All Forum Posts by: Gordon Starr

 I am hearing about difficulties finding contractors to take charge of rehabs and major turns for investors in Dayton. If you can't do it yourself, I would recommend buying finished stock. That is something that is in short supply right now and shooting up in price. If you want that, I say you should buy now and buy hard in Dayton because this city proper has not seen a sellers since like 1969 or something ridiculous like that. There is not telling how high it will go. Better get the finished stock right away

I suggest you should explore Dayton cash flow neighborhoods. Most of the city proper will cash flow. Areas that were built up with supersolid construction and smaller residences are particularly good investments. The boom years of manufacturing were when big parts of Dayton got built up and it was done by highly paid workers to very high (possibly unmatched) architectural standards. Now you can do Brrrr in the city proper but until just recently you could not. The price was too low on single family to warrant a mortgage. The credit market was locked up for a decade and the landowners are de-leveraged as a result. Brick and hardwood is very common and fantastic, but alot of the frame construction is also supersolid. The carpenters guild of the 1950s and 1960s is kind of legendary. The 1920s had cooler architecture and is plenty solid too.  A lot of us investors, myself included, favor the north riverdale, southern shiloh areas (zip 45405) for these reasons. A solid play is to fix up places really nice, then be patient with tenant selection. So many of us are doing it, that the area is rebounding fantastic!

I'd call around.. Try Gem City, Roost, or Manco. These operate in C, even C/D so they work in my area and have been around awhile.

Dayton has a lot of super solid 2x3 bedroom duplexes and 4x1 bedroom quads. The buildings built in the boom years of manufacturing 1920s 1950s and 1960s make particularly great rentals. The appreciation has been off the charts in dayton proper, at least in recent years.

These prices make me glad I do my own water heaters. Last one I was all done for under 600$.. plus a slightly sore back. 

Large parts of dayton are high vacancy from decades of past decline.. This does not apply to Kettering. That area is appreciating very rapidly and improving very rapidly. It is a widely held misconception that Dayton does not appreciate. It has been improving steadily in price and appearance and population with job growth for at least 5 years. ALL of dayton is appreciating very rapidly at this juncture. 

That snake is a very valuable thing to have and know how to use.. if u hit a clog.. the snakes stops advancing.. you have to pull it back and go at it again.. and again.

Hi Paul, sounds like you should be looking at Dayton. Here the prices still make sense, at least for now. This is especially true if you have a construction company.

Why wait? If I were you,, I'd go rent or buy a snake, watch a few utubes on how to use it, and clear that mofo tonight..

That data on Cincinnati can't be right. I could believe 200k for the whole metrop, not 300k tho. The city proper isn't nearly that high. Also it is a smoking hot sellers market and has been for years..