Beware of Investment Property in Dayton Ohio

[IlanAGoldman]

There are definitely some horrible areas in Dayton, does anybody knows which of the remaining areas got potential for growth (short term/flipping)?

[1219pam]

Unfortunately neigborhoods like this do exist all over the United States & I agree you should never purchase real estate on line. However, I have made a living off of property investments & live out of state. There are commercial brokers & agents who do this for a living!! I have been working with my Broker in Dayton Ohio for years and trust him with making me money. He has been in the business for over 30 years me 7 years. This is not rocket science & Dayton since looks better then video!

[dealerswild]

the west side has infiltrated the east side, and thats bringing down property values, i was raised in east dayton, and it used to be beautiful until the welfare and crack dealers moved in from the west side

[215dro]

Its cold as fuck, no jobs, deserted they do you feed poor people pretty decent though!

[VirtualProfessional1]

TT2...Do you think it's really fair to say that every neighbor of every "investment" property is a "crack dealer"? And, why would you discourage investors purchasing "fixer-uppers" to restore to livable conditions, which can ultimately lead to a major clean up of these neighborhoods?

[jsustik]

My mother was raised on seneca ave on west side and it used to be a beautiful neighborhood.The area was immaculate.Than the drug addicts moved in and took over.They moved from east to west and back again once normal hard working people fix it up again.That was 1968.I saybull doze all of Dayton and send the trash packing.

[musicgroovin]

You guys need to replace the Sade music with some blues or some type of depressing music. Just an idea to think about as new ideas come around here about as often as new business move into Dayton. Thanks for presenting this.

[rippersrevenge]

The neighborhood is improving as there are MORE INVESTORS and the City of Dayton has received $29.5 million in grant money under the Neighborhood Stabilization Act to deal with the abandoned homes.

Money needs to be invested and there are heaps of opportunities in the area, just have to have a positive attitude. Personally, I think this video causing a negative impact on the Dayton community.

[rippersrevenge]

We recently purchased a house online in the Five Oaks area. We are now in the area and can give you the hard facts:

1. 7 out of a total of 16 houses are occupied.

2. 7 of these houses are on the Public Nuisance list.

3. The house we purchased needed just $3000 invested JUST to get water and electricity to the house, this does not include any work inside.

Those are the negatives, still we paid almost nothing for this house which was built in 1905 and still has most of it's original character.

[macgeodave]

Dayton Sucks. Period This video is an accurate representation of dayton. You cant have anything nice in Dayton. Someone will destroy it or steel it. Glad I no longer live there. Buying a house there is just throwing your money away.

[thetruthmaster1]

I own a business in Dayton, very close to the 5 oaks area. After my last robbery the police suggested we close the store and move north closer to Englewood, they said we can not protect you down here, we don't have the man power. This area is a war zone where the crime and drugs are totally out of control. The police do nothing. I personally wouldn't buy a house down here for my dog to live in!

[blackcattle4200]

if you buy discounted properties in the hood online dont be shocked if there are a few suprises... a lil trash is ugly yes but can you not rent a dumpster and then bend over and pick it up????

[Onry1]

Before 75 went in that area rivaled Oakwood. Great big houses, ornate woodwork. Look at it now, what a waste. onedaytonwoman, what do you have to spend when you have to evict somebody that doesn't pay their rent and tears the place apart because of their own stupidity?

[onedaytonwomandotcom]

PEOPLE DON'T BUY HOUSES IN OTHER CITIES THAT YOU HAVEN'T BEEN TO AND YOU DON'T KNOW WHAT YOU ARE DOING! Find someone who knows the area and can help you....  Just like before you buy an iphone from China.... make sure they have At&t there first, cuz if they don't.... why would the phone be there...

[onedaytonwomandotcom]

I couldn't wait to comment on this! FIrst thing... I am a wholesaler here in Dayton... Secondly... there is crack everywhere so please don't act like we are the only cracked out city in America. Third, One of those houses is on a street where I have a rental property that is making me $585 a month in rent no problems. If you don't research the business that you plan to conduct then you subject yourself to being taken advantage of in any situation.

[sparkie231]

The west side has looked like this for 60 years. bulldoze it

[flashtastik]

dayton is also for some reason known as being haunted as fuck i think its due to the great flood... but that raises the question.. what the fuck is in the right-side attic window in that yellow house with green trim???

[mumbletonguer]

I AM INTERESTED IN PURCHASING A HOME IN DAYTON

AND i AM NOT SURE WHAT AREAS WOULD BE A GOOD PLACE TO START, PARTLY THIS IS FOR INVESTMENT, BUT ALSO FOR MY FAMILY TO LIVE. wE ARE A QUITE A SPORTS FAMILY hOCKEY, bOXING, BASEBALL AND TRACK & FIELD. Any suggestions would be greatly appreciated. Thanks

[Grit360]

I watched this hoping you'd be exposing a scam but to be honest on all those homes 15 - 20,000 can transform a house. these look like they could make someone money you just need to know what to look for. whats the foundations like?

owner of Grit 360 genral contractors

[Brochius]

can you fix the crack problem?

[MooMooPies]

i love living in riverside outside of dayton a lot less... trash and neighborhood is good.

the school system is very good here i heard dayton schools suck %&%* %&%&% #*@@ #*@& Parking tickets..yeah

[wilrobinson]

Only an idiot would invest in a property in the areas your video shows......secondly, don't you think you would want to have a look at the house and neighborhood before you invest in the property. Housing in Dayton for the houses in the videos are so damn cheap. Great old houses. Fixer uppers. But, the neighborhood could break you.

[handgun1]

I live on the East Side of Dayton and it doesn't look like that over here cause unlike the West side ppl over here take care of their Houses I Live on Brenner Ave off of First Street

[whyerhead]

The majority of the filming on this was done in the West Dayton/Salem Avenue Corridor.. How do I know this? I'm from Dayton..

Is Dayton falling apart? You bet your ass.

Would I buy a property in that area? HAHAHAHAHAH! I wouldn't take one if it was given to me.

[Brochius]

i second that, daytons falling apart

[ishotU2]

Well that is Dayton in a nutshell, all I can say is that half the people in that city are the problemo.

1. Don't buy Crack

2. Don't buy Stolen Tool and Electronics

3. Run people out of your yard, don't let them post up in your neighborhood.

4. Clean up your own Alley! if your neighbor is a old person, Clean their shit for them!

[ishotU2]

5. If your a good person hang outside more often, and try to be nice to people.

6. If your the Drunk/Crackhead/Herion Junkie reading this, give it up! your fucking killing the city, your kids are running the street doomed to do the same damn thing as your monkey asses.

[ishotU2]

7. Buy and Gun shoot a Theif!, don't be scared, I urge people around dayton to leave valuables out in plain sight, load your rifle and sit back and wait. If you kill a thief in your front yard like my dad did when I was a kid, then you've probley elimiated the major theif of your neighborhood. Its the people that get comfortable stealing that do it nightly.

[Brochius]

i totally agree

[purdue2009]

You seem to be asking the wrong questions, you pose the question will you leave in this? Just because you won't live in it doesn't mean someone else won't. Low income areas are cash cows. The properties are dirt cheap, the rental market is strong you can buy a 20k house and rent it for $500 a month. Much better than the neighborhoods where you pay 400k for a house and can only get 1500 a month in rent with very few people looking to rent.

[The1ByTheSea]

not only think of the condition of a house ,the crime,etc

But also think of this as they ask would you live there?

where would you get your basic needs? no pharmacies,supermarkets,etc

Extreamly difficult especially if you are older or sick when you do not have thngs convinient like have to take threre buses just to get to a pharmacy or convient store.

[The1ByTheSea]

Old wooden houses are beautiful and full of history..

But beware of termites,fires,etc taht can lead to high insurance costs.

also it might look charming outside put old plumming,old electrical that is even dangerous causing fires.

[Ktbug426]

it is sad what had happened to that part of dayton. i used to live in that part but every once in awhile me and my mom drive through to see whats changed. its a shame.

[capecreeper]

I bought a house in E Dayton on Wyoming next to a bar. It was a great house and a great neighborhood. I spent lots of time and money to make my place the type of home anyone would be proud to own. Yes I called the cops more times than I can count. Yes there was a shooting next door. Would I move back? It is the people that make a neighborhood and a city what it is. I got good money for my home and I wish I had it here in FLA. Too bad the east side went getto and I don't mean UD.

[hobiehippo]

welcome to the ghetto, it gets worse here everyday. Learn to live like a hobo in the back yard where we play

[ismackahoe]

east side,west side you have these issues in any city but some more than others,the city inspectors need to step up a due there job.

[corvettedude346]

Sad, you can see those were nice houses a long time ago

[funkyfreshthreads]

I used to live in Dayton (CW high school '93, for what it's worth.) At one time, Dayton was the cradle of civilization in the midwest. It's a shame that racism and bad government destroyed some of the best neighborhoods ever built. I know economic factors had a play in it all, but... well... a shame. Dayton View neighborhood. Enough said.

[tmdtmk]

I lived in the East in and there are areas that look just as bad. My old man use to work for the waste department mostly west side some areas over there are better than the East. As for the city inspecters they gave us a hard time 4 haveing 2 cars in our parking lot. But they should look around at the ran down houses n trash in their yards than to pick on those who try. What's the maires walk for?

[toddd4u]

I do agree with alot of things in this video, but the first aspect of buying real estate, anywhere in the world is due diligence. If you buy a property sight unseen. You get what you deserve. I own a few properties in Dayton and the 1st property I bought was sight unseen, but thank goodness it was not as terrible as some places in Dayton. You just gotta know what you are getting into, before you purchase anything.

[VenusnErnie]

Wheres all your evidence supporting your crack theory?You must be on the East side and Id really appreciate it if you took the picture of my grandmothers house of of there.Now the damn things never going to get sold.You failed to mention how most of these houses have been taken away from their owners when adult protective services comes in and sticks them into nursing homes the Medicaid realizes they cant sell the house so they board it up instead of tearing it down.

[flybenji]

Right On!

[habfan11]

i live in dayton who know what gvc is

[MisanthropicOne]

Dayton is circling the bowl. And the comment about contacting the police and local priority boards cracks me up. The priority boards will lie to you to get money into the neighborhood, and the police are completely clueless, and really seem completely apathetic. Calling either would be a waste of time.

[LIkeBonnieandClyde]

It's not all about not respecting the westside,I love both race I should say before I start,But point is the City is QUICK to clean up the EAST before coming to the WEST,that's Why A friend of mines before his years are up for working for the city;he make's sure he do all he can to make sure the westside look as bout as clean as the east

[no1babygirl4u]

excuse me...tha east looks alot worse than tha west alot of day.its not about what side it is its about tha people who dont care about where they live and they dont care about it

[LIkeBonnieandClyde]

True; I agree with you on that about people not caring, but you also gotto look at it like this, the people who do care are old people that can't do nothing about or either dying off, and for the people who don't got a jail record are moving out of the city to get good jobs, because we don't have very many good jobs left

[mspunkinn2000]

preditory lenders gave them money to fix up the property and when they couldnt make the payments they called the whole balance and with these people being on fixed income they could'nt afford to keep up

[mspunkinn2000]

and since they were vacate, vagrants came and squatted in them, took out copper pipes and siding to fund their crack habits. i can't and won't be able to ever sell my house for market value again, both homes on each side of me is vacant and gutted and i'm stuck in the middle, so yes, this is very true about property in dayton.

[mspunkinn2000]

i've lived in dayton all my life and i've lived in my house since '65. back then, homeowners were proud of their properties, took pride and care of them, but then they started renting them out to people that didn't care, because it didn't belong to them.

[mspunkinn2000]

i think that that is the five oaks area and lower dayton view, near lexington, superior, grand, rosedale area.

[toytrader2]

Dayton is actually great, but as with all urban areas, there are great neighborhoods and not so good areas ...It can all be turned around, but out of state investors have no idea what they are getting into..I simply want people to be aware that a nice ad and pretty picture does not make a great investment. You need to know the area before you make a purchase like this.

[LIkeBonnieandClyde]

I'm glad you cleared that up,because althoug i was brought up in this city and don't like it,I am the type to get mad if outsiders start doging my city while i'm still in it

[phatkat811]

Damn, this makes Dayton look scary. *locks doors and peeks through blinds*

[lizzym3]

Yes, where in Dayton is this?

[LT2000ram]

What part of Dayton was this in?  I do agree.. it very much differs from street to street. I live in my first home in Dayton, on a great street in belmont. Half a mile away, it's a totally different scenario. Sorry you got burned.

[hatchetman0424]

But Thats What Dayton Puplic Schools Do