Hi from Dayton OH

[Mike Schena]

Hi,

New member from the Dayton OH area here. I'm relatively new to real estate investing, but so far it has been going great. About a year and a half ago I realized I had a great skillset for being a landlord. I am a cost estimator by trade and some of my hobbies are renovating houses, woodworking and even building small structures. So I bought a couple books read them through and started looking for a property. Last October I closed on a duplex in the popular part of downtown. I projected a 21 % leveraged cash on cash return but in reality it has been performing much higher. I just signed up to re-invest some of that into a local program where the utility company subsidizes insulation, and air sealing. My tenants have been great, so I wanted to do something that would benefit both myself and them.

Just last week, I closed on a 4 unit apartment building in the suburb where I live. I'm also projecting about a 22% leveraged cash on cash return for this property. I'm hoping all the tenants are as great as my other property. I still have yet to cut my teeth on filling a vacancy, but hey that is a good thing, I think it means I picked a good property.

Looking forward to learning from you all,

Mike