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Author: Kimberly Weiss, Executive Director (6 articles found) - Clear Search

Ohio’s Wholesaling Reform: What Investors and Sellers Need to Know

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 ohiolandmarkwholesalinglawgraphicandtextOhio has enacted Senate Bill 155, a landmark measure regulating real estate wholesaling, with strong bipartisan support and broad backing from industry and consumer groups. The law introduces mandatory disclosures, enforcement mechanisms, and new protections for property owners, reshaping how wholesalers operate in the state.

📜 Key Legislative Milestones

  • Senate Bill 155 (SB 155) passed unanimously in both the Ohio Senate (June 2025) and House (October 2025).
  • Sponsored by Senators Andy Brenner (R-Delaware) and Katherine Ingram (D-Cincinnati), with critical support from Representatives Marilyn John and Josh Williams.
  • The bill has been signed by Governor DeWine and will take effect 90 days after.

🏠 Core Provisions of the Law

  • Mandatory Disclosure Requirement: Wholesalers must provide a written disclosure to property owners before entering into a contract. This disclosure must:
  • Identify the party as a wholesaler.
  • Clarify that the wholesaler does not represent the homeowner.
  • Advise the homeowner to seek legal or real estate professional guidance.
  • Explain that contracts may be assigned to third parties for profit.
  • Warn that the offer may be below market value.
  • Homeowner Protections:
  • If the disclosure is not signed, the homeowner can cancel the contract at any time before closing.
  • Failure to comply constitutes an unfair or deceptive practice under the Consumer Sales Practices Act, enforceable by the Ohio Attorney General.

⚖️ Enforcement & Accountabi ... Read More…


Bill Warner’s “Top 10 Inspection Myths” Is Still a Must-Watch for Real Estate Investors

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Video review and noted by Kimberly Weiss and summarized by Microsoft CoPilot. 

 🎥 Originally recorded on February 5, 2020, Bill Warner’s “Top 10 Inspection Myths” remains an insightful and practical resource for anyone navigating property acquisition. Whether you're a seasoned investor or a first-time buyer, this video cuts through the noise and exposes the misconceptions that can cost you thousands—or worse, leave you with a property full of hidden issues.

Even 5 years on from when Greater Dayton REIA recorded this video with Bill Warner, his myth-busting framework still totally holds up. Here’s why it’s still essential viewing today:

🔍 Myth #10: “The Bank Already Ordered the Inspection”

This one still trips up buyers because the terms appraisal and inspection are sometimes used interchangeably, when they are not the same. Warner clarifies the critical difference between an appraisal and an inspection:

  • Appraisal = Value assessment based on visible features and market data.
  • Inspection = Deep dive into the property’s condition, systems, and potential risks.

Banks care about collateral. You should care about what you're actually buying.

⚠️ Myth #9: “Inspectors Will Find Everything That’s Wrong”

Inspections aren’t X-rays. They’re designed to uncover major issues—structural failures, safety hazards, plumbing leaks—not every minor flaw. Concealed defects and co ... Read More…


Estimating & Rehab Bus Tour

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🚌 Estimating & Rehab Bus Tour: A Hands-On Journey Through Dayton Real Estate

On June 20th and 21st, 2025, a vibrant green-and-red bus rolled through the streets of Dayton, Ohio—not as a sightseeing tour, but as a mobile classroom for aspiring and seasoned real estate investors. The “Estimating & Rehab Bus Tour” brought together a dynamic group of attendees for an immersive, hands-on experience in property evaluation and offer-making.
Bus Tour Participants

🔍 What Made This Tour Unique?

Unlike traditional seminars confined to hotel conference rooms, this tour took learning to the streets. Participants visited five real properties across Dayton, each offering a unique set of challenges and opportunities. With boots on the ground, they practiced:

  • Estimating rehab costs with real-world examples
  • Evaluating property potential based on location, condition, and market trends
  • Making offers—with at least one offer submitted during the tour!

🛠️ Learning by Doing

The heart of the event was its workshop-style approach. Attendees didn’t just listen—they measured, calculated, and strategized. Guided by experienced investors and rehab specialists, they learned how to:

  • Spot hidden costs and structural issues
  • Prioritize renovations for ROI
  • Use tools and templates for accurate cost estimation
  • Navigate the offer process with confidence

🤝 Building Community

Beyond the technical skills, the tour fostered connections. Participants shared insigh ... Read More…


HD ProXtra Discounts Save You Money

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     As a beginning investor and newer REIA member, I haven’t had many opportunities yet to discover the potential impact of also being a National REIA and Home Depot ProXtra member.   I am a homeowner though, so of course I have things that break and appliances that wear down that I have to get fixed.  
     I’ll spare you all the messy details, but suffice it to say, my refrigerator recently became too much to deal with and sent me on the hunt for a replacement. I started immediately with a search on the Home Depot app, where I’m registered with my ProXtra discounts, and I wasn’t disappointed!  
     I didn’t need anything top of the line or anything, and with my discounts, I saved a whopping 33% off with ProXtra discount and found a solution under $500!  I also checked around at some major competitors and their prices for the same refrigerator, including discounts, still came in around $50-$100 more. 

Could I have gotten a used refrigerator somewhere else for less? Maybe, but who knows how much life would be left on a large, used appliance like this? Better to go new and trusted, and as both a homeowner and investor, I can really appreciate saving hundreds of dollars on my needs.

I didn’t have to anything special besides enroll and shop!   Greater Dayton REIA Members can enroll quickly by downloading the Home Depot app and following the instructions .pdf found in ... Read More…


Right of Entry - What Housing Providers and Property Owners Need to Know!

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Last year, Dayton Police were able to send a Detective representative to speak with our members and guests about effective methods for protecting their property investments! 

One major concern from many members was that of "squatters", and Dayton Police had a lot of great information to share including these forms on their Right of Entry Program.  This program allows owner, co-owners, and property managers to assign permission for Dayton Police to enter the property when it qualifies under the circumstances and conditions listed in the program.   

Right of Entry Information Letter
 
 This form details the Right of Entry Program

Right of Entry Agreement
 
 This form give the actual permission for entry

... Read More…