About 2012-2013 I was in your same shoes. I was accumulating Condos and not town houses in San Diego. I chose to dabble in buying 8 front doors in Euclid Ohio in 2014 with cash flow I was getting from the condos. Then I started to contact brokers that bought and sold Apartments complexes and proceeded to 1031 exchange all my Condos for Apartment complexes and told my story on BP Podcast 238 in 2017. Fast forward to today and I am financially free with in Painesville, Ohio a 27 unit, 24 unit, 21 unit, 20 unit 15 unit, 12 unit, 8 unit, and 6 unit. In Mentor a bit nicer neighborhood I have a 57 unit and right next door to that in Willoughby another 9 unit we purchased that one 4 months ago. Last, we have one outlier out of Lake County Ohio in Akron a 24 unit. We follow David Lindahl’s Multifamily Millions book written in 2008. That is our Bible or road plans for repositioning value plays in good hard working blue Collar areas of Ohio.
Look up BP Podcast 238 to see how I did it!! Brandon Turner and Scott Trench were gracious hosts when I was a guest!!
2021 hit and that is when I became financially free and was able to retire from teaching at 55 yrs old. In 2022 I also sold my money pot personal residences for $961,000 and purchased it for $154,000 in 1999. $500,000 was tax free due to being married.
America!! What a country!!
Swanny (Michael Swan)
OG Guest BP Podcast 238
