All Forum Posts by: Reese Thompson

 Because there are no systems there.  It has to be more along the lines, "How do I sell a house in Youngstown?"  By thinking that you have to do all of that as an agent will guarantee that you can't profit off of Youngstown.

And as an investor, what if I drive 5 hours to see a house that makes me 50k?  Doesn't matter because I just made the average American's annual salary.  The deals are where the deals are.

Youngstown is 1 hr 18 min from Cleveland according to Google.  That's not far at all.  Time is only money when you're working for a wage.  When there are deals to be had, you have to be willing to go the distance.  That's why the northeast Ohio time thing is such a problem.  They're not willing to drive an hour and a half, but I can guarantee that they're binge watching the next season of the Walking Dead and they're vacationing their weekends away instead of finding deals.  

@Robert Lytle I'm not a flipper either.  Doesn't fit into my current strategy.

That's kind of the unfortunate curse of most of northeastern Ohio.  Nobody wants to travel for anything.  If you tell someone from Cleveland that something is 20 minutes away, they'll have a heart attack.  To them, Youngstown is too far to touch. 

I'd say you just have to talk to the banks and see what they say.  Don't just talk to one, though.  Different banks may look at it differently.  Don't give up and keep going until you find what you're looking for.

I would pay off personal debts and probably do private lending with the rest.  That would leave me with 2 avenues of cash flow...financial and operational.  I'd keep finding no (& low) money down deals for the operational side.

Welcome, good luck!

@Robert Lytle

Are you looking more around Warren than Youngstown?  Seems like when you say Youngstown that it can cover a wide variety of surrounding communities as well.  I'd just start calling the different agents you see listing properties you're interested in and kind of "interview" them while asking about the property.  It might take some trial-and-error as well.

@Philip Brown @Craig Montesano @Brent Coombs @Nate Bartow

I haven't used any professional property managers, but I have worked with Geisler and they seem good.  Another one that seems pretty popular to the local area is Demar.

http://demarrentals.com/

I can't personally refer them as I haven't actually used them, so you'll have to do your vetting.

Welcome, and good luck!  There's no "best way."  You gotta pick what works for you and do it!