Awesome post Todd, huge help and I agree with a lot of your opinions with the ratings. If I may ask, what price point are you looking at for buy and hold? Most of those A/B areas seem to be way outside of what we were looking to spend.
We are aiming more for the west side of Cincinnati as it seems to be lower initial price and still has the potential to cash flow pretty well.
We live on the East side our 1 property is close by right now. I'd like to stay on the East side for convince sake like 10-15 min drive max for mgmt sake. Since I'm a year or two away from purchasing, I'm thinking in the 60-80k range. Honestly, it's a bit early but I totally agree with you on the A/B areas. I'm thinking of possibly going the SFH 2/1 or duplex route. Probably C neighborhoods that'll cash flow a little better.
Also, to be completely honest I'm very "green" on the finance side. Need to educate myself more there too. As in what banks will be looking for as I know we won't be 100% cash buyers. I'd like to bring a decent downpayment, but if rates still stay low would like to take advantage. Time will tell, I guess.
Late on this thread, but wanted to add my .02. Neighborhoods like Oakley, Mt Lookout, and Columbia Tusculum, in my opinion, are effectively permanent extensions of Hyde Park at this point. Norwood can cause confusion because, as a whole, it is MEH. But the area near Rookwood is absorbing young professionals that don't want to pay the Oakley price tag at a very fast rate. I know, I've lived in this area for 4+ years. Chipotle and Jimmy Johns are doing well in large part because of this population. I'm a believer in Pleasant Ridge, it COULD have slightly higher appreciation (relatively speaking) than Oakley and Norwood. Because Norwood and Oakley are both popping right now, particularly Oakley. People love Oakley, its brand name is really hotttttt. But Pleasant Ridge is a trending "name" around town now too, and the first phase of new bars and restaurants in Pleasant Ridge has happened. TBD if the second phase occurs, if it does, should be a nice little pop just like Norwood and Oakley. There IS a formal plan submitted to the city of Cincinnati for a redeveopment of Pleasant Ridge's core business area. I don't have the link, and I don't know its current status. However, it is worth noting that I am biased because I have purchased a single family residence there. I know that @Adam Curry likes P Ridge too.
I'm late to this as well. I agree with most data points as we own properties in 26 distinct neighborhoods in Cincinnati. We do like to look at where the money is being spent. Look at both public and private money being spent. As noted earlier, the interchange and development in Walnut Hills is real and movement has started. An area that we like because it is surrounded by good neighborhoods in Madisonville. The city has a long term plan and housing is very affordable. Granted, it is a C area, but that is where we find true value. Another area mentioned in this thread is College Hill. It is street by street and a step above North College Hill, an area that we really like. Although the theme of this thread was East Side, I would suggest that investors look at the map that @Sean Cole offered. He is one of the better wholesalers in the region (discloser: we have no relationship and have never purchased anything from him; I just know how he does business). Some really attractive deals can be found in Forest Park and even some other Northwest area neighborhoods. Cincinnati is not so large that these are too far away. I will drive an extra 15 minutes to get a much greater return.
Keep up with threads like this. I'm proud to see so much good dialogue from both Cincinnati insiders and outsiders. We love our city.
We own in Walnut Hills, Roselawn, Kennedy Heights, Silverton, Madisonville. Kennedy Heights has been the best performer for us. Actually Roselawn has been very strong as well. In C-ish neighborhoods it really varies block by block. Madisonville seems like it should be an up and comer for all the reasons cited but we have not seen it yet.
@Ben W. I think I should take that map down instead of letting all of my competition see it!
@Sean Cole , keep it up there. Everyone has that guidepost; it is what you do with the info that differentiates you.
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