Active Midwest Investors

[Phillip Lumpkin]

Hello, Phillip Lumpkin here. This is my first post on BP! 

I'm looking to diversify my personal investment portfolio through Real Estate, particularly in the Midwest (Michigan, Ohio, & Illinois). 

I currently reside in Ridgewood, NJ with my wife and two children, Emily and Sarah and my miniature Schnauzer, Wishbone. My hobbies include reading the paper and donating to various charitable causes.

Looking forward to connect with more investors active in the Midwest. 

I have been doing research on Cleveland, Detroit, and Indianapolis exploring some out of state investing opportunities. 

Are there any active investors currently doing deals in these markets and would mind sharing your knowledge?

Thank you, 
Phillip 

[George Blower]

@Phillip Lumpkin

Welcome to Bigger Pockets.

[Gary Carver]

@Phillip Lumpkin I have been investing here in Detroit myself and also helping other out of state/country investors . I have found it to be very rewarding. Of course you have to do your research. But I would strongly suggest Metro Detroit market

[Jeff Schechter]

Hey @Phillip Lumpkin - between us and our investors, we've done over 300 doors in Indy.  Happy to answer questions if you want to PM me.

[Mihir Bhimaraju]

@Phillip Lumpkin I'm an investor in the midwest market. I'd be happy to answer any questions you have about the market.

[Michael Ealy]

Welcome to BP @Phillip Lumpkin! and yes, I am in the midwest market too. I specialize in developing hotels and apartment complexes.

[Drew Brown]

Welcome to BP @Phillip Lumpkin. I invest in buy and hold in the Greater Lansing, MI area and love every bit of it. I am also apart of DS Huber Real Estate Group a large single family property management company. Let me or anyone on bigger pockets know if there is anything we can help with.

Thank you,

Drew

[Mike D'Arrigo]

@Phillip Lumpkin Of the 3 markets that you mentioned, I like Indianapolis. I've been active there since 2010 and know it well. Feel free to PM me if you'd like.

[Justin Stamper]

Hey @Phillip Lumpkin welcome to BP

Reading the paper is one of my favorite hobbies as well. 

We are active in the Cleveland market and always have a private portfolio of at least 30 doors, as well as the turn key properties we sell to our friends. I would be happy to answer any of your questions! 

[Phillip Lumpkin]

Thanks for the warm welcome, all. 

@Gary Carver @Drew Brown I'm very fond of Michigan as my wife's family is from there. Probably my first choice. 

[Scott Matthew C.]

@Phillip Lumpkin Hi, welcome to BP.

[Joe Villeneuve]

Originally posted by @Phillip Lumpkin:

Hello, Phillip Lumpkin here. This is my first post on BP! 

I'm looking to diversify my personal investment portfolio through Real Estate, particularly in the Midwest (Michigan, Ohio, & Illinois). 

I currently reside in Ridgewood, NJ with my wife and two children, Emily and Sarah and my miniature Schnauzer, Wishbone. My hobbies include reading the paper and donating to various charitable causes.

Looking forward to connect with more investors active in the Midwest. 

I have been doing research on Cleveland, Detroit, and Indianapolis exploring some out of state investing opportunities. 

Are there any active investors currently doing deals in these markets and would mind sharing your knowledge?

Thank you, 
Phillip 

 HI Phillip.  I've been a this in SE Michigan for a while now.  I live here...which helps me know the area well, but you don't need to live in an area to know it well. 

There are a number of markets and micro-markets here that will cash flow and/or offer flip profits, but not all areas are equal...and not all markets have the same profiles (size, price, etc...).  If you have any questions just let me know.

[Kenneth Garrett]

@Phillip Lumpkin

I am an active investor in the nw suburbs of Illinois and southern Wisconsin.  Feel free to reach out if you have any questions. 

[Rob Hayes]

I was just going to say... where are all the Illinois investors???    

[Kenneth Garrett]

@Rob Hayes

Hi Rob, hope things are well with you.  Representing the State of Illinois.

[Rob Hayes]

@Kenneth Garrett things are going pretty smoothly around here.   Doing some painting in preparation for a new tenant...otherwise all is great!     I hope you're also doing well.    

[Nate Shields]

Welcome @Phillip Lumpkin! 

I'm an active agent and investor in the very far west suburbs (the exburbs) of Chicago near Northern Illinois University. Feel free to hit me up with any questions.

[Brandon L.]

Hello! @Phillip Lumpkin

Welcome to BP, and congratulations on making the decision to invest in your future via real estate.

I have written a few blog posts that may help you get started here on BP, and with your investing. Please click on the links, give them a read, and share your thoughts in the comments.

First is a post that I feel will help not get overwhelmed with the amount of info that is here on BP:

https://www.biggerpockets.com/blogs/5868/52761-the-simple-guide-to-getting-started-on-bp

The second is a post that will help get you focused with your real estate investing goals:

https://www.biggerpockets.com/blogs/5868/52743-im-new-to-bp-any-advice-would-be-appriciated

The last one is a post that will help you choose an “investor friendly” real estate agent.

There are many agents out there, but it’s important to choose the right one.

https://www.biggerpockets.com/blogs/5868/52724-im-new-to-investing-how-do-i-find-an-investor-friendly-agent

I love answering questions if you have any! Good Luck :)

[Kiera Underwood]

I've seen hundreds of investors come to Oklahoma in the last year. Have you checked out OK at all? 

[Alyssa Dyer]

Hey Phillip! I could connect you with some past/recent buyers for the OKC market and you could review their experiences.