The Cincinnati Real Estate Investing Show

The only podcast dedicated exclusively to investing in Greater Cincinnati. Hosted by Slocomb Reed, a Cincinnati operator with 12+ years of boots-on-the-ground experience, and Ian Cruz, a CPA and multifamily syndicator who has scaled a portfolio here from the Bay Area. Together they bring the operator perspective that most real estate content is missing. Every episode covers neighborhood expertise, market knowledge, how specific strategies play out in Cincinnati, and real stories from investors doing deals here.

The Cincinnati Real Estate Investing Show is a business podcast hosted by TLP Investment Services, with 28 episodes on record and a Required Pod Score of 80.

TLP Investment Services hosts The Cincinnati Real Estate Investing Show, a business show with 28 episodes published.

Our AI reads these to draft pitches. Use them as grounding for a pitch that cites a real guest and a specific topic.

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  Episode #29

  EP 029 | 32 Full-Cycle Exits, Zero Missed Pro Formas: Venture's Underwriting Rules

  Sep 21, 202645 minS1

  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 Introduction 01:45 - A 71 Kid: Finneytown to Lebanon, Ohio State to Xavier 04:00 - Why the First House Hacks Did Not Stick 06:15 - 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

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  Episode #28

  EP 028 | 15% Return on Every Dollar In: How Rebecca Sequeira Prices a Flip

  Sep 14, 202657 minS1

  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 annualized Trading the listing for the deal: how one Coldwell Banker agent has brought her five houses off market Why a $250K flip still gets granite, a French door refrigerator, and $2 to $3 per square foot tile Three weeks on market in Kennedy Heights at $389K vs. eight offers in a day and a half in Loveland at $735K Hiring 30+ subs on work ethic, quality, and price in that order, and the only trades she ever advances money to Subject-to, rent-backs, and a land contract: the creative structures she used when a straight purchase did not fit Whether 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

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  Episode #27

  EP 027 | Sold Her PM Company in 2025: Bri Leichliter on the Numbers That Matter

  Sep 7, 202648 minS1

  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

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  Episode #26

  EP 026 | The 12-Unit Sweet Spot: George Emmons on 700 Units in Cincinnati

  Aug 31, 202637 minS1

  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

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  Episode #25

  EP 025 | 40,000 Cars a Day: How Dr. Tanh Truong Reads a Cincinnati Retail Location

  Aug 24, 202647 minS1

  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 Truong 04:00 – Why he avoids downtown and buys the 275 suburbs 05:00 – Office occupancy: Blue Ash, Kenwood, Montgomery 06:00 – Buying at 30-50% occupied and the TI trap 11:00 – What office tenants really want 12:00 – Industrial: arteries and truck access 16:00 – Retail: visibility, signage, and shadow anchors 17:00 – The Fairfield strip center on Dixie Highway 19:00 – Traffic counts: Placer AI vs. ODOT 22:00 – City hall: tax breaks and $200K 23:00 – Reading a council meeting before you buy 26:00 – Live LoopNet walkthrough begins 31:00 – Where inventory and cap rates sit right now 36:00 – Beechmont at a 7 cap: no value add 45:00 – Cincinnati hidden gems

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