All Forum Posts by: Mark H.

Hello all,

Just wondering if you all know of any books that focus on market analysis? I am wondering what metrics should be used, etc. 

I have heard David Lindahl's "Emerging Real Estate Markets: How to Find and Profit from Up-and-Coming Areas" recommended. I am also thinking that David Greene's "Long Distance Real Estate Investing" may be helpful in this area as well, though I am not a long distance investor.

Thanks,

Mark

Thank you everyone! These responses really help, I am currently going through the process of obtaining a pre-approval and I will be looking in these neighborhoods as my next step. I am leaning towards buying a duplex, so my selection is a bit more limited.

Are there any differences in renting within the Cincinnati Metro area versus renting in areas outside of 275 (Fairfield, Hamilton, etc.)? 

Any input is really appreciated.

Hey Cody,

I would also suggest house hacking, especially at 24. I am also looking into the same thing, at 20. Feel free to contact me, I love to network with others in my area.

Thanks,

Mark

Hello everyone, just wondering which B and C class neighborhoods in Cincinnati would be profitable to look at for a potential house hack/long term buy and hold investment. Considering I am a beginner, I'd like to stay away from low end and high crime neighborhoods. Just wondering everyone's thoughts. The neighborhoods around Cincinnati would also be acceptable, as I am located in Hamilton.

Thanks everyone,

Mark

Thank you, everyone! 

Hello all,

I am currently looking in the Cincinnati, OH market for my first "house hack" SFH, duplex, triplex, or quadplex in the 50k-100k range. I am planning on getting an FHA loan. I have good credit, a decent amount of savings, and no debt. However, I am in college and therefore only working 28-32 hours a week; in addition, I have switched jobs quite a bit in the past 2-3 years due to internships.

Will my work history affect my ability to get a loan? I have heard that small banks are more likely to be more flexible with their loan requirements - Any suggestions for local banks in the Cincinnati area that deal with FHA loans?

Thanks, everyone!

@Adam Klugh, I don't know what you have decided to do, but if you are thinking about moving into large apartments for cash flow I'd highly suggest the book Multi-Family Millions by David Lindahl - link. It seems like I've read every book under the sun regarding multi family, and this book has, IMO, the most actionable content that will definitely save you $$$. Just my 2 cents.

Very cool @Cassidy Burns!!! That is quite a goal in 5 years of 465 units! Like @Chris Seveney says, brand brand brand! May I ask, why such a specific goal?

@Steve DellaPelle @Michael Cohen

I understand that the MIP can be rolled into the loan initially, however my worries would lie in the costs of the re-finance....If it takes a considerable amount to refi then it might not be worth it, and worth it to just keep the monthly MIP.

@Ricardo Cristobal

Thanks for the response! In general, do you know which fees are associated with a FHA>Conventional refinance? I am just wondering if there are exorbitant fees that would make it a bad decision in the long run.

@Michael Cohen

That should not be a problem...but that is pretty good tip I've never seen before. Thanks!