I am a new investor and I would like to know you opinion on WestWood neighborhood In the part that’s close to Cheviot.
If anyone works there I would like to get the general information about the area and your rank of the place for investors .
I would not invest in this area unless I found a home run deal. The west side in general is heading in the wrong direction. And you're seeing some of the people who have been pushed out of OTR (historically the most dangerous area in the city) moving to Westwood and surrounding areas.
For the most part I would feel comfortable investing in Westwood area and have sold properties to other investors there. It has C and B- areas. With a lot of out of state investors funneling money into the Cincinnati area prices are up and good on market deals are hard to find or get snatched up quick.
Paul thank you for your replay.
I have a friend that bought a house in Westwood 1.5 years ago (in hoadly ct street) and I am trying to understand where to focus.
If I am looking for SFH in 50-70K$ , with a C-class citizens areas- Is Cheviot a good place to start? Or to go more east along Harrison ave ?
Thanks for your kindly advice,
I would prioritize being close to the intersection of Hamilton and Montana. I focus my attention on complete neighborhoods with at least a small business and entertainment district. Westwood has this as well as the support of the mayor funneling money into some projects near the intersection I mentioned. I respectfully disagree in part with Kris. The mechanism of movement he mentions is happening, but I see it being concentrated more in the Price Hill area. I know several families that are happy in Cheviot.
Mt. Airy Forest abuts some properties and is a huge resource for recreation and quality of life. Walk-able-ish business district plus huge urban forest is a recipe for happy residents and long term stability.
@Paz Yaacoby Westwood is the biggest neighborhood in cincincinnati by 3x in terms of geography. So yes, there are some parts that are D-F, primarily east Westwood towards south Fairmont.
However, the western half they borders Cheviot, and everything west of Werk/Harrisonc intersection is C-B and getting hot. I have multiple friends who’ve moved back from Austin, Nashville, Bay Area, and have chosen to buy in WW instead of Oakley, Hyde Park, etc... beautiful homes with big yards, while being in the “city”. Westwood Brewery is killing it, Nation Kitchen and Bar just received their approvals for their 2nd location in the old firehouse.
WW is the quintessential neighborhood for the “be weary of the Midwest, it’s very street to street.” The people that flat tell you don’t buy in Westwood it’s a war zone or over generalize and say the entire west side is going the wrong direction, they wrong..... and just know the area tangentially. I’d very much recommend you pay the area a visit and see for yourself.... maybe we can grab a beer at the Westside Brewery.
Also, @Paz Yaacoby we have a monthly meetup in Cincy where some of the commenters here attend. Great place to learn and network, feel free to stop in, or not, but at least you're aware of it now https://www.biggerpockets.com/forums/521/topics/678969-cincinnati-meet-up-successful-house-flipping-in-cincinnati
Curious what everyone’s thoughts are on Delhi and Bridgetown? Good place to invest in SFHs?
Guys thanks a lot for your opinion on the area!
I am really appreciate it!!!
I am a foreigner investor and planning to come visit Cincinnati in the summer (and have my first rental property by than).
I will continue follow all of you!
Thanks a lot,