Relocating to Cincinnati, looking for Multifamily Home

6 Replies

Hello All,

My name is Kristina Murray, and I am planning to relocate to the Cincinnati area from Los Angeles. I am looking to purchase a 2-4 Family Unit, with a max cost of 200k (FHA Loan). I am hoping to gain insights regarding different cash flowing neighborhoods, decent markets, and any other suggestions in regards to finding a multifamily home. This will be my first property and my first step in becoming a real-estate investor. I see that there is information from a year or two ago, but I just want to discuss any current changes, or suggestions in regards to the Cincinnati area. All feedback is welcomed and thank you for your help!

Hi Kristina, Welcome to Cincinnati. Here's some info. you might find helpful. 

https://www.marketwatch.com/amp/story/guid/CA43F6CC-769F-11E9-8F6D-5F838F9C331D

https://youtu.be/8SHPzcx596A

Welcome to Cincinnati! (2017)youtu.beThere's a lot Cincinnati can do. Excellent meeting facilities, a great attendee experience and a hospitality community that can deliver. To learn more about ...

Recent article about Cincinnati:


https://urldefense.proofpoint.com/v2/url?u=http-3A__c.bizjournals.com_ct_e_265546871_ODUyMDI4NzE6OjA&d=DwMBaQ&c=fie8CffxQEyLNW7eyn-hJg&r=IlJlcrGTkYct4O0noio_45mTQ18L7QtF-_QtkIkDrPA&m=RaHdHOIxcIe3W_6-Fq__fI19VmcGlhmHkkR19ysp2x8&s=RID-PlWfkiKH2fdcsvdmNX80HUmrlvHCENdmNoqkUBs&e=

Another recent article: Cincinnati is the fastest-growing major city in Midwest


Check out this story on cincinnati.com: https://urldefense.proofpoint.com/v2/url?u=http-3A__cin.ci_2ADgx3s&d=DwICaQ&c=fie8CffxQEyLNW7eyn-hJg&r=IlJlcrGTkYct4O0noio_45mTQ18L7QtF-_QtkIkDrPA&m=M_XgjFLPSBA0KKCWQ2dvti_EvnEFp5z9qQvjupUQHws&s=-bt__seberdB73tjqVrYhVFnKY4-4ewICMK9CIUbem8&e=

Cincinnati Apartment Rent Growth Accelerates - MPF Research

https://www.realpage.com/mpf-research/cincinnati-apartment-rent-growth-accelerates/#.WYFM8Q1gwEQ.gmail

Here's a few resources for getting information on particular communities within Cincinnati.

Breaks down into smaller communities: http://www.apartments.com/local/cincinnati-oh

This one also has a Community Profiles tab in the upper right corner : http://www.sunraydirect.com/Cincinnati3/CBWSKFredendall/


Search crime rates of individual areas, or by zip code: http://www.neighborhoodscout.com/oh/cincinnati/crime/


The links below will take you to a lot of good information about Cincinnati. Also see below that, for a few articles about Cincinnati.
Just want to briefly explain what we can do for you. I am primarily a Buyers agent. I have an ABR designation (Accredited Buyers Representative). I specialize in representing buyers, like yourself, that are interested in purchasing real estate in the Greater Cincinnati area, at no cost to you. As such I act as your eyes, ears, and information center to keep you informed and updated on properties that may be of interest. Please call or email me with any questions or concerns.
    • The Cincinnati MSA is home to the headquarters to 10 Fortune 500 companies including Procter and Gamble, Kroger, Federated Department Stores (Macy' s), Fifth Third Bank, and Western Southern Insurance. Cincinnati is primarily a financial center and its economy is not nearly as driven by manufacturing as other cities in the region. Its MSA is the 28th largest in the nation (2.2 million residents) and grew at a rate of 8.1% from 2000 2010.
Cincinnati is home to two major sports teams, the Cincinnati Reds, the oldest franchise in Major League Baseball, and the Cincinnati Bengals of the National Football League. The University of Cincinnati, founded in 1819, is one of the 50 largest in the United States. Cincinnati is known for its historic architecture. The city has an outer-belt, Interstate 275 (which is the longest circle highway in the country) and a spur, Interstate 471, to Kentucky. It is also served by Interstate 71, Interstate 74, Interstate 75 and numerous U.S. highways: US 22, US 25, US 27, US 42, US 50, US 52, and US 127.
See links below:
. Whether you are relocating or live in Cincinnati, Ohio...this is a great resource. It also has community breakdownshttp://www.sunraydirect.com/Cincinnati3/CBWSKFredendall/

: Here's a link for more detailed informationwww.choosecincy.com
Breaks Greater Cincinnati down into smaller communities: http://www.apartments.com/local/cincinnati-oh

4/2015 article:

http://urbn.cc/p5my

This ones like a short commercial:

https://www.youtube.com/watch?v=KJfcf1n21Ig

Cincinnati has been named one of the Top 10 Best Places to Retire by !Livability.com
is a national website that ranks quality of life and travel amenities of America’s small and mid-sized cities. Cincinnati was named one of theLivavility.comTop 10 Best Places to Retire.
For this list of the best places to retire, editors pulled data used to determine the Top 100 Best Places to LiveLivability.com. Editors identified cities with creative atmospheres, excellent healthcare, lots of art and entertainment venues, high levels of social engagement, great parks and other outdoor amenities along with a relatively low cost of living.“If the only factor in your retirement planning is playing golf on a daily basis, your choices are pretty clear,” says Matt Carmichael, Editor. “But for everyone else, we wanted to put together a list of great cities that have more to offer than green grass and easy tee times. Not everyone moves when they retire, but for those who do, here are 10 cities and towns to consider.”Livability.comCincinnati was chosen because the city exposes older adults to new experiences – keeping them active, engaged, healthy and inspired. The city offers a host of quality of life amenities appealing to seniors – from arts and cultural activities, outdoor recreation opportunities, top-notch medical facilities to economic assets, such as continuing education and lower cost of living.Previously, Cincinnati was the only city in Ohio that was included on the top 100 places to live list compiled by .Livability.com

COUNTY AUDITORS
Butler County www.butlercountyohio.org AND http://maps.butlercountyohio.orgClermont County www.clermontauditorrealestate.orgHamilton County www.hamiltoncountyauditor.org AND www.cagis.hamilton-co.orgWarren County www.co.warren.oh.us/Auditor

Cincinnati is also a regional hub for education with nearly 20 institutions of higher learning located nearby.

The University of Cincinnati, with more than 42,000 students is one of the metro's biggest employers.

Major Employers:

Kroger Co.

University of Cincinnati

Proctor & Gamble

Cincinnati Children's Hospital Medical Center

Health Alliance Greater Cincinnati Inc.

TriHealth Inc.

Wal-Mart Stores Inc.

Mercy Health Partners

Fifth Third Bank

GE Aviation

Educational attainment in the region exceeds the national average, with over 87 percent of all adults

having completed high school compared with 85 percent nationally. Slightly more than 28 percent of

local residents have attained a bachelor's degree, with more than 10 percent having gone on to earn a

graduate or professional degree. The median household income in the metro, at

$55,100 per year, is above the national median. Higher incomes and affordable home prices have increased the

homeownership rate in the area to over 60 percent. The median price of homes in Cincinnati stands at

$127,600, well below the national median.

Quality Of Life

Cincinnati offers a wide range of cultural and entertainment activities. The Cincinnati Symphony

Orchestra is one of the country’s finest orchestras. Riverbend, an outdoor concert facility located on the banks of the Ohio River, provides entertainment throughout the summer. The city also boasts a summer opera program, a world-famous zoo and botanical garden, a planetarium, and a ballet company. More than 100 museums and galleries are located throughout the region.

There are several entertainment corridors, including Mount Adams and the expanding Main Street district, w

here numerous restaurants and clubs can be found. For the sports enthusiast, Cincinnati offers professional baseball, football, hockey, soccer, tennis, volleyball, car racing and horse racing. In addition, there are many golf courses and parks. Two amusement parks are within a short distance of the city, and skiing is

available at Perfect North Slopes 30 minutes from downtown Cincinnati in Indiana.

A number of universities have main campuses in the area, including the University of Cincinnati, Xavier

University and Northern Kentucky University. Miami University is located in nearby Oxford.
. Whether you are relocating or live in Cincinnati, Ohio...this is a great resource. It also has community breakdownshttp://www.sunraydirect.com/Cincinnati3/CBWSKFredendall/

:

Here's a link for more detailed informationwww.choosecincy.com
This ones like a short commercial: https://www.youtube.com/watch?v=KJfcf1n21Ig

@Kristina Murray welcome to the queen city! I think most neighborhoods in cincinnati are improving at the moment so plenty of opportunity. As you may know already, Cincinnati is very street to street so a boots on the ground opinion is essential. If you have any questions on specific areas of town ask away! I am a general contractor for investors looking to do the BRRRR strategy in Cincinnati. I am most familiar with East Price Hill, Lockland, Reading, Pleasant Ridge, Green Township, Bridgetown, Cheviot, and Wyoming.

Also be sure to go to the local mastermind Joe Fairless holds. PM me if you want more details on that!

Welcome Kristina!  You may want to talk to my wife Becky Tucker. She’s an agent with Keller Williams and is always happy to talk to folks just starting out in our market.  She grew up in Cincy so knows the area well.  We have owned in Norwood and currently have a rental in Finneytown.  Send me a colleague request and I can send you her contact info if you’d like... Dale

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