Beware of Investment Property in Dayton Ohio

Please do not purchase property online. Although there are some great deals and wonderful neighorhoods in the area, the property sold online is usually not a great deal. Dayton's neighborhoods are drastically different from block to block. One block may be great, but 1 short block away it may look like a third world country. Tax appraisals mean nothing due to this phenomenon ... Most homes sold at the online auctions are in bad blocks..vacant and boarded up, nuisance property that the bank didn't even want and couldn't sell...that is why it is being sold at AUCTION! Please be aware. Visit the area personally. I have seen so many investors fail to check the area and pour cash into a property that the neighborhood cannot support

Category:

Howto & Style

Tags:

• rental
• ohio
• dayton
• flipping
• property
• investment
• auction
• online
• crack
• slum
• trash
• code
• violations

[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.

[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.