachel and my husband and I have been listening to bigger pockets for the past year or so. My husband is in the Army, and the area we are living in now is NOT a good place to invest in real estate. He has one more year until he has fulfilled his contract and then he plans to move into a civilian job. We know that we do not want to be in our current location long-term and we know that we would like to move closer to our home state of Ohio. Preferably, we would like to house hack once we move back to in Ohio in a year.

    The steps we are taking now: saving for the closing cost and/or down payment (if we decide not to take advantage of the VA loan) and we are researching areas to move.

    Is there anyone here who has made the transition from military life to civilian life while investing in real estate? 

    Where is a good place to invest in Ohio? 

    Is there anyone here who has house-hacked in Ohio and has any advice?

    Thank you in advance!

     Welcome aboard Rachel. Various markets in Ohio are popular such as Cleveland, Dayton, Toledo, Columbus and Cincinnati to name a few. Cleveland is the one I am most familiar with and so I figured you'd get some value out of reading The Ultimate Guide to Grading Cleveland Neighborhoods.

    Good luck on the move.

  • Rental Property Investor · Brooke Park Drive · Member since 2018 · 1k+ posts · 2k+ votes
    6y

    Real estate in Ohio now is like the gold rush in the old days so much money to be made

  • Real Estate Agent · Cleveland, OH · Member since 2019 · 359 posts · 295 votes
    6y

    @Rachel Nocella Cleveland is a great place but I'm a little biased on that as it's my hometown (: I house hacked a property here to get started using an FHA loan. I loved the city i lived in and I was able to make it very successful. If you can get the VA loan, definitely take advantage for a house hack! Personally i like to look for a project. If I'm going to live in it, I can do remodel projects on my own time to make it better for myself and also add value, win win. Good luck to you!

  • Member since 2019 · 6 posts · 6 votes
    6y

    @Zeke Liston Thanks for your response! We are definitely interested in Columbus. What part of Columbus?

  • Member since 2019 · 6 posts · 6 votes
    6y

    @Rich Ganim We are leaning towards Cleveland with the recent increase in healthcare resources. We are interested in house hacking around the Cleveland area. What Cleveland suburbs would you say have been the most fruitful for house hacking?

  • Member since 2019 · 6 posts · 6 votes
    6y

    @James Wise Thank you for the information on Grading Cleveland Neighborhoods. We are originally from the South-West side, but a little too far from Cleveland to consider house-hacking in our hometown. Would you say the West or East side is more house-hacking friendly?

  • Member since 2019 · 6 posts · 6 votes
    6y

    @Account Closed Yes, we are thinking along the same lines! We would like to find a place to do a live in, do a little remodeling to add value (and increase our experience) and rent out the other side. We are planning on using the VA loan to get us started. :)

  • Remington LymanBusiness Member
    Real Estate Agent · Columbus, OH · Member since 2017 · 6k+ posts · 7k+ votes
    6y
    Originally posted by @Rachel Nocella:

    @Zeke Liston Thanks for your response! We are definitely interested in Columbus. What part of Columbus?

    Any part of Columbus can be solid. It just comes down to what your investment strategy is.

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