Ohio or Indiana Properties

[Clifton Jones]

Hello Bigger Pockets Forum, I am currently a resident of the Phoenix market. I went to The Ohio State University back in the day and still have friends and family in Cincinnati, Toledo and Indianapolis.  The Phoenix market is great for growth but not for cash flow so I'm looking to build a team in one of those markets.

Admittedly, my weakness has been acquisitions and team building so please reach out if these are strengths of yours.  

Thanks!

Cliff

[Steve Peterson]

Hi Cliff -- I'm in Phoenix too.  I've got three properties in Cincinnati right now.  Purchased 5-7 years ago, with great returns.  Looking to build a team to buy more at some point as well.  

[Clifton Jones]

Hi Steve,

Would you be available to meet for coffee this week?

[Lee Yoder]

Hey @Clifton Jones and @Steve Peterson I live just north of Cincinnati and I'm a MF investor. I have a lot of good contacts in Cincinnati and I come across deals fairly often. I'm also working on syndicating apartments right now if you're interested in being an LP on a bigger deal. Let me know if I can help you guys out in any way. Reach out to me or share you email with me and I'll be in touch.

[Clifton Jones]

Thanks Lee! 

It won't let me post my email?

[Steve Peterson]

Cliff -- Sure -- I'd be happy to meet for coffee.  Friday at 10?  

[Steve Peterson]

@LeeYoder. I'd love to chat about Cincy MF and Apartment deals. I'll be in Cincy mid-August.  Thinking about selling one of my Single Family homes and interested in reinvesting in MF with the returns of that.

[Eric Lee]

Hello fellas,

Glad I found this thread. I am in Phoenix as well and looking to go to the mid west for my 1st OOS property. Currently looking into building a team in Indy. Would love to connect with you on what connections you’ve made to make this possible.

@Clifton Jones @Steve Peterson @Lee Yoder

[Lee Yoder]

@Clifton Jones Yeah, you can't put your email in the forums, so you'll have to send me a direct message. We can share email addresses through direct messages. I'll DM you now. 

[Grace Navera]

@Clifton Jones Hi! I'm an aspiring REI here in Cincinnati. I am just starting my education. One of my next goals is to practice analyzing neighborhoods and deals. (Finding comps, ARV, average rent etc.)

If you send me a couple neighborhoods you’re interested in and then the type of property, I’d be happy to send you the results of my research.

[Clifton Jones]

@Grace Navera Thank you, that would be so nice!  Part of my challenge is not knowing which neighborhood to search.  I never lived in Cincinnati and it's hard describing B neighborhoods sometimes.  Do you have any suggestions?

Are you starting out as a wholesaler?

[Grace Navera]

Hi Clifton, my goal is to pursue a buy and hold strategy with a goal to buy my first property in 2021. I'm currently reading David Greene's BRRRR book so I'm thinking to emulate his strategy. I'll DM you to get details on what you're looking for.

[Scott Swanson]

Clifton,

Are you interested in properties in Indiana? I know someone who has a program that allows long distance investors to buy out of state. They do everything for you, so you don't need to worry about how you'll accomplish everything. It might be worth your while. Good luck. 

[Zeke Liston]

Welcome to the site @Clifton Jones! I am here in Columbus, the market growth is great. I'd be happy to chat about the current market...oh and go bucks!

[Remington Lyman]

Originally posted by @Clifton Jones:

Hello Bigger Pockets Forum, I am currently a resident of the Phoenix market. I went to The Ohio State University back in the day and still have friends and family in Cincinnati, Toledo and Indianapolis.  The Phoenix market is great for growth but not for cash flow so I'm looking to build a team in one of those markets.

Admittedly, my weakness has been acquisitions and team building so please reach out if these are strengths of yours.  

Thanks!

Cliff

 Yes, team building is the most important part of OOS investing. You should get with a Realtor that can give you a good property manager, lender, and contractor list in their local market.

You should look into the Columbus, Ohio market since you went to school at The Ohio State University.

[Gloria N Gear]

Hi Clifton, I am in the Indianapolis market.  I am one of those weird real estate agents that actually likes working with investors.  I do a lot of networking and am contantly building my list of property managers, contractors, wholesalers, lenders, etc.  Let me know if you would like to connect so I can point you in the right direction to build a team.