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All Forum Posts by: Jordan Fiore

Jordan Fiore has started 7 posts and replied 144 times.

Post: Post rental property or wait?

Jordan Fiore
Posted
  • Real Estate Agent
  • Cincinnati, OH
  • Posts 154
  • Votes 130

I would personally hold off. Posting too soon will just add more days to it being on market and when renovations are finished it won't be the "hot new" listing. You can post once contractors have demoed and already working on the renovations?

Post: Intro | Deshay

Jordan Fiore
Posted
  • Real Estate Agent
  • Cincinnati, OH
  • Posts 154
  • Votes 130

Cincinnati is THE spot! Reach out if you have any questions regarding certain areas and property types. A few different routes you can go for here in Cincy.

Post: How’s the mid-term rental in Cincinnati

Jordan Fiore
Posted
  • Real Estate Agent
  • Cincinnati, OH
  • Posts 154
  • Votes 130

If you are in a good area within 15 minutes of the hospitals then I think the market is good here. I have a client that is having a great experience with her mid term rentals so far. The 1 bedrooms get significantly more per month on MTR than LTR. The difference of $900 to $1,500+ per month.

Post: Brand New Investor

Jordan Fiore
Posted
  • Real Estate Agent
  • Cincinnati, OH
  • Posts 154
  • Votes 130

A lot of great points already mentioned. House hacking is the way to go if you have that flexibility. I would suggest a safer location and that would give you less headache. The cash flow won't be amazing but if you can add value over the first couple years and get rents up. that would be ideal. Sticking to a brick build that was built as a multifamily would be smart as well. 

Post: Tired of Shenanigans. . .seeking a network in Cincinnati

Jordan Fiore
Posted
  • Real Estate Agent
  • Cincinnati, OH
  • Posts 154
  • Votes 130

One of the top priorities is having an investor friendly Realtor and utilizing their network to help build a team that has great communication with each other. Reach out if you need any further assistance.

Post: Cincinnati Multi-Family strategy

Jordan Fiore
Posted
  • Real Estate Agent
  • Cincinnati, OH
  • Posts 154
  • Votes 130

Price range is great and should have a good amount of inventory to choose from. Most likely 2-4 unit will be livable with tenants already in there. Most of the time they just need turned and new tenant in there to get close to market rent, depending on the class of area. I would suggest finding a brick duplex or quad if you are able to. They hold up better over time and if there is any structural issues, it is easily seen within the brick. Let me know if I can be of service.

Post: Any recommendations for trusted plumber in Cincinnati for multifamily / apartment?

Jordan Fiore
Posted
  • Real Estate Agent
  • Cincinnati, OH
  • Posts 154
  • Votes 130

I like 1 Tom Plumber a lot, specifically Joe Hull is the man. They have a couple other great plumbers as well.

Post: how to raise the rent without scaring the tenant

Jordan Fiore
Posted
  • Real Estate Agent
  • Cincinnati, OH
  • Posts 154
  • Votes 130
Quote from @Bob Okenwa:

If you're that concerned about scaring the tenant, show her the comps and the market rent for the area and explain how you need to be at X number.

Or you could just raise the rent without consulting her. It seems like you want to be fair, but make sure you numbers are accurate for the condition of the property. I've seen landlords throw out crazy rents for not-so-great properties.

I agree with showing her the comps. I would also take it a step further and make repairs on any issues in their unit prior to that conversation as well. 

Post: I have zero real estate experience, and I am willing to learn and make contacts.

Jordan Fiore
Posted
  • Real Estate Agent
  • Cincinnati, OH
  • Posts 154
  • Votes 130

Welcome to the real estate Investing world! I am based in Cincinnati and more than happy to answer any questions you might have on this market.

Post: 4 unit deal analysis in Cincinnati OH

Jordan Fiore
Posted
  • Real Estate Agent
  • Cincinnati, OH
  • Posts 154
  • Votes 130
Quote from @Timur Salikov:

Actually you are right, I did forget lawncare and water I pay for. So if the 4 plex brings in $4660, how much do you set aside for maintenance and vacancy considering its an old building? 


Anywhere between 5-8% each most likely. Maintenance could be 10% if you are going conservative.