All Forum Posts by: Steve D.
Steve D. has started 1 posts and replied 33 times.
Post: Am I a real estate investor or a landlord???
- Investor
- Cincinnati, OH
- Posts 34
- Votes 53
I tell people that I own a Real Estate Investment Company...I have several properties in an LLC, so this is accurate statement. In reality, I am property manager/investor/landlord/occasional contractor/occasional maintenance guy......but owning a Company makes it sound more official and also encompasses all the above jobs.
Post: Cincinnati Neighborhoods
- Investor
- Cincinnati, OH
- Posts 34
- Votes 53
Also, there is a lot of talk about Madisonville being the next up and coming area in Cincinnati. Here is a link to this
There is talk of the city spending big dollars on developing this area. It is located between Oakley (which is tapped out as far prices -- a hot rental area for young professionals), and Madeira, which is generally a wealthy neighborhood. Madisonville is still shady, BUT, the crime rate has decreased signfiicantly and there is some data suggesting it is lower crime area than Oakley.
As a buy and hold investor, I've been watching Madisonville carefully but have yet to pull the trigger. Worth looking into though.
Post: Cincinnati Neighborhoods
- Investor
- Cincinnati, OH
- Posts 34
- Votes 53
Mason, Blue Ash, West Chester etc are well-established markets that have a high percentage of owner occupied housing. Your returns will be no where near what you could get in OTR or lower income areas. Butler county (West Chester) is a very wealthy county. As an investor, I would not spend too much time looking in these markets personally, depends on your goals, but if goal is making money I wouldn't do it.
Lebanon is a different animal. My personal feeling is that "urban sprawl" in Cinicinnati has made Mason/West Chester/Liberty township quite the hot spots. In the 90's, Mason and West Chester was primarily farmland. Now those areas are bustling with activity, development, businesses, hospitals, you name it. So if this urban sprawl continues further north, next area to hit is Lebanon/Maineville region. These areas are not necessarily farmland right now like Mason was in 90's, BUT, they are a far cry from the booming West Chester/Mason region. Not sure how long this will take, but I think Lebanon/Maineville are up and coming areas, the question is when. It may be a while.