Turnkey Investing In Cincinnati Area

Cincinnati, OH · Member since 2018 · 11 posts · 3 votes

Hi everybody!

One of the strategies I was looking at doing for my first property was a turnkey property. Do you guys have any knowledge on if it's a good strategy for the Cincinnati area and if it is, who are some people who specialize in it? Thanks!

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Marc RiceBusiness Member

Real Estate Agent · Columbus Cleveland Dayton, OH · Member since 2018 · 2k+ posts · 1k+ votes

If you need any help learning more about the Columbus, Ohio market we help investors find 6-9% cap turnkey commercial apartments in A-B neighborhoods.

Best of luck Roderick!

Marc Rice

Forty North Realty Group | www.FortyNorthRealty.com

[email protected]614-363-2787

Marc Rice | Investor Friendly Agent at Reafco Tailwind Team574 Reviews

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Corey Mason
Investor · Cincinnati, OH · Member since 2017 · 12 posts · 6 votes
7y
@Roderick Mills Jr.
It really depends on what you want to do and what resources you have at hand. Turnkey properties require little to no CAPX upon purchase which in return leads to a high purchase price but not necessarily less headache. Cincinnati is predominately a Class C market with most of the inventory being 30 years old or older. The opportunity in this market is value add BUT there are always exceptions if you look hard enough. Cash flow may not be as strong for turnkey depending on how much you pay for the property.. on the other side of the coin rents should produce a higher premium per month...
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Larry Fried
Investor/RE Broker · Eugene, OR · Member since 2014 · 3k+ posts · 968 votes
7y
Yes, again it depends on your goals and capacities as an investor, including how active or passive you want to be. It also depends on who you work with as the provider team. I know of a good one there in the area, but they have quite a waiting list for properties.
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Sean Tarpenning
Turnkey Investment Provider · Kansas City, MO · Member since 2015 · 1k+ posts · 116 votes
7y
We're in Cincinnati, it's a great market!
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Roderick Mills Jr.
OP
Cincinnati, OH · Member since 2018 · 11 posts · 3 votes
7y
@Corey Mason thank you Corey for the detailed explanation! Some of the info you shared I wasn't aware of so I feel like I have a much better understanding of it now.
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Roderick Mills Jr.
OP
Cincinnati, OH · Member since 2018 · 11 posts · 3 votes
7y
@Larry Fried thanks for responding Larry! Could you DM me the name of the provider you're familiar with?
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James Wise
Real Estate Broker · Cleveland Dayton Cincinnati Toledo Columbus & Akron, OH · Member since 2013 · 31k+ posts · 20k+ votes
7y
Originally posted by @Roderick Mills Jr.:

Hi everybody!
One of the strategies I was looking at doing for my first property was a turnkey property. Do you guys have any knowledge on if it's a good strategy for the Cincinnati area and if it is, who are some people who specialize in it? Thanks!
Pretty cost effective market. Are you local to it? It's not so much Turnkey vs Total Rehab. Remember a house is a house is a house. In a market like Cinci it's really as simple as hiring a Realtor who works for a Property Management company & buying a decent house off of the MLS. Perhaps something that could use some cosmetic upgrades or even something that doesn't.
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Roderick Mills Jr.
OP
Cincinnati, OH · Member since 2018 · 11 posts · 3 votes
7y
@James Wise I live in Cincinnati but because I play professional basketball in Europe I am out of the country for 8-9 months out of the year. But it could be as easy as doing what you mentioned to get going.
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James Wise
Real Estate Broker · Cleveland Dayton Cincinnati Toledo Columbus & Akron, OH · Member since 2013 · 31k+ posts · 20k+ votes
7y
Originally posted by @Roderick Mills Jr.:

@James Wise I live in Cincinnati but because I play professional basketball in Europe I am out of the country for 8-9 months out of the year. But it could be as easy as doing what you mentioned to get going.
Yea give it a go. What team do you play for in Europe? You guys looking to offer Melo a roster spot?
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Roderick Mills Jr.
OP
Cincinnati, OH · Member since 2018 · 11 posts · 3 votes
7y
@James Wise BC Titebi. And haha I don't think Melo is going to want to come all the way out here.
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James Wise
Real Estate Broker · Cleveland Dayton Cincinnati Toledo Columbus & Akron, OH · Member since 2013 · 31k+ posts · 20k+ votes
7y
Originally posted by @Roderick Mills Jr.:

@James Wise BC Titebi. And haha I don't think Melo is going to want to come all the way out here.
Lol he didn't wanna come off the bench either....
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Marc RiceBusiness Member
Real Estate Agent · Columbus Cleveland Dayton, OH · Member since 2018 · 2k+ posts · 1k+ votes
7y
If you need any help learning more about the Columbus, Ohio market we help investors find 6-9% cap turnkey commercial apartments in A-B neighborhoods.
Best of luck Roderick!
Marc Rice
Forty North Realty Group | www.FortyNorthRealty.com
[email protected]614-363-2787
Marc Rice | Investor Friendly Agent at Reafco Tailwind Team574 Reviews
Website View Page
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