Buy and Hold Investor from Dayton Ohio

[Rodney Mullins]

I currently have 3 condos as rentals. My properties are mortgage free. I have rehabbed 2 of the units and am in the process of bring the 3rd from the 70's into this era. I'm looking into houses and multi unit properties. My goal is to have cash flow during retirement. The house I live in will be my first Single family as a rental and the only one I have a note on. I started in March of 2009 with a 1br condo I purchased for 25,000 sold for 35,000. November of 2011 with my second unit. Purchased the 3rd in November of 2013 and the 4th less than a month later in December of 2013. My 5th property a 3br 2 bath house was purchased in July of 2015 for 44,600 with 35,000 in equity. So far I have lived in 3 of the 5 units I've owned and rehabbed while living in them. My father was a general contractor for 30 years and my mother has a commercial cleaning company for new construction that she has been doing for 30 years also.  As for myself in addition to being around construction for all of my life, I have a dual major in accounting and finance with a minor in economics.

Thanks Everyone. I look forward to learning and growing my business.

Rodney

[Rob Badhorn]

@Rodney Mullins, Congrats!  I went to U of D.  So I have great memories from Dayton!  Sounds like your really moving up congrats!  i do the same in Toledo Ohio right now.  I am investigating Dayton as a next city to flip/Buy & Hold.  Whats your perspective.  Where would you flip/Cities?  Any areas to stay out of?  Thanks!   Rob