All Forum Posts by: Michael Swan

I really like Lake County, Ohio.  I have one 57 unit in Mentor, 8 apartment complexes in Painesville too.  Lake County is landlord friendly and the property taxes are low there too!!

Swanny BP Podcast 238 guest

Hi @Nahum Levy

I replied to your personal message.  Maybe watch BP Podcast 238 where I was a guest and told my story on why I invested so heavily and continue to do so in primarily Lake County.

Here is the podcast where I was a guest:

Swanny

Sorry.  I get an email every once in a while to let me know. Have a great evening!!

Swanny

RE meetup tonight!!

WEDNESDAY, JANUARY 10th • 5:30 - 8:30 PM  Beers and Deals 

SIMONE LITTLE ITALY • 1401 UNION ST, SAN DIEGO

It is always a great time.

Swanny BP Podcast 238 Guest

Hi @Account Closed

Most of our 200 units are JV Partnerships with family and friends. The two deals we did small syndications with family and friends were a 57 unit in Mentor, Ohio and a 34 unit package deal in Painesville. Those two deals comprised 4 of our 10 apartment complexes. The other 6 are JV Partnerships with me and a few family members. We had some 1031 exchanges of Condos we purchased in San Diego in 2011-2012. We 1031 Exchanged into apartment complexes. One in Akron and three in Painesville too. We purchased most of those apartments in 2015 thru 2019. We then purchased a 27 unit in Painesville JV with me and two other friends that one in Dec of 2022. 2021 was a great time to refi to those Freddie loans. I called it the harvest time for me, my family and friends!!

Swanny

Excellent for section 8. However, don’t pigeon hole yourself off the start saying you want to rent to section 8.

Keep an open mind and go where the money and your proven team takes you.

Swanny

Hi Diane,

I own approximately 200 units in 10 apartment complexes in Mentor, Painesville, and Akron.  I really love Lake County.  It has been very good to me.  Feel free to pick my brain. 

That is open to everyone on BP.

BP Podcast 238 one of the OGs!!

Swanny

Your welcome Dylan,

Happy reading!!

Swanny

Welcome!!

Call me Swanny.  I own about 200 units in primarily Lake County.  It is extremely landlord friendly there.  I am not a realtor, just an investor.  I hope you find some good deals!!

Swanny

OG BP Podcast 238 guest

I would read Multifamily Millions by David Lindahl.  That is the Bible or the Road Map we follow to reposition value plays.  That book has really helped me to create financial freedom.  

Why reinvent the wheel?

Swanny

BP OG Podcast 238  guest!!