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Marianne Taylor has closed 80+ multifamily deals totaling over $1.9 billion since becoming a broker in 2019. Before that, she underwrote commercial real estate loans at PNC. Now she's seeing something new in Cincinnati: apartment buildings going back to the bank and selling at auction. Marianne breaks down Cincinnati multifamily as Q4 2026 begins. By June, only five deals over 100 units had traded, two of them directly between buyer and seller. The five-year Treasury is back near its 2023 peak, and deals under 100 units are the ones closing at sellers' prices. We walk through her 40-unit bank-owned auction on Boudinot Avenue: pre-qualification, proof of funds, a PSA you accept as written, open tour days, and a 30-day close. Marianne explains why distress is showing up now, what bank underwriters track on your loan, and why lenders do everything they can to avoid taking a property back. If you've been waiting on the sidelines for discounted deals, her view of the next few years of distress is worth the listen alone. What you'll learn: Why deals under 100 units are driving 2026 volumeHow rising Treasury yields affect pricing and deal timingThe best and worst months to list and why NMHC starts the busy seasonWhy distressed multifamily is appearing in CincinnatiHow auctions work on Crexi, RI Marketplace, and Ten-XWhat lenders see before a loan defaultsWhy Norwood is the new Oakley, and how bike trails drive growthHow downtown household income grew from $41K to $76K in five yearsWhy Northern Kentucky may be underrated 📲 Follow @thecincyreishow and leave a five-star review if we've added value. Share this episode with an investor who needs to hear it. 🎙 Guest: Marianne Taylor, Vice President, Multifamily Brokerage, Colliers | Adjunct Instructor, UC Lindner College of Business Timestamps:00:00 Meet Marianne Taylor, Colliers00:37 From Anderson and UC golf to David's Bridal and PNC05:42 Bank underwriting to brokerage: joining CBRE five months before COVID09:29 Building the Colliers multifamily team10:58 Why investors rarely hear about PNC as a multifamily lender12:15 Why cross-selling gets you better rates and terms13:42 2026: the year of small deals16:02 Treasury yields back at the 2023 peak17:20 The listing calendar: September, Thanksgiving and NMHC19:13 Distress arrives: the Lima, Ohio auction20:11 The 40-unit Boudinot Avenue bank-owned auction20:45 How auctions work: bid days, reserves and a 30-day close24:43 What buyers need to do: pre-qualification, due diligence and the PSA25:56 Auction platforms and tour days28:35 Why distress is happening: post-COVID investors, 3% debt and operations31:27 What the bank sees before it takes your property back33:43 Is it time to buy distressed at a discount?36:10 Norwood is the new Oakley, plus Madisonville39:07 Hamilton, Spooky Nook and the bike trail effect40:20 Downtown's comeback: household income up 85% in five years42:26 Underrated: Northern Kentucky and the West Side44:49 Where buyers overpay: Hyde Park, Oakley and Mount Lookout45:44 What new investors get wrong: the car in a second-floor apartment48:07 Hidden gems: Alveo in Mariemont and Mile 42 on the Loveland Bike Trail50:25 Wrap-up

When an AI-generated website can rank first on Google for “Cincinnati developments” and turn out to be fake, how do you know what’s actually happening in your market? Saugat Pradhan started Cincy Report three months ago. It’s now close to 20,000 followers with a monthly reach of more than 1.5 million, and he brings four years of experience in residential, small multifamily, and wholesaling. In this episode, he and Ian Cruz break down the research routine behind their Cincinnati coverage. They cover the sources they trust, including a Business Journal subscription that costs under $10 a month, county auditor pages, and neighborhood Facebook groups. They also explain how they verify a story before sharing it and where AI helps and where it gets things wrong. That includes a live check on a $3.2M rehab estimate that works out to $727 a square foot. We also cover:→ What the Connected Communities “(T)” zoning code means for adding units near transit→ A weekly research routine that takes under two hours→ How a Delhi-only investor can keep tabs on their part of the West Side→ Fairfield’s earned income tax vote and the 18 teaching positions at stake→ Hidden gems in the pipeline: Stoll’s Drug Store in Northside, the Phoenix Building, The Banks, and Cincinnati Children’s Liberty Campus If you invest in Cincinnati and want a repeatable way to stay ahead of the market without trusting everything you read, this episode gives you the sources and the checks to make it happen. 🎙 Guest: Saugat Pradhan, founder of Cincy Report, real estate investor and agent🏙 Topics: Market research · Local news sources · AI for investors · Cincinnati zoning · Neighborhood development · Property taxes Timestamps:00:00 - Cold Open: The Fake AI-Generated Cincinnati News Site00:10 - Welcome & Saugat Pradhan Introduction01:20 - From Nepal and South Dakota to Cincinnati02:45 - Why Ian Follows Cincy Report04:40 - Saugat’s Daily Research-to-Reel Routine06:45 - Go-To Sources: Business Journal, Cincy Beat & Auditors08:35 - What It Costs: Business Journal Under $10 a Month09:50 - Sources to Avoid: AI Sites & Reddit10:45 - Butler County Auditor Flags a Viral Fake Tax Claim11:25 - Queen City Pulse: Skyline’s 10th New Parlor Heads to Batavia12:35 - How to Spot AI-Generated News13:25 - Tracking Development Permits & Snow Plow Maps14:45 - Connected Communities and the “(T)” Zoning Code16:20 - Verifying a Story Before You Share It17:50 - A Weekly Research Routine Under 2 Hours19:40 - Building a Feed That Brings Cincinnati to You22:10 - Researching One Pocket: The Delhi Investor24:35 - Norwood Council Meetings & Neighborhood Facebook Groups25:35 - Fairfield’s Income Tax Vote and School Cuts26:30 - Where AI Research Falls Short28:40 - What Saugat and Ian Trust AI With30:40 - Hidden Gems: Developments Still in the Pipeline32:00 - Stoll’s Drug Store: $3.2M Rehab at $727 a Foot34:25 - The Banks, Phoenix Building & Children’s Liberty Campus

What does a $90K equity spread look like on a Westwood house bought in 2026? Ben Austin has spent 16 years as a Cincinnati realtor and now owns $3M in single-family and multifamily rentals across the city. In this episode, he breaks down his latest deal: bought off-market for $110K, $21K into the rehab, appraised at $200K. He also names the exact street boundaries he uses to decide where he will and won't buy in Westwood. We also cover:→ The Westwood pocket Ben targets: Montana, Work, Glenmore and Boudinot→ Why Oak Hill Schools makes Bridgetown and Delhi an easy yes for rentals→ A Clifton BRRR that returned $60K and still cash flows $1,000 a month→ The $150K–$300K ARV range where a single-family works as either a flip or a BRRR→ Bats, 311 calls and city code notices: what nobody tells you about self-managing Whether you're buying your first Cincinnati rental or adding to a portfolio, this episode shows how an investor who is also a realtor builds in more than one exit strategy before he buys. 🎙 Guest: Ben Austin, realtor with Keller Williams Advisors (The Austin Group) and co-founder of BAK Property Management🏙 Topics: BRRR strategy · Fix and flip · Westwood · West Side neighborhoods · Buy and hold · Cincinnati market Timestamps:00:00 - Cold Open: $110K Buy, $200K Appraisal00:20 - Welcome & Ben Austin Introduction00:45 - Ben's Cincinnati Story01:30 - Starting in Real Estate During the 2008 Crash04:20 - Ben's $3M Portfolio: Westwood, Clifton, Reading & More05:40 - Turning a Downtown Condo Into an Airbnb07:20 - Where the Opportunities Are in 202608:40 - Westwood Boundaries: Why Work Road Is the Cutoff10:00 - The Montana–Work–Glenmore–Boudinot Pocket11:40 - Bridgetown, Delhi & the Oak Hill Schools Effect13:20 - Price Hill & Where the Incline District Ends15:40 - Latest Acquisition: The Daytona Avenue Deal17:40 - Bats in the Attic: A Protected-Species Headache19:50 - Queen City Pulse: Cincinnati Inventory Up 17%20:40 - 311 Calls, Fence Violations & Dealing With City Inspectors25:00 - Deal Breakdown: $110K Purchase, $21K Rehab, $200K Appraisal27:15 - The Clifton BRRR That Returned $60K28:30 - Buy Objectively, Sell Subjectively32:50 - The ARV Sweet Spot for Flips & BRRRs36:15 - Westwood in 2022 vs. Today: Rates, Competition & Rents39:40 - Ben's Cincinnati Hidden Gems

What does 6.7% home price growth in Cincinnati mean for your underwriting? This is a live Q&A episode, Ian Cruz and Slocomb Reed take questions from listeners who invest in Cincinnati or want to start. They name the Montgomery Road Corridor as the default pick for buy-and-hold investors who want cash flow. They explain why Cincinnati ranks #5 nationally for home price growth while Slocomb still puts 3% in his model. They also cover why paying California prices for a Cincinnati property gets you California cash flow, which means negative. We also cover:→ Short-term rental demand from the Ark Encounter, Creation Museum, and Cincinnati's hospitals in Clifton and Corryville→ Why Cincinnati Public Schools has to be judged one school at a time→ How to estimate property taxes in Hamilton County, including the 2023/2029 reassessment cycle and House Bill 126→ Rent growth assumptions after Cincinnati hit 39% in 2022 and then went flat to negative from August 2024 to the end of 2025→ Where BRRR rehab budgets blow up in pre-1978 housing: foundations, clay sewer lines, and opened walls 🎙 Hosts: Ian Cruz (@CincyCashFlow) and Slocomb Reed, co-founders of Three Little Pigs Investment Services🏙 Topics: Cincinnati neighborhoods · Appreciation and rent growth · Short-term rentals · Property tax underwriting · BRRR strategy Timestamps: 00:00 - Welcome & Live Q&A Format 01:15 - Ringo: Where Should a New Investor Buy in Cincinnati? 01:55 - The Montgomery Road Corridor 04:35 - California Prices, California Cash Flow 05:30 - Is 3% Appreciation Realistic for Cincinnati? 07:15 - Cincinnati Ranks #5 in Home Price Growth at 6.7% 07:55 - New Construction vs. Buying Below Replacement Cost 09:15 - Bruce: Moving from Short-Term Rentals into Commercial11:30 - Ark Encounter & Creation Museum: Hidden STR Demand Drivers13:15 - Hospital Demand in Clifton and Corryville15:30 - Deal Review: 846 Lincoln Ave, Walnut Hills19:45 - Queen City Pulse: Woodburn Exchange Sells for $202K+ a Door20:40 - Best School Districts in Cincinnati23:20 - Poojita: How to Underwrite Property Taxes in Hamilton County27:00 - Six-Year and Three-Year Reassessments: Hamilton vs. Butler County29:00 - What Rent Growth to Use in Your Pro Forma 32:30 - Negative Rent Growth from August 2024 to End of 2025 33:20 - Rent Growth Data: 39% in 2022 to 3% Underwriting Today 35:30 - Deepti: East Side vs. West Side for New Investors 38:20 - BRRR Budget Busters: Sewer Lines, Structure & Old Walls 40:00 - Closing & Three Little Pigs Platform

What changes inside a 2,000-unit Cincinnati portfolio the first time in 13 years you have to give away a month of free rent? Robbie Hendricks is a partner at Venture Real Estate Company, which has acquired more than 3,600 multifamily units since 2013, operates roughly 2,000 of them, and has gone full cycle 32 times while hitting or exceeding pro forma on every single exit. In this episode he maps where Cincinnati sits in the cycle, why the Sun Belt cap rate blowup never really landed here, and what new deliveries on the east side and around West Chester and Liberty are doing to rents right now. We also cover: → Solving for cash flow first: 10% cash on cash by year three to five, with 0% market rent growth assumed in every underwrite → Venture's first concessions in 13 years, nicer assets dipping to 88% occupancy, and the climb back to 95% → Writing 18 and 24-month leases to space out expirations ahead of new supply → Rating the asset and the market separately on A, B, C, and why 1975 to 1995 is the gray zone → Westwood and Cheviot to Loveland and Hamilton: what actually drove the move out of scattered site C-class → Why Cincinnati has almost no distressed sellers, and where that leaves buyers hunting discounts → Scaling advice: why a portfolio of 24-unit deals beats competing with institutions for a 200-unit Whether you own four units or four hundred, this is a look at how a disciplined Cincinnati operator is stress testing deals in a market that stopped handing out rent growth. 🎙 Guest: Robbie Hendricks, partner at Venture Real Estate Company 🏙 Topics: Multifamily underwriting · Cincinnati market cycle · New supply & concessions · Asset classes A/B/C · Syndication & scaling · Hamilton and the East Side Timestamps: 00:00 - Welcome & Robbie Hendricks Introduction01:45 - A 71 Kid: Finneytown to Lebanon, Ohio State to Xavier04:00 - Why the First House Hacks Did Not Stick06:15 - Where Cincinnati Multifamily Sits in the Cycle09:30 - Cincinnati vs. Dallas: The Cap Rate Compression That Never Happened13:00 - Buying a Deal in Q4 2022 and Refinancing Into Agency Debt15:45 - What Makes a Deal Compelling in 2026: Cash Flow First19:00 - Underwriting 0% Rent Growth After a 25% Run22:15 - New Deliveries on the East Side, West Chester, and Liberty26:00 - Legacy Cincinnati Owners and Why They Keep Building29:30 - Defining A, B, and C for the Asset and the Market Separately35:00 - The 1975 to 1995 Gray Zone and the Amenities Arms Race40:00 - The Sell Box: When It Makes Sense to Exit44:30 - Westwood to Loveland: How the Buy Box Evolved48:00 - Hamilton's Momentum and the Affordability Thesis51:30 - Ohio Headlines: Gen Z Homeownership and Corporate Relocations54:00 - The First Concessions in 13 Years and the Occupancy Dip58:00 - Advice for Scaling: Portfolios Over Institutional-Sized Deals62:00 - Cincinnati Hidden Gem: Coffee Emporium in Oakley

What does a full-time flipping business look like when the only number that matters is a 15% return on every dollar deployed? Rebecca Sequeira has been flipping houses full-time in Greater Cincinnati since 2016, when a church mission trip to build a house in Belize sent her back into construction and out of her day job halfway through her first deal. She now runs six or seven remodels a year across Amelia, Batavia, Milford, Morrow, Kennedy Heights, Colerain, and Deer Park, with ARVs from $250K to $600K and one exit at $840K. In this episode she walks through her buy box, her finish standards, her contractor bench, and the referral structure that brings her more deals than she can take. We also cover: The 15% cash-on-cash minimum she and her husband underwrite every deal against, never annualizedTrading the listing for the deal: how one Coldwell Banker agent has brought her five houses off marketWhy a $250K flip still gets granite, a French door refrigerator, and $2 to $3 per square foot tileThree weeks on market in Kennedy Heights at $389K vs. eight offers in a day and a half in Loveland at $735KHiring 30+ subs on work ethic, quality, and price in that order, and the only trades she ever advances money toSubject-to, rent-backs, and a land contract: the creative structures she used when a straight purchase did not fitWhether you flip in the suburbs or hold in the city, this is a working operator's view of what Cincinnati's 2026 resale market is actually doing. 🎙 Guest: Rebecca Sequeira, full-time house flipper and licensed realtor with Coldwell Banker, longtime member of Cincinnati REIA 🏙 Topics: Fix and flip · Rehab scope & contractors · Cincinnati suburbs · Creative deal structures · Realtor relationships · Days on market Timestamps: 00:00 - Welcome & Rebecca Sequeira Introduction 01:30 - Houston to Cincinnati: A 1993 P&G Transfer 03:00 - Building a House in Belize and Quitting the Job 05:15 - First Flip in 2016 to Six or Seven a Year 07:00 - The Buy Box: $250K to $600K ARV Across the Suburbs 09:30 - What Actually Changes Between a $300K and an $800K Flip 13:00 - Finishes She Never Cuts: Granite, Delta, and a Refrigerator 16:30 - Rebuilding a Termite-Destroyed House in Milford 19:00 - Redesigning Kitchens in Pre-1978 Housing Stock 22:30 - Staging, Air Conditioning, and the Emotional Buyer 26:00 - The 15% Cash Return Rule 28:30 - Building a Bench of 30+ Subcontractors 32:00 - 2026 Market: Days on Market and Price Drops 36:00 - Kennedy Heights at $389K vs. Loveland at $735K 39:00 - Trading Listings for Off-Market Deals 42:30 - Subject-To, Rent-Backs, and a Land Contract 46:00 - Deposits, Draws, and Who Buys the Materials 49:00 - Cincinnati Hidden Gem: Cincinnati REIA

Bri Leichliter built a Cincinnati property management company and sold it in October 2025. She still works the Cincinnati real estate market every day, now as a broker in Ohio and Kentucky, an investor, and a construction consultant.Bri traces the path from GE Aviation supply chain manager to independent broker. A corporate relocation fell through in 2020, she house hacked a duplex in Mount Washington, took her license exam as a backup plan, and went full time in real estate before the year closed. She breaks down who needs a property manager and who should self-manage, and why that call comes down to goals rather than unit count.Then the math. One rental with $200 a month in cash flow does not survive a $6,000 sewer lateral replacement. Bri covers why single-property owners get wiped out by one repair, why passive positions fit investors who wanted mailbox money and bought a job instead, and where house hacking earns its place even when the property does not cash flow on its own.The back half is construction. How she structures contractor payment schedules, when a 50% deposit is justified (roofing, foundation, HVAC, anything with a material order in front of it) and when it signals a contractor funding someone else's job, and what pre-1978 Cincinnati housing hides behind plaster: knob and tube, galvanized supply lines, clay sewer laterals.WHAT YOU WILL LEARN- How to decide between self-managing and hiring a property manager based on goals rather than property count- Why a single rental property rarely builds wealth on its own- How house hacking works even when the property does not cash flow as a standalone rental- Which Cincinnati neighborhoods are built for small multifamily and house hacking- What to budget when you open the walls on pre-1978 Cincinnati housing- How to structure contractor payment schedules and when 50% down is justified- Why a sewer scope belongs in every Cincinnati due diligence checklist- When 10+ units beats single family for real estate acquisition and scaleFollow @thecincyreishow on your favorite podcast platform so you never miss an episode. Leave a five-star review if we added value.Subscribe. Share. Invest smarter.GUEST: Bri Leichliter, Realtor (OH and KY) and property management consultantTOPICS: Multifamily Real Estate Investing, Cincinnati Real Estate Market, Self-Managing vs. Hiring a PM, House Hacking, Real Estate Underwriting and Due Diligence, Contractor Payment Schedules, Pre-1978 Risk, Real Estate SyndicationTIMESTAMPS00:00 Welcome and guest introduction02:00 GE Aviation to Mount Washington: the relocation that fell through06:00 Going full time in real estate and launching the brokerage07:00 Selling the property management company10:00 Self-manage or hire a property manager: the goals question13:00 Out-of-state investors vs. local operators15:00 Why Cincinnati still cash flows in 202618:00 The BiggerPockets era and why every millennial wanted in20:00 How one repair wipes out a single-property investor22:00 The case for passive positions over self-managed rentals25:00 House hacking as the fastest entry into real estate wealth27:00 Cincinnati neighborhoods built for house hacking29:00 Inside Bri's portfolio32:00 Bri's buy box34:00 Why 10+ units beats single-family for scale36:00 Investing in 55+ and assisted living38:00 Building a real construction budget40:00 The contractor checklist that protects your scope41:00 Cosmetic vs. structural: where budgets break42:00 Knob and tube, galvanized plumbing, and pre-1978 risk45:00 What a sewer line replacement actually costs46:00 Structuring contractor payment and materials agreements50:00 When 50% down makes sense52:00 How investors lose control of the money54:00 The one-strike rule for paying contractors on time55:00 Cincinnati hidden gems57:00 Incline Public House and the Northern Kentucky food scene58:00 Mainstrasse, Red Bird Deli, and Juniper59:00 Closing thoughts

George Emmons manages over 700 units across Greater Cincinnati and has been investing on the east side since his father bought their first multifamily in 2008. He knows which neighborhoods have already run, which are still a decade out, and why the 12-unit is the most overlooked asset class in this market.He breaks down a decade of change on the east side and where he'd put money in 2026: Madisonville's move from $30-40K houses to $125-150K houses that still need $50-70K in work, why Milford and Loveland priced people out into Goshen, Amelia, and Withamsville, and how the "walkable old-school downtown" pattern keeps repeating.He also names what still has room. Carthage is the first mention of that neighborhood on this show: still $40-50K houses, a strong community, and a realistic 10-year hold. And St. Bernard, with fast lease-ups, proximity to 75 and the Lateral, and a brand-new rental registration program. If you own in St. Bernard or Norwood, the regulatory section is worth the listen alone. St. Bernard now inspects inside every unit every two years, and George explains who gets caught. Slocomb also shares how he beat two City of Cincinnati trash violations on a technicality.What you will learn:- What "critical mass" looks like in a Cincinnati neighborhood- Where east side growth goes next, and why acreage drives it- Why George calls Carthage a 10-year play- What St. Bernard's in-unit inspections mean for owners- Why unpermitted basement units are about to be a problem- How Norwood code enforcement affects costs and timelines- Why 12 to 24 units is the sweet spot for scale and staffing- Why family-held 1960s buildings are the value-add target- How to value a 12-unit: too big for comps, too small for cap rate math- Why George underwrites to the worst-day rent, not the best-day rentFollow @thecincyreishow on your favorite platform and leave a five-star review if we've added value. Subscribe. Share. Invest smarter.Guest: George Emmons, Property Manager and Investor, Keller Williams Seven Hills Timestamps:00:00 - Guest intro, 700+ units01:00 - Starting with his dad in '07-'08, one building to a PM co02:00 - The 700 units: Milford, Silverton, Norwood, Northside to Goshen03:00 - The neighborhood that changed most in a decade: Madisonville04:00 - Milford, Loveland, Lebanon and Goshen growth05:00 - Madisonville as the next OTR and the walkable downtown trend06:00 - Why growth pushed east: land in Withamsville, Goshen, Amelia07:00 - 1940s-60s ranches, school district rent premiums08:00 - The 25 to 45 renter and the five-minute city center09:00 - How you know a neighborhood hit critical mass10:00 - Madisonville vs OTR, 3CDC and Model Group buying blocks11:00 - Where to get in now: Carthage and parts of Norwood12:00 - The stalled Norwood project near Harris Ave, and Factory 5213:00 - Carthage vs Elmwood Place, $40K houses, St. Bernard demand16:00 - St. Bernard rental registration and in-unit fire inspections17:00 - Unpermitted basement units, and Norwood as "a big HOA"18:00 - Code enforcement as revenue and as value protection19:00 - A 15-year tenant, a $500 trash fine, a dumpster permit21:00 - Contesting violation notices and winning on a technicality22:30 - St. Bernard geography: Exit 6, the Lateral, the zoo23:00 - Housing stock: Cape Cods, three families, 12-unit vintage24:00 - Vine Street retail, Wiedemann taproom, free parking25:00 - Best size to buy in 2026: the 12-unit sweet spot26:00 - Scale, vacancy tolerance, keeping maintenance busy28:00 - Value-add on 12 units vs cycled-through complexes29:45 - Valuation: comps under 4 units, cap rate above 4030:30 - Market rent analysis, working back from top-dollar rent31:00 - Underwriting to the worst day, not the best32:00 - Rookie mistakes: reno numbers and hidden capex33:00 - Hidden gem: golf at DeVou Park in Park Hills34:00 - Cincinnati parks, top 10 for 11 years, #5 in 202635:00 - Wrap-up and outro

Dr. Tanh Truong controls over $50 million in non-residential commercial real estate. He knows why suburban office is Cincinnati's deepest value pocket, what makes a retail corner worth buying, and how to kill a bad listing in 60 seconds. In this episode, Dr. Tanh breaks down what buying office, retail, and industrial in Greater Cincinnati actually looks like in 2026. We cover why he avoids the urban core, why almost everything he buys sits within 15 minutes of the 275 loop, and how tenant profile drives location for every asset class. We also walk his Fairfield strip center on Dixie Highway from buy to exit: 40,000 vehicles a day, the outlot he carved off and sold to a Scooter's franchisee, and how he got the city to the table with a tax break and $200K when a big-box tenant wanted $2 million in TI. If you are sourcing your own deals, the live LoopNet teardown at 26:00 is worth the listen alone. Dr. Tanh walks real Cincinnati listings and explains why he passes. What you will learn: -Which Cincinnati suburbs still hold 85% office occupancy and which sit under 50% -How to underwrite a 30-50% occupied building and still clear 10% cash on cash day one -Why floor plate configuration, not vacancy, decides if office space is leasable -What industrial tenants need: highways, ceiling heights, ingress and egress -How to vet a municipality before you buy, and how to pull traffic counts free If this episode gave you a clearer picture of what commercial investing in Cincinnati looks like in 2026, share it with someone who needs to hear it. 📲 Follow @thecincyreishow on your favorite podcast platform so you never miss a conversation like this one. Leave us a five-star review if we've added value, it helps us bring more expert operators like Dr. Tanh to the show. Want to connect with Dr. Tanh Truong or learn more about the Cincinnati market? Tune in, take notes, and reach out to the guests and hosts directly through the show. Subscribe. Share. Invest smarter. 🎙 Guest: Dr. Tanh Truong: Invest Beyond Multifamily 🏙 Topics: Cincinnati Non-Residential Commercial in 2026, Suburban Office After COVID, The 275 Path of Progress, Retail Anchors and Outlot Value Add, Industrial Location Rules, Municipal Incentives, Live LoopNet Deal Analysis Timestamps: 00:00 – Introduction: Meet Dr. Tanh Truong04:00 – Why he avoids downtown and buys the 275 suburbs05:00 – Office occupancy: Blue Ash, Kenwood, Montgomery06:00 – Buying at 30-50% occupied and the TI trap11:00 – What office tenants really want12:00 – Industrial: arteries and truck access16:00 – Retail: visibility, signage, and shadow anchors17:00 – The Fairfield strip center on Dixie Highway19:00 – Traffic counts: Placer AI vs. ODOT22:00 – City hall: tax breaks and $200K23:00 – Reading a council meeting before you buy26:00 – Live LoopNet walkthrough begins31:00 – Where inventory and cap rates sit right now36:00 – Beechmont at a 7 cap: no value add45:00 – Cincinnati hidden gems

Ian Cruz and Slocomb Reed just closed on a 100+ unit portfolio of single-family homes and duplexes in Greater Cincinnati; under LOI in January 2026, managed under a master lease since May, closed in early August. No guest this week: just the two of us on the three biggest things this deal taught us after walking every property. Slocomb starts with the three perils of neglect: routine maintenance that becomes five-figure capex when deferred. Tree trimming that becomes roof and gutter replacement. Drainage that becomes foundation reinforcement. Slow drains that become failed subfloors and joists. We inherited all three and negotiated the discount to fix them. We would have paid more and asked for less had the previous operator spent hundreds a year instead of leaving us tens of thousands in work. We also cover how we underwrote the HVAC refrigerant transition: R22, the R410A phase-out, and what R32 and R454B mean for replacement cost at this scale. Then Ian walks through rent by property type, bedroom count, and school district. The headline number: $1,473 average across the single-family homes; is close to useless on its own. What matters is the divergence: districts where appreciation outpaces rent growth, and districts where rent growth outpaces appreciation. That split decides which houses get renovated and sold to first-time home buyers and which stay rentals. We name districts on both sides of the line, including several that have not come up in 20 episodes. What you will learn: Which school districts are appreciation plays and which are cash flow playsWhy Cincinnati Public Schools cannot be analyzed as one districtHow Madisonville and Forest Park changed under owners still operating with a 2005 mindsetHow we structured the deal to begin managing three months before closing Follow @thecincyreishow and leave a five-star review. Questions or disagreements: Facebook, Instagram, LinkedIn, and the Cincinnati's Best Ever REI Mastermind group. Subscribe. Share. Invest smarter. Timestamps00:00 Cold open: $2,000 on a French drain can save $20,000 in foundation work00:20 Closing a 100+ unit Cincinnati portfolio01:25 Insight #1: The three perils of neglect01:53 Tree trimming, roofs and gutters02:49 Drainage and leaky foundations04:05 Slow drains and cast-iron stacks06:54 What the previous owner got right07:48 Refrigerant phase-out: R22, R410A, R32 and R454B09:51 Insight #2: 15 years of neighborhood appreciation11:55 Insight #3: School districts split the portfolio in two14:19 Starter homes vs. rentals: who we sell to15:35 Queen City Pulse: Fourth & Rhine, a UC project cut in half17:02 Why the portfolio average misleads19:40 Reading the dot plot: rents by district22:05 Why Cincinnati Public is too big for one market22:49 Appreciation: Northwest, Oak Hills, Princeton, Winton Woods23:10 Cash flow: Elmwood Place, North College Hill, Mount Healthy, Finneytown24:49 Closing: a victory lap and the work ahead

Gil Richards is the VP of Finance and Development at Lauk Properties, which controls $55 million in Greater Cincinnati real estate. He started as a multifamily broker in January 2020, weeks before COVID hit, and has spent five years watching downtown Cincinnati go through a full cycle of pandemic-era demand collapse and recovery. Gil breaks down how tax abatements and historic tax credits work for Cincinnati investors in 2026. We cover the difference between the two, who should pursue each, and why the sub-four-family abatement process is more accessible than most new investors assume. We also walk through a real example: the Kirby School in Northside, vacant since roughly 2000, purchased by the city following the Great Recession, and brought back to life using historic tax credits as the core piece of the capital stack. Gil explains what made the building's rents of a dollar a square foot economically impossible to fix without that incentive, and what the registration and application process actually looks like. We get into what's changed downtown since 2020, the Connected Communities plan and its roughly 20% reduction in entitlement timelines, and why Cincinnati's difficult-to-develop-area status downtown means most projects still need public commitment beyond a standard abatement to pencil. What you will learn: The difference between property tax abatements and historic tax credits, and who should pursue eachHow the Kirby School in Northside used historic tax credits to overcome $1/sq ft rentsWhat qualifies a property as historic for tax credit purposes in OhioHow Connected Communities changed setbacks, parking requirements, and permit timelinesWhy downtown Cincinnati's DDA status still requires public commitment beyond a standard abatementWhat's changed in downtown Cincinnati's residential demand since 2020 If this episode gave you a clearer picture of how tax incentives shape what gets built in Cincinnati, share it with someone who needs to hear it. 📲 Follow @thecincyreishow on your favorite podcast platform so you never miss a conversation like this one. Leave us a five-star review if we've added value; it helps us bring more expert operators like Gil to the show. Want to connect with Gil Richards or learn more about the Cincinnati market? Tune in, take notes, and reach out to the guests and hosts directly through the show. Subscribe. Share. Invest smarter. 🎙 Guest: Gil Richards: VP of Finance and Development, Lauk Properties 🏙 Topics: Property Tax Abatements vs. Historic Tax Credits, The Kirby School: A Northside Case Study, What Qualifies as Historic in Ohio, The Connected Communities Plan and Faster Entitlements, Downtown Cincinnati's DDA Status and Why It Still Needs Public Investment, Downtown's Recovery Since COVID, Cincinnati's Property Tax Landscape Timestamps: 0:00 Cold open: the millage rate is insane 0:17 Intro: Gil Richards 0:54 Gil's path from Cincinnati to Newcastle to UC real estate 2:54 Breaking into multifamily brokerage at Colliers, then COVID hits 4:15 Is a real estate finance degree worth it? 6:51 What's changed most in Cincinnati since 2020: downtown 7:54 The Banks, Cranley, and the return of apartment development 9:27 Downtown 2020 to now: OTR's COVID dip and stalled resales 10:52 The Banks, Carew Tower conversions, and expiring abatements 11:43 Property taxes, the millage rate, and DDA/opportunity zones 12:41 The office condo that can't be 100% residential 14:48 Queen City Pulse: Fourth & Walnut's $14.8M incentive, Fort Washington Way caps 15:36 Be a guest on the show 16:29 Why every downtown unit needs parking 18:36 Cincinnati housing policy in 2026 and Connect Communities 20:21 What Connect Communities actually changed 21:59 Who should be looking at tax abatements and credits 23:00 How historic tax credits work 24:08 Case study: the Kirby School in Northside 26:11 Property tax abatements through the city, explained 28:04 Cincinnati hidden gem: Madonna's Bar & Grill 28:58 Outro

John Casmon has raised capital and operated $150M+ in apartment deals as a general partner. He breaks down why multifamily fundamentals never really change, what separates a submarket that survives a rate shock from one that doesn't, and how a deal bought at the 2021 peak still delivered strong returns while comparable deals elsewhere sold at a loss. John walks through the Florence, Kentucky deal that outperformed its cycle: an 81-unit townhome community in Boone County bought in 2021 and sold at the end of 2025. We cover why Boone County's 30+ consecutive years of population growth mattered more than any macro headline, how the Amazon cargo hub announcement at CVG changed the calculus years before it opened, and why single-shared-wall townhomes behave more like single-family rentals than garden-style apartments. We also dig into what happened when the rate cap hit, why the $5,000/unit renovation budget ballooned to $12,000-$13,000/unit, and how the property went from a $200 projected rent bump to $700-$800/unit once the real business plan took shape. John covers the leasing shift starting around August 2024, the turn-schedule trap of chasing vacant units instead of staying ahead of them, and why prior buyers' Section 8 assumptions turned out wrong. If you're figuring out which Cincinnati/NKY submarkets deserve attention in H2 2026, John's take on the Montgomery Corridor and his JusticeMap.org walkthrough are worth it alone. He shows how to read census-tract income data to catch what a 1-5 mile OM radius will never tell you. What you'll learn: Why Midwest multifamily avoided the distress that hit Sun Belt and Southeast marketsHow to evaluate a submarket using population growth data before looking at a dealWhy townhome-style duplexes can outperform garden-style apartments in a soft marketWhat actually happens operationally when a rate cap gets hitHow to read JusticeMap.org census tract data for income gaps an OM radius missesWhy Montgomery Corridor, Norwood, NKY, and Butler/Warren Counties are getting attention in 2026What separates an investor who reacts to the market from one who sets the pace on rents Follow @thecincyreishow on your favorite podcast platform so you never miss an episode. Leave a five-star review if we've added value, it helps us bring more expert operators like John to the show. Subscribe. Share. Invest smarter. Guest: John Casmon, General Partner, Multifamily Insights, $150M+ in apartment dealsTopics: Multifamily Fundamentals, Boone County Growth Story, Reading the Amazon Cargo Hub Signal, Rate Caps in Practice, Townhomes vs. Garden-Style in a Soft Market, The Turn-Schedule Trap, Montgomery Corridor & 2026 Submarkets to Watch, Using JusticeMap.org for Census Tract Data Timestamps:0:00 Cold open: the $200 rent bump that became $7000:23 Intro: John Casmon1:00 John's path to Cincinnati6:00 When did BiggerPockets stop being the hub?9:00 Why interest rates broke so many syndications11:00 Buying at the 2021 peak: rate caps & reimbursement scramble13:00 Boone County: 30+ years of population growth14:00 Highway access, CVG airport, and the Amazon cargo hub15:00 Inside the deal: 81-unit Florence townhome community18:00 Budget blowout: $5K to $12-13K/unit, $200 to $700-800 rent bump19:00 The August 2024 market shift and the turn-schedule treadmill22:00 Section 8 mix and the infrastructure bet on Dixie Highway23:00 Queen City Pulse: Port's affordable housing bet & Butler County's $264M industrial financing25:00 What made the Florence deal work: built-to-rent, long-tenured residents26:00 Debunking "15% rent growth" headlines30:00 Submarkets to watch for 2026 and beyond35:00 "Location first, business plan second"40:00 JusticeMap.org: reading census-tract income data45:00 Cincinnati hidden gem: Thai Spicy in Mason46:00 Outro

How does a Menards manager with a W-2 job and two kids build a real estate business on 300 hours a year?Chris Morgan of The Six Realty and loanDepot has house hacked four times in ten years, moving from Northside to Hamilton's east side to Reading. In this episode, he breaks down the CMHA vs. Butler Metro Housing Authority divide, why voucher vendor relationships matter more than the program itself, and the delegation playbook that turned his real estate side hustle into $70K a year on part-time hours.We also cover:→ Why the east side of Hamilton means higher cash flow and higher headaches→ CMHA's inconsistent inspections vs. Butler Metro's relationship-driven process→ What to expect when renovating 100+ year old Cincinnati housing stock (knob-and-tube, cast iron, plaster and lath)→ Chris's advice for balancing a W-2, a growing family, and an active portfolioWhether you're weighing your first house hack or trying to figure out how to scale investing around a full-time job, this episode is a real-world guide to building slowly, delegating early, and choosing the right submarket.🎙 Guest: Chris Morgan, real estate agent with The Six Realty and loan officer with loanDepot🏙 Topics: House hacking · Section 8 and voucher programs · Butler County investing · Older home renovation · Balancing W-2 and real estate Timestamps: 00:00 – Introduction: Meet Chris MorganThe Six Realty · loanDepot01:00 – From Purdue to Menards: Chris's path into Cincinnati real estate03:30 – First house hack in Northside (2019): A lucky deal behind a shuttered bar04:00 – Northside in 2026: Why pricing now exceeds cash flow05:00 – How 10 years of Menards relationships led to off-market Hamilton deals06:00 – Hamilton 101: East side vs. west side, cash flow vs. headaches08:00 – Navigating the blurry lines between Hamilton, Fairfield, and West Chester Township10:00 – Adding bedrooms to boost rent: The Pleasant Avenue case study11:00 – CMHA vs. Butler Metro: Why voucher vendor relationships matter more than the program14:00 – Inside CMHA's inconsistent inspection process16:00 – How CMHA's new rent reasonableness and affordability calculation works20:00 – House hacking advice: Choose a little discomfort to force your next move22:30 – The #1 reason house hackers fail: No reserves23:30 – Renovating 100+ year old homes: Narrow stairs, cast iron sewer stacks, and moving walls27:00 – Plaster and lath: Why it's not drywall and what happens when you open a wall29:30 – Knob-and-tube wiring and the insurance question30:00 – The sewer rat story: A 145-year-old Northside basement31:00 – Balancing a W-2, real estate, and a young family33:00 – $70K on 300 hours: Chris's delegation math34:00 – Why a good W-2 job (and insurance) is worth keeping early on35:30 – Building a team: TC, property manager, lending and realtor partners36:00 – Add and elevate: Delegating everything below your highest-value work37:00 – Cincinnati hidden gems: Agave and Rye, Mount Airy, and Thai Lam in Reading38:00 – Closing thoughts and episode wrap The Cincinnati Real Estate Investing Show is hosted by Slocomb Reed and Ian Cruz. New episodes every week. Subscribe, leave a five-star review, and share with a fellow investor.

Joe Fairless co-founded Ashcroft Capital, whose apartment portfolio has grown into the billions, and built Best Ever CRE into the longest-running daily real estate podcast, with roughly 50 million downloads. He started this Cincinnati meetup 11 years ago. Now he's back to talk about what halfway through 2026 looks like for multifamily operators. In this episode, Joe breaks down why Ashcroft sold two deals for a loss last year, the first time that's happened after 26 profitable exits from 2015 to 2021. We cover the domino effect of buying at 2021's low cap rates with floating-rate debt, why maturing loans are forcing sales now, and how supply, not just rates, drove the downturn. We also get into why the Midwest has weathered this cycle better than the Sun Belt. Cincinnati cap rates were already close to today's interest rates, and the metro held positive rent growth while Sun Belt markets went flat to negative on a supply glut. Joe covers where Class A, B, and C multifamily stand right now and why Class C has almost no active buyer pool right now, which he sees as an opportunity. Worth the listen alone: Joe walks through a deal where the cost to renew a rate cap on a floating-rate loan went from $30,000 to $1.3 million as interest rates rose. What you will learn:-Why Ashcroft sold two deals for a loss after 26 straight profitable exits-How a rate cap renewal went from $30,000 to $1.3 million and wrecked a pro forma-Why Cincinnati and the Midwest are handling this downturn better than the Sun Belt-How Class A, B, and C multifamily are trading differently right now-Why there's effectively no buyer pool for Class C deals right now-How rising syndication stigma is changing capital-raise conversations-What the Best Ever Inner Circle growth system does for operators If this episode gave you a clearer read on where multifamily stands in 2026, share it with someone who needs to hear it. 📲 Follow @thecincyreishow on your favorite podcast platform so you never miss a conversation like this one. Leave us a five-star review if we've added value. Want to connect with Joe Fairless or learn more about Ashcroft Capital and the Best Ever Inner Circle? Tune in and reach out to the guests and hosts directly through the show. Subscribe. Share. Invest smarter. 🎙 Guest: Joe Fairless: Co-Founder, Ashcroft Capital; Founder, Best Ever CRE🏙 Topics: The Multifamily Market Halfway Through 2026, Why Ashcroft Sold at a Loss, The $30K-to-$1.3M Rate Cap Problem, Midwest vs. Sun Belt, Class A/B/C Multifamily Right Now, The Class-C Opportunity, The Syndication Stigma, The Best Ever Inner Circle Timestamps:0:00 - Intro: Joe Fairless, Best Ever CRE, Ashcroft Capital1:00 - Joe's focus, mid-2025 to today4:00 - "First time we had sold for a loss"5:00-6:00 - The rate cap: $30,000 to $1.3 million8:00 - Why Midwest rates only rose to where cap rates were9:00 - Midwest rent growth vs. flat/negative Sun Belt10:00 - Why maturing 2026 loans are forcing sales12:00 - Where Joe's optimism about the cycle comes from15:00-17:00 - Cincinnati's C-class opportunity and supply constraints18:00-19:00 - No buyer's market for Class C; the Orlando deal20:00-21:00 - $55K-to-$70K/month revenue example21:00-23:00 - Why they sold at a loss; recapitalize vs. sell24:00-25:00 - The syndication stigma question26:00-28:00 - The Best Ever Inner Circle explained29:00-30:00 - Blossom Doughnuts, Cincinnati hidden gem The Cincinnati Real Estate Investing Show is hosted by Slocomb Reed and Ian Cruz. New episodes every week. Subscribe, leave a five-star review, and share with a fellow investor.

In this solo episode, Slocomb breaks down what he calls the Infinite Real Estate Glitch: the two components that remove the ceiling on how much real estate you can acquire, fund, and execute on. It's not a get-rich-quick pitch, it's a dozen years of reps, mistakes, and relationships distilled into a repeatable framework. We also cover: The two components: forcing appreciation and leverage, and how they compoundReal deal breakdowns: a cottage bought for $180K all-in, selling for $270KA sale-leaseback deal where Slocomb walked away with a check and the houseA 50/50 flip with a capital partner: $110K all-in on a $185K ARVScaling up: taking down six 12-unit buildings at once with a partner and outside capitalWhy "other people's money" only works once you've proven the playbook solo Whether you're just starting to force appreciation on your first deal or looking to scale into partnerships and larger acquisitions, this episode lays out the exact mechanics of building wealth through real estate with very little of your own capital or time. 🎙 Host: Slocomb Reed, Three Little Pigs & Keller Williams Seven Hills Realty 🏙 Topics: Forced appreciation · BRRRR strategy · Hard money lending · Leverage · Raising capital · Cincinnati real estate Timestamp: 00:00 – Cold open: all-in for $180K, selling for $270K00:02 – The two components intro: forcing appreciation00:04 – Component two: leverage & debt00:08 – Cuteness break with his daughters00:10 – Queen City Pulse (Cincinnati development news)00:12 – Bonus component: investing with other people's money00:15 – Example 1: the Cottage on Winton Woods00:16 – The $180K all-in / $270K sale breakdown00:18 – Example 2: the Mount Airy Ranch sale-leaseback00:20 – Example 3: the 50/50 flip ($110K all-in, $185K ARV)00:23 – Example 4: the six-building, 12-unit apartment deal with Ian Cruz00:24 – Three Little Pigs ad / platform overview00:26 – Cincinnati as an evergreen market, Best Ever Meetup mention00:29 – DisclaimerThe Cincinnati Real Estate Investing Show is hosted by Slocomb Reed and Ian Cruz. New episodes every week. Subscribe, leave a five-star review, and share with a fellow investor.