All Forum Posts by: John Wilson

With with single families it just seems to be such a slow process, unless you buy them dirt cheap,and in not so desirable areas, like the 43605/43609/43608  I've been keeping my searches towards Maumee area, some of West Toledo and Holland , Point Placed even. It just seems if I was able to acquire maybe an 4, 6,or8+units I would be able to grow my portfolio quicker ,and once I got 16 or better, possibly hire a property management company to run it, which would leave me more time to acquire more properties, would love to have it on one parcel.    As far as returns, I am seeing good return on the one that I have ,single family, just seems it's always going to be 4 to 5 month turn around for Rehab. Then when you're dealing with banks that's another month or better.

I purchased my first property at the end of last year a single family in the Washington local area, rehabbed it ,refinanced , and now I'm looking to repeat.  Using only this strategy I'm only working with about 50,000 to 60,000 ,and my ultimate goal is to get into larger multifamily units for greater returns for buying hold. I've been considering trying to acquire hard money to go with what I have, or even trying to find schedule 2/or land contract deals to maximize my returns.   Are there any investors in the Toledo area that have used hard money, or have acquired properties through land contract?  If so ,what were some of the obstacles you've had to encounter ?  I would definitely love to hear back from you . Thanks