New Member From Asheville, NC and investing in Cincinnati

[Jeremiah Cotner]

New members to BP currently residing in Asheville, NC. I have listened to almost all BP’s podcasts along with 5 other real estate investing podcasts. I also read every book I can find on multifamily investing. I am from the Fort Smith, Arkansas area and my wife is from Cincinnati, Ohio.

Sorry for the long post but I wanted to let others know who we are and what we are trying to do.

Real Estate has been and will always be a passion of mine. I wish I would have never stopped doing it for 7 years while I climbed the corporate ladder. I am currently trying to make up for lost time. I enjoy analyzing deals, finding opportunities that others may have missed, and enjoying the negotiating and buying process.

A little bit about us and our goals:

I am currently a Pulp Mill Superintendent in the paper industry and on LinkedIn.  I am a Chemical Engineer by trade. I’ve been responsible for as many as 115 people and a $300 million dollar manufacturing facility with a yearly budget of $100+ million dollars. My wife is/has been the purchasing manager at these facilities and has managed $100+ million dollars of raw materials.

At our day jobs, we enjoy developing people, systems, and making other improvements by thinking outside the box in order to continuously improve profitability on a year over year basis. This is why we enjoy real estate since it is so similar.

In 2017, we bought our first two duplexes in the Cincinnati area. These duplexes are located in C+ to B neighborhoods (which will be our focus). We should have a conservative total cash flow of $800-1000/month. We did have a lot of "learning opportunities" during this initial phase. We are currently closing on a single family house that needs some repair but will make a good rental. We will continue investing in single family and multifamily opportunities (2-4 plex units).  Plan to learn more about larger multifamily investing in order to increase cashflow and generate a monthly income of at least $8,000.

Our ultimate goals are financial freedom and to generate enough money to allow us to take the summers off to travel and explore the world with our kids! That is what life is all about! We both enjoy working so we will continue to work when we are financial free.

We want to connect with other like-minded individuals who enjoy investing in real estate and develop a network of people that we can contact to share ideas, opportunities, or to help out in other ways. We both enjoy teaching and telling others about our missteps so that they don’t make the same mistakes.

We currently invest in the Cincinnati area but are looking to invest in Arkansas (Little Rock), Kentucky (Louisville or Lexington), Tennessee (Johnson City or others), Indiana, or anywhere there is an opportunity. We hope to find some owner financing opportunities as well to increase our portfolio.

Potentially interested in partnering in order to do more deals as well.