All Forum Posts by: Caitlyn Hummer

@Christopher Raney Check out http://www.jaxinvestments.com/ if you're intersted in Jacksonville. I've met Jim, one of the co-owners, and he's a great guy. They do a lot of new construction turnkey investments. 

Hi @Samuel Dolcine! I think Freedom Real Estate Group is fantastic! But then again, I may be partial. :) 

Looking forward to welcoming you to our market! 

Hi @Christopher Raney. What particular markets are you looking in? I am in the Dayton/Cincinnati area but do know some companies in the Dallas/Ft. Worth and Memphis areas. You said southeast so not sure how far north you're looking or how far west. Let me know. Happy to give some referrals to great turnkey companies. 

Hi Adrienne! Cincinnati and Dayton are both great markets - and growing. The key winning word there is growing. Cincinnati and Dayton specifically share a great bond in that they're only about 45-60 minutes from city center to city center. Right now, if the two metro areas were combined (like Dallas/Ft. Worth), it would be the 18th largest in the U.S. right behind San Diego. Dayton specially has a great location in that it is in the center of three large metro areas (Cincinnati, Columbus and Indianapolis). Over the past few years, Dayton has seen around a 3%-5% vacancy rate. Pretty low for a mid-size, mid-western city. Also, Dayton is home to Wright Patterson Air Force Base with nearly 30,000 employees. There are numerous air force employees and contractors moving to the city looking for housing and rentals. Demand is definitely there. Dayton also has about a 60/40 home owner to renter ratio further providing a demand for rental housing. Cincinnati too is home to big players like Proctor and Gamble, General Electric, and more. Both markets are great for a buy and hold strategy. If you're wanting property manager recommendations, message me. I have connections in both Cincinnati and Dayton. Happy Investing! 

Hi Matt! Welcome to BP! Lots of great information available from investors working in the business day in and day out. I am actually local to Dayton (Springboro) and work for a company specializing in turnkey investments. If you ever want to chat, let me know. Plus, you should get connected with the local RE investors group. You can connect on Facebook to the Dayton RE Investors Group. Good luck and happy investing!

Cincinnati is ON THE RISE for sure. I've lived in the Cincinnati and Dayton area for a little over 10 years. In that time, OTR (Over The Rhine) which is just north of downtown has completely transformed. More and more young people are being drawn to the urban core. Five years ago, you could have bought an entire building in OTR for $10k. Now, a one bedroom condo in the area is at least $200k. And that trend is continuing to grow. All the immediate areas outside of OTR are starting to change for the better. GE just brough a HUGE headquarters downtown on the riverfront. Built an entire new campus. That was beginning of 2018 I believe. Procter and Gamble is a huge company with multiple facilities all around the city and suburbs. New construction continues to thrive in the outermost suburbs because there just isn't enough housing for the demand. Areas like Northside which were long neglected are starting to see the classic gentrification that's making the area great again and RE prices rise. It's all good. There is demand. It's only getting higher. I don't think Cincinnati is at all going to decline. The tri-cities of Ohio - Cincinnati, Columbus and Dayton - are all seeing an increase in new businesses and positively changing neighborhoods. Cincinnati and Dayton are actually so close together, if they were one metro area (like Dallas/Ft. Worth), it'd be the size of San Diego. And that land in the middle that was farm land just 6-8 years ago? All new construction. The gap between the two cities is almost non-existent. Very, very positive!

Welcome @Account Closed! Bigger Pockets, as I'm sure you already know, is a great place to learn from real estate pros who have been in the trenches and have plenty of lessons to share. With the house hacking, great idea! Are you planning to purchase and rehab a property yourself? Or are you searching for something more turnkey? Also, are you considering a buy/hold strategy for your future or flip and sell? 

With all that being said, I think one of the most important factors to consider is if you plan on making this your full-time career or is it a side hustle? If you just want to make it a side hustle, you may want to research turnkey investing. It's a done-for-you way of investing and is all about cash flow. 

If you're wanting to make it a full-time gig, you're in the right market. Cincinnati and Dayton both offer great opportunities. Both growing markets. Cincinnati has been booming for a few years now - especially the urban core. Dayton has started to see the same trend within the past 18 months. Lots of stuff happening downtown in both markets. 

Hot markets for turnkey right now are Memphis, Dayton (my market) and Indianapolis. If you partner with the right turnkey provider, distance should not be a concern. To ease your mind, fly to the market for a visit. Any reputable turnkey company is going to be more than willing to take you around the city and show you properties they're working on. Plus, isn't a $500, two-day trip worth it when you're making a large investment. 

Hi @Brett Robison and welcome to BP! Great place to connect with saavy real estate pros. As @Brandon Sturgill said, Dayton is a well-established market with definite growth and a thriving rental market. Cincinnati is also a great rental market to invest in. 

Welcome @John Jones! You came to the right place to learn more about RE investing and to make your first deal happen. Pro advice from seasoned investors on here. Cincinnati is a great market to be in for RE investing. Are you wanting to invest solely in Cincy or are you looking outside your market?