All Forum Posts by: Bryan Blankenship

@Joff Pedretti Great first deal! You learn SO much the first time around. You keep learning with each deal, and I don't think you ever really hit the point where you sit back and say, "Gee, I know everything there is to know about real estate, investing, and rehabbing!" :)

Even after 17 years of doing it, I'm constantly refining and adjusting and learning. There's always new technology, new techniques, new materials, new everything. Keep that ball rolling, sir!

@Rickey Miller Jr I'm still seeing a lot of demand and movement here in the Cinci/Dayton region for multifamilies. Every time I get a duplex or quad, I have a dozen people knocking down the door for it. With that being said, I have also seen a lot of people pull back for the time being. I did extremely well in the last recession, so either way, I'm not the least bit concerned. :)

@Dalton Wilson What Eric said. You have to know the neighborhood SUPER well. I invest heavily in Dayton and the southern suburbs because I've lived here most of my life and know what I'm buying and exactly where I'm buying it. Beavercreek, Kettering, Miamisburg, Springboro, etc are solid for the most part. I have a really high end rental in Dayton that rents for nearly $3k/month.

We do a lot of Turnkey properties up there, too. Sold a 4-pack in Huber Heights not too long ago and they're doing extremely well. We have given quite a few tours to out-of-town clients, and the resounding feedback is always about how surprised they are at the difference in areas/neighborhoods.

@Jourdan Johnson Hm, Toledo area. Hmmm. I'm content to stick with Cincinnati and Dayton, with a foray into Columbus now and then. :)

@Luis Pineda Welcome aboard, sir! You've come to the right place LOL. There's a wealth of information and resources here!

As for investing OOS, you'll find that most of the Midwest is a solid bet. KC, Indy, Ohio, etc. Lower barrier of entry financially and you can still get a great property not in the slums. Property management is KEY, though. That can very easily, and very quickly, make or break you and your investment. Do your due diligence up front and you'll do very well.

Best of luck to you! :)

@Hud Malik Welcome aboard, sir! It's great that you're taking advantage of the time you have right now to dive in and learn more about getting in RE investing, that's a silver lining :)

There is a wealth of resources here, of course, so learn and listen all you can. Rentals are the way to go for long-term investing, and they're fairly insulated from the market at-large, which is GREAT.

Best of luck, and I can't wait to read about your first deal!

@Algerson Andre Welcome aboard, sir! As you've already seen, there are a ton of great resources here for you! Don't be afraid to dive in, but also make sure you always do any due diligence needed before taking on a deal.

MF are a great buy-and-hold option. Just make sure you have solid property management on the ground, and that you've set aside enough for maintenance/repair/vacancy expenses. :)

@Sean Ybarra Yup, totally agree, thanks! I guess I wasn't very clear in my initial post, and I apologize for that. When I asked about marketing methods, I meant finding and putting together a list. I probably should have just said, "where and how do I find them?" :)

Hey everyone!

I'll keep this short and sweet (rare for me, I know LOL). We have a LOT of new properties coming in, and we frequently work with 1031 buyers, but they come to us passively instead of us having to actively look for them. Some of these properties are packs of SFRs, some are single SFRs, some multifamilies, some 15-20 unit apartment buildings.

What better way is there to target these types of buyers specifically? What methods of marketing, channels, forums, etc, would work best?

@Austin Steed The way you mention it isn't how our county works (or any local area down here). There are base rates just for owning a home, but value doubling doesn't double actual tax. As an example, sold a home over 18 months ago to a client for $105K. Tax base rate is still $40K today!

Even if there is an increase at their 3yr review period, it's almost NEVER to the last sales price as those can be artificial in dozens of ways. One huge way is if you buy a package of properties, the sales price will record against the ENTIRE book of properties, e.g., 5 properties at $100K each equals a $500K sale and that will show up on each of the 5 properties. Thus, they do not use that, they use their own internal metrics and methods, a drive by appraisal every 3 yrs which means they don't know interior condition (good or bad), so they grade it based on average comps in the area which include distressed sales, etc.

Just how our local areas work :)