All Around Dayton

All Around Dayton

day-ketteringI say “around” because I visited a ton of neighborhoods and houses but never really central Dayton. There is a city center, I could see the skyline, but it doesn’t seem to be the heart of the city.  Fix-n-flipper Darren showed me everything from streets of boarded up houses to suburbs reminiscent of Denver’s Park Hill.  Purchase prices varied from $5k on a distressed home in a low-rent area to $120k for an updated 3/2 ranch. The opportunities are clear with that kind of disparity.

day-rotten-kitchenAs we walked through properties, we would evaluate the cost to fix something to rental standards versus retail standards, and which strategy made the most sense.  We even got a call from someone who saw us drive by with the “we buy houses” decal, and stopped in to see the house she wanted to sell within the hour.  Toledo is working to recover, tearing down houses beyond salvaging, building new homes, and pouring money into key retail & commercial areas, but it’s hard to say how well that will all pay off.  I’ll be watching, but for now, off to Indiana!

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