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All Forum Posts by: Craig H.

Craig H. has started 20 posts and replied 204 times.

Congrats on the appreciation.  Best of luck in your search in Cincinnati.  An east side neighborhood where I invest, the prices on the last few deals I've been looking at have been outrageous.  An outdated 3 family sold for $203,000 (I bought a 5 unit for $149,000 in 2015 2 streets over) and a 4 family that rents for $700/unit is going to sell for $230,000 or higher.   Deals can still be found, but will most likely have to be sourced yourself.  Let me know if you need contacts in the Cincinnati area that can assist you.        

Post: Cincinnati Property Management

Craig H.Posted
  • Cincinnati, OH
  • Posts 214
  • Votes 107

@Alan Zee  Try Cincinnati Real Estate Group.      

Post: Newbie from NKY (Fort Thomas) / Cincinnati

Craig H.Posted
  • Cincinnati, OH
  • Posts 214
  • Votes 107

Welcome @Elizabeth B. I invest in properties like you mention on the east side of Cincinnati.  In regards to finding an agent to help you with rentals I'll shoot you a message.  Best of luck in your beginnings.    

Post: Cincinnati 10 unit Mortgage+Renovation loan

Craig H.Posted
  • Cincinnati, OH
  • Posts 214
  • Votes 107

I'll shoot you a pm. 

Post: Submetering in Cincinnati

Craig H.Posted
  • Cincinnati, OH
  • Posts 214
  • Votes 107
Originally posted by @Todd Kalsey:

@Craig H. yes, I figured that would be the case on the four families.  Thanks for the info and clarifying that.  Also, appreciate the recommendation on Spectrum.  Are you sub metering currently?  How did the transition go?  

I can’t submeter on my properties.  My full time job is in property management for commercial shopping centers and we use Spectrum across the board for that.  They are easy to work with! 

Post: Submetering in Cincinnati

Craig H.Posted
  • Cincinnati, OH
  • Posts 214
  • Votes 107

@Todd Kalsey Most of your traditional four family buildings will not be candidates to install sub meters in Cincinnati.  There's only one main shutoff for the building, each unit needs to have a shutoff to install a submeter.  If you do come across a building that you can submeter I recommend using Spectrum Utilities.  

Post: Cap rate in Cincinnati?

Craig H.Posted
  • Cincinnati, OH
  • Posts 214
  • Votes 107
Originally posted by @Joseph Cornwell:

I buy in C+ areas and I shoot for a 8% cap minimum with value add potential. Typically when I get done with a project they perform much higher due to my added income. 

 Same exact thing I do as well Priya.  Best of luck to you.  

Post: Out of state investor looking at Cincinnati

Craig H.Posted
  • Cincinnati, OH
  • Posts 214
  • Votes 107

Jason,

I live in Cincinnati and invest in properties like you are describing.  If you have any questions on anything feel free to send me a message.  Happy to help in any way that I can.  If you need contacts for anything let me now.  

Post: Newbie - Cincinnati, Ohio

Craig H.Posted
  • Cincinnati, OH
  • Posts 214
  • Votes 107

Jeffrey,

Best of luck in your real estate endeavors and welcome to BP. Joe Fairless hosts a monthly meetup in Deer Park on the last Tuesday of each month. Contact @GrantRothenburger for more details on that. A lot of great people go to that. All experience levels attend and deals have been shared within the group. I recommend attending. What type of properties are you looking for. I invest in multifamily buildings on the east side of Cincinnati. I've done a BRRRR deal. Let me know if you need help on anything. I am happy to help in any way that I can.

Post: Looking for a CPA in Ohio

Craig H.Posted
  • Cincinnati, OH
  • Posts 214
  • Votes 107

Congrats on your purchase btw!  What part of town and what did you buy?  Best of luck.  If you need contacts in Cincinnati for trades I'd be happy to share.