This article is being written to conclude and wrap up my series on multi-family unit investing in Dayton, Ohio. I wrote on this issue due to the fact that I deal with a large number of investors in my capacity as a real estate agent and also because I am an investor myself. I felt that these traits qualify me to discuss topics relevant to those looking at our area. The goal of my last several articles was to address issues which some may not necessarily consider when deciding whether to purchase an apartment building or duplex. If you are considering purchasing a multi-family building then contact me today to speak with a realtor.
I have looked at several topics over my recent posts. These discussions included:
- Valuing a Dayton area multi-family dwelling
- Investing in A & B or C &D class properties
- Qualities investors should look for in a realtor
I looked at these topics for multiple reasons. First, as with any other investment, it is important that one pay the right price for a multi-family dwelling. This means properly analyzing the rent to be received against the price paid, the potential costs of repairs, etc. It also means considering issues related to possible appreciation and whether paying for improvements can yield an increase in potential rent. Second, there are pros and cons of choosing an “A or B” neighborhood versus a “C or D” neighborhood. These pros and cons include the costs of a property, the type of tenant one may have, and more. These are factors which should be considered in an investment decision. Finally, many realtors are not investors themselves. This, in my opinion, may lead to an agent not being able to point out things that their client would not otherwise have thought of. By choosing an agent, who is also an investor, you may gain valuable insight.
If you are considering purchasing a Dayton apartment or duplex, then contact me today to speak with a realtor. It is my goal to provide you with a high level of service and to help you move forward. I look forward to being of assistance. I also service the areas of Beavercreek, Centerville, Cincinnati, Clayton, Englewood, Oakwood, Fairborn, Harrison Township, Huber Heights, Kettering, Miami Township, Miamisburg, Riverside, Springboro, Trotwood, Vandalia, Washington Township, West Carrollton, and Xenia.
Note: Nothing in this article, or on this website should be construed as investment or financial advice. The opinions shared on this website are the personal, and not professional, opinion of the author and are not associated with Keller Williams Advantage. Any investment decisions should be made after consulting with a certified financial/investment professional.