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Updated about 8 years ago on . Most recent reply
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New Member Northeast Ohio
Hello BP,
I am retiring in 18 mths at age 62. My wife Chris and I are interested in renovating, flipping and possibly buy and hold in Northeast Ohio. I am a Licensed Electrician in Geauga County and have done one gut renovation for my son in Middlefield Oh. I also have some good contacts for help with carpentry, HVAC, Kitchens and drywall.
I live in Middlefield and would like to invest close to home if possible. We have a large Amish community here. They build high quality houses without Electrical which can be a good fit for my skill set. They usually sell by owner via word of mouth and the local paper. Generally they list with Realators only after other efforts are unsuccessful. One of the problems in rural Northeast Ohio is Septic Systems. Point of sale inspections are very strict. It is common for septic point of sale repairs to cost from $10-$25K. Also Comps are difficult here in Rural Northeast Ohio.
I am anxious to make things happen yet still working they building my knowledge base. I realize I may have to extend my search outside Geauga County.
I would like to connect with a REI club or members in my area.
Thanks
Jim P
Most Popular Reply
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Hi Jim, welcome to BP. I am from Lake county but I am in Geauga weekly. I volunteer at a therapeutic riding center in Bainbridge every tuesday and my girlfriend grew up in Newbury. I have been looking for a 3 or 4 unit in Lake or Geauga to buy and move into to get started acquiring rental units. I am going to send you a colleague request and if it is okay I may reach out to you in the future if I have any electrical needs. I will be taking my real estate exam in 2 weeks and will be licensed with keller Williams in mentor so if there is anything that I may be able to help you with please let me know! My advice would be to start listening to the BP podcasts while driving. I have learned a ton just by giving up pointless music while driving and learning instead. I think that you will find BP to be a huge help. Some of the guys on here meet up in middleburg hts every month so if you search around you will find a thread with details. I have yet to attend but plan to do so soon.