All Forum Posts by: Andrew Gibeaut

Hi Andrew. My business partner and I are located in the Southern California area and are just getting setup to purchase in Toledo. We are also looking at multi-family (2-4) and there is an amazing amount available for a December market. That said, there are quite a few that don't seem to make financial sense.

Awesome! I agree, there seem to be a handful that make sense, and more that look like a lot of rehab is needed. Building contacts for RE Agents, Contractors...etc. seems to be difficult. Looking in the mid-low price range might not help an agent be as willing to help because there's not a whole lot of meat on the bone.

0 Votes

Toledo, Ohio

Originally posted by @Michael P.:

Whether it's low interest rates or more people have discovered the hidden gem of Toledo, good deals are much harder to find now, but certainly still exist. There are a good amount of duplexes sitting on the MLS that are overpriced but the sellers are holding out for OOS buyers instead of dropping the price.

Out of curiosity, what do you think makes the duplexes overpriced? I've seen a plethora of decent quality duplexes that range from $50-70k that seem like good candidates to produce $500-650 month per door.

2 Votes

Toledo, Ohio

Hello!

My name is Andrew and I'm an out of state investor. I'm looking to get into the Toledo market, focusing specifically on duplexes. I live in Fort Worth and I am looking to make connections with other investors and service providers. I'd love to build a network with local investors and other out of state investors to learn from your experiences.

I'm also an open book, so if you have any questions about me/my experience, feel free to ask!

I look forward to hearing from you,

Andrew G.

2 Votes

Toledo, Ohio

Hello!

I've started listening to the Bigger Pocket Podcasts over the last couple months. I've always had an interest in real estate, but never access to such valuable information and education. One of the podcasts said to come and post as a new member and to be transparent. I've never bought a house before, but I am interested in purchasing my first home and "house hacking" in my first property.

I have interest in all aspects of real estate, however, moving forward, I would like to focus on buy and hold/rent. I'd love to meet and talk with other local investors about the local market and any wisdom I could get.

I currently work in Oil and Gas as a Landman. I have a lot of title experience which could be useful in the real estate world as well. The oil and gas industry is pretty cyclical, and it's a good idea to outside sources of income for the down times. I am actually an employee, which is rare as a Landman. I feel like that could help me in terms of being able to find lenders.

I'm excited to be a part of this community and look forward to building new relationships and growing my portfolio.

Andrew G. - Fort Worth, TX

1 Vote

All Forum Posts by: Andrew Gibeaut

Andrew Gibeaut has started 2 posts and replied 4 times.

Post: Looking to Network in Toledo!

Post: Looking to Network in Toledo!

Post: Looking to Network in Toledo!

Post: Fort Worth Newbie - Intro