Investor Starting in the Toledo, OH Market

[Brandon Bohland]

Hey Everyone!

I'm classifying myself as a new investor in the Toledo, OH market.

I actually have some experience buying a couple foreclosures, fixing them up and living in them as my personal residence. The first one I flipped was a condo in Sylvania. I bought it for $110k, put $60k into it and sold for $245k in December of last year. I've since bought another foreclosure home in Sylvania that my wife and I plan to stay in for awhile as our personal residence. We've already completed the renovation.

The reason I'm classifying myself as a new investor is because I really haven't invested in anything outside of my personal residence. I'm a big advocate of Kiyosaki's, "Your house is a liability" theory. I see it every weekend when I find myself at Lowe's buying something to fix something else!

I am currently working full time as a financial analyst. My short term goals are to build some capital by buying, fixing and flipping homes. Long-term, I hope to build enough cash flow thru buy/hold investments to allow me to quit my job.

I've since just spent a lot of time doing market research and undergone a massive marketing campaign to find the best motivated sellers. I'll fix and flip what I can, and plan to wholesale any overcapacity.

I would be interested in knowing if there are any BP meetups in the Toledo market (outside of the Toledo REIA) meetings. I would be interested in attending. Glad I found BP and looking forward to some fruitful discussions!

Brandon