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Updated over 11 years ago, 03/14/2013
New Member from Cincinnati, Ohio
I thought it was time that I rearranged the cart and horse, given that I jumped into the forums without properly introducing myself!
My name is Ben and I live and invest in Cincinnati. It turns out that I started on Al Williamson's strategy of neighborhood improvement before I knew about his experience - I wish I'd known about BP earlier! I've appreciated the knowledge he and everyone else have had to share.
My strategy is focusing on a nearby neighborhood (five minute walk) which is transitional between A-B class and C-D class. I purchased a REO SFR there, rehabbed it myself, and have it rented with a very good (so far) tenant at a 20% cap rate. I'm working hard to connect with the neighbors, address the blight, find some great investment opportunities, and be a force for good. Doing well by doing good, as they say!
My goals are to improve the neighborhood (which indirectly improves my own), build up enough cash flow to support continuing investment, and have some very modest property appreciation.
Thanks for providing this great resource!