EP 015 | Cincinnati Real Estate Due Diligence: 17 Mistakes That Cost Investors

Slocomb Reed is the host of the Cincy REI Show, a partner at Three Little Pigs Investment Services, and has 12+ years investing block-by-block across Cincinnati's most nuanced neighborhoods. He hosted 400+ episodes of the Best Ever CRE Show before launching the Cincy REI Show with co-host Ian Cruz, a CPA and co-GP across 200+ units in Cincinnati. In this episode, they put that combined experience to work building a Cincinnati-specific list of the 17 biggest mistakes investors make in this market. No generic top 10 content. These are the things that actually cost people money here.They cover older mechanicals unique to Cincinnati's pre-WWII housing stock, location traps that spreadsheets miss, the property tax reassessment cycle, why the cheapest service providers cost the most in the long run, and the single most profitable operating principle in this market.If you are an out-of-state investor underwriting Cincinnati deals, the location section starting at mistake #9 is worth the listen alone.What you will learn:- Why no onsite laundry and missing parking kill leasing before it starts- How to identify foundation, galvanized steel, aluminum wiring, and knob and tube issues before you close- Why a sewer scope is non-negotiable on every deal regardless of property age- How Cincinnati's three-year property tax reassessment cycle can quietly destroy your underwriting- Why outsized spreadsheet returns are a red flag, not a win- How to engage a property manager early enough that they can actually protect you- Why disrespecting tenants is the most expensive mistake on this listIf this episode sharpened your Cincinnati due diligence process, share it with an investor who needs to hear it.🎙 Hosts: Slocomb Reed, Host, Cincy REI Show & Partner, Three Little Pigs Investment Services | Ian Cruz, Co-Host, Cincy REI Show & Partner, Three Little Pigs Investment Services🏙 Topics: Cincinnati Real Estate Due Diligence, Foundation Types in Cincinnati, Galvanized Steel and Aluminum Wiring, Knob and Tube Wiring, Sewer Scope Best Practices, Property Tax Reassessments in Ohio, Flood Zones in Cincinnati, Parking and Laundry as Leasing Factors, Neighborhood Micro-Location Analysis, School Districts and Property Values, Choosing Quality Service Providers, When to Engage a Property Manager, Over-Improving for the Location, Tenant Relations and ProfitabilityTimestamps:-00:00 - Introduction: Slocomb and Ian count down the 17 biggest Cincinnati REI mistakes-02:00 - #17: Not providing onsite laundry in multifamily-04:30 - #16: Not checking for parking-08:00 - #15: Not checking for flood zones-10:30 - #14: Missing foundation cracks-15:00 - #13: Missing galvanized steel plumbing-17:00 - #12: Missing aluminum wiring-20:00 - #11: Missing knob and tube wiring-24:30 - #10: Not getting a sewer scope-30:00 - #9: Assuming you are or aren't in Cincinnati-33:00 - #8: Assuming neighborhoods and zip codes are homogenous-36:00 - #7: Not checking for school districts-39:00 - #6: Letting your spreadsheet determine what you buy-43:00 - #5: Property tax reassessments-48:00 - #4: Choosing the cheapest service providers-52:00 - #3: Waiting too long to engage a PM-57:00 - #2: Over-improving for the location-60:00 - #1: Disrespecting your tenantsThe 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.