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
Tagged with: Beware • Dayton • Investment • Ohio • Property
Filed under: Lien Property
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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.
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.
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.
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.
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!
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????
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?
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…
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.
The west side has looked like this for 60 years. bulldoze it
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???
i totally agree
i second that, daytons falling apart
can you fix the crack problem?
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
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
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
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.
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
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.
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!
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.
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.
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.
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.