Why This Provider?
This provider was built for investors by investors. With 10+ years of experience in buying, selling, renovation, brokerage services, and property management, this company was built to help people with the desire to achieve true freedom through real estate.
- They are the #1 home buying company in Ohio
- They specialize in single-family turnkey properties
- They offer in-house management for a low management fee
- Rent-to-price ratios still exceed 1%. Typical SFH rent: $950. Price: $90,000
- Offer fully rehabbed single-family property to four-plexes and larger
The turnkey rehab outfit and property management firm both belong to the same family of companies. This is a full service property manager that services investors who own real estate rentals in the Greater Dayton Area.
- ~500 Units Under Management
- 30 Team Members Within The Family of Companies
- Separate management teams for residents and owners
Prior to contacting this provider, if you plan on conventional financing, please consider the following. You will likely need:
- A down payment of at least 20% for single-family homes and 25% for multi-families
- A low debt-to-income ratio
- 2 years of job history with a U.S. company or 2 years of self-employment history
- Six months of reserve funds
- A credit score of at least 680 (higher, is ideal)
In order to prepare for your pre-approval, start gathering the following documents. Your lender may require more documentation, but you should be ready to provide copies of these documents, at a minimum:
- Last 2 paystubs
- Last 2 months of bank statements (all pages should be included)
- Last 2 years of tax returns and W2s
GRE recommends Ridge Lending Group.
Dayton is the sixth-largest city in the state of Ohio and has recently seen an expansive revitalization of the downtown area. Dayton is home to 4 universities and 47 high schools, two of which were ranked by U.S. News and World Report as Best High Schools and Colleges in the U.S. Properties in Dayton offer appreciation and cash flow and can often be found for under $150,000 dollars. Major employers include Wright Patterson Air Force Base, Premier Health and The Kroger Company.
The Dayton, Ohio region recently ranked number 7 in the country for economic development and corporate expansions which marked the third year in a row of Dayton being placed within the top 10 in the nation. Dayton, Ohio is known as a community that is rich in talent and history. The main emphasis for the City of Dayton is to invest for the future and provide high-quality services to residents, neighborhoods and businesses. Some of the finest research facilities are located in Dayton, allowing it to prosper and be among the fastest growing technology hubs within the US.
- “Top 100 Places To Live” per U.S. News & World Report
- MSA population of 800,000+.
- Top employers include health care and the military
- Cost of living below national average
- Housing costs more than 50% below the national average
- Dayton and Montgomery County residents are 40% renters
Metro Size: 813,516
GDP Per Capita: $44,058
Cost of Living: 67.5
Area: 56.55 square miles
Region: The Midwest
Time Zone: Eastern