Dayton Ohio REI Trouble

[Mack Lev]

thanks in advance for the replies to everyone at BP. 

So recently I've brought 2 duplexes in Dayton OH as a newbie investor (22yrs old, w/ decent salary).

It's funny because when I see forums specifically talking about Dayton I always start regret it but there's always a silver lining and I need advice on how to weigh those options.

To simplify it:

Duplex 1

$24000 ; 

$4500 down; 

5% interest over 5 yrs

$5-6k complete rental rehab

Duplex #2

$32000

Bought outright from financed HELOC on primary home > 15yr loan

Major curb appeal

Very minimal rehab required 

I make about $30k living with my mother handling this out of state investing as rookie, and as expected it is hard but I'm keeping my head high and pushing. 

My strategy was to fix up all units to make them rental ready, try to make back the profits from renting, and then eventually sell to  purchase something more closer.

Since Dayton OH market is depressed would you guys suggest even putting the money in for a rehab and possibly flip with tenants or just selling ASAP without rehab or realtor help, get back what I can and get out of Ohio. Because I've seen some of the BP old heads really bash Ohio REI and I just want some educated advice.

So rehab/flip? Rehab/rent? Or sell ASAP no rehab and invest in my area (Houston TX)?

Please share your thoughts. Thanks 

Mack

[Darrin Carey]

@Mack Lev the Dayton market is currently in an upswing. However, there are specific neighborhoods that are doing better and worse. Depending on where your properties are, you can have two very different results.

If those properties are in the right area, those could be great deals. If they're in the wrong area, you may have overpaid.

They're duplexes, so your primary target will be investors. Getting all the units rented will make them more attractive.

Since you're out of town, getting a good property manager on board will be critical.

Give me a shout if you want to discuss. I'll connect you up with some people who can help.